Oil marketers have assured Nigerians that the prices of Premium Motor Spirit (PMS) popularly known as petrol will crash if they are allowed to lift petrol...
Oil marketers under the aegis of Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have laid the blame on the fresh fuel scarcity on the...
Major downstream marketers under the umbrella of the Major Energies Marketers Association of Nigeria, (MEMAN), have raised alarm that the country may face more challenges in...
Nigerians may have more economic hardship to contend with as they have been asked to brace up for an imminent upward review of the pump price...
The Major Oil Marketers Association of Nigeria (MOMAN) has disclosed that the exchange rate used to determine the price of Premium Motor Spirit (PMS) is N825/$1....
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has directed oil marketers in the country to accept Point of Sale (POS) and bank transfer services...
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Debo Ahmed, said the Nigerian National Petroleum Company (NNPC) Limited has failed to fulfil...
The House of Representatives has urged the appropriate security authorities to uncover the oil marketers behind the recent nationwide fuel shortage. Additionally, the lower chamber decided...
The Major Oil Marketers Association of Nigeria (MOMAN) said the abrupt reversal of the Petroleum Industry Act affected the oil and gas industry negatively. In a...
The Nigerian National Petroleum Company (NNPC) Limited and the Independent Petroleum Marketers Association of Nigeria (IPMAN) are negotiating delivery of Premium Motor Spirit (PMS) amid fuel...
The Major Oil Marketers Association of Nigeria (MOMAN), says it has a solution to the lingering fuel scarcity currently being experienced in the country. Rising from...
The former Chairman of Major Oil Marketers Association of Nigeria, Tunji Oyebanji, said on Thursday the Nigerian National Petroleum Company (NNPC) Limited has not taken possession...
The Minister of State for Petroleum Resources, Timipre Sylva, on Tuesday revealed that the federal government was not responsible for the increase in the price of...
Oil marketers have blamed the Pipelines and Product Marketing Company (PPMC) for the lingering fuel scarcity in Lagos, Abuja and some part of Nigeria, after queues...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has demanded the Federal Government pays the N500 billion it owes to the oil marketers to avoid fuel...
The chairman, Major Oil Marketers Association of Nigeria (MOMAN), Olumide Adeosun, has revealed the reasons cost of aviation fuel, Jet A1, is rising amid threats from...
The inability of the Central Bank of Nigeria (CBN) to meet foreign exchange demands from the private sector has been blamed for the fuel scarcity Nigerians...
The Major Oil Marketers Association of Nigeria (MOWAN) on Wednesday ordered filling stations in the country to extend their hours of operation in a bid to...
Major Oil Marketers Association of Nigeria has revealed that over N10.7 trillion was expended on fuel subsidy in the last 10 years. Chairman of the association,...
The pump price of gasoline should be about N155 per litre, the Chairman of the Major Oil Marketers Association of Nigeria, Adetunji Oyebanji said on Tuesday....
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Oil marketers in Nigeria are ramping up the campaign for full liberalisation of the downstream segment of the oil and gas industry as Africa’s biggest oil...
Oil marketers in Nigeria now have the liberty of importing petroleum products alongside the Nigerian National Petroleum Corporation (NNPC) as the liberalisation policy of the downstream...
The suspension of the subsidy regime on petroleum products announced by the Nigerian National Petroleum Corporation (NNPC) two days ago would not be seamlessly implemented except...
As many consumers in the country engage in panic buying of Premium Motor Spirit (PMS), widely known as petrol, out of fear of an impending scarcity,...
The Nigerian National Petroleum Corporation, NNPC, has taken over assets worth N771 million belonging to oil marketers who underpaid for petroleum products supplied them from the...
The Federal Government has concluded plans to pay oil marketers under the aegis of Major Oil Marketers Association of Nigeria, (MOMAN) and the Depot and Petroleum...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has cried out over inadequate availability of petroleum products at their stations, saying their members are being sent out...
Oil marketers on Saturday, denied signing any agreement with the Federal Government over the lingering N800 billion subsidy arrears. The oil marketers also insisted that their...
There are growing fears over possible fuel scarcity as oil marketers have given the federal government a seven-day ultimatum to settle outstanding debts totalling N800 billion,...
Oil marketers in the country have cried out over the continued delay by the Federal Government in paying subsidy arrears accrued to them. According to the...
Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria and the Depot and Petroleum Products Marketers Association have called for the payment...
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs) have raised the alarm over...
The Senate has reacted to an alleged claim by the Chief of Staff to the President, Abba Kyari, that the National Assembly was responsible for the...
Oil marketers say it is no longer sustainable to sell petrol at the rate of N145 per litre, citing hurricane in the US and the stoppage...
Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), says petrol scarcity which he maintained was the result of “rumoured price increase” has...
The scarcity of Premium Motor Spirit, popularly known as petrol, is mainly because of its hoarding and diversion by oil marketers who are pushing for an...
The Federal Government has said it is awaiting approval of the National Assembly to settle its liabilities to fuel marketers for subsidy claims. Minister of Finance,...
The directive from the Chief of Staff to the President, Mr Abba Kyari, that the N150 billion owed to major marketers be paid immediately, has elicited...
What looks like a serious row is brewing in the downstream oil sector with major oil marketers threatening total withdrawal of supply unless the Nigerian National...
In what looks like a confirmation of speculations over the past weeks, the Nigerian National Petroleum Corporation (NNPC) has admitted that the current market price of...
Facts have emerged that major and independent marketers in the country are owing the Federal Government about N86.4bn as at July 2016. According to reports, a...
The Federal Government and oil marketers, Wednesday, said there is no truth in rumours making the round over an imminent increase in the pump price of...
With more revelations emerging on why most airline operators are having their flights delayed or cancelled, the sector now spends an average of $20 million sourcing Aviation fuel, Jet...
In spite of government’s hopes that the removal of subsidy on fuel products will shore up Nigeria’s foreign reserves, the external reserves dropped by about US$200...
The end may not yet be in sight in the crisis rocking the downstream subsector of the oil industry, as oil marketers, on Friday in Abuja,...
The Federal Government has paid the outstanding N48. 2 billion subsidy arrears owed oil marketers in 2015. The Minister of Finance, Mrs. Kemi Adeosun, stated this...
Modalities for resolving an outstanding N16.5 billion fuel subsidy claim may unsettle the fresh romance between the federal government and petroleum marketers, Ripples Nigeria has gathered....
There are strong indications that fuel price may scale the N145/litre mark if forex for importation of petrol continues to elude marketers. Reuters reports that there...
