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Oil marketers yesterday confirmed receipt of N236 billion being first tranche payment of the outstanding N800 billion subsidy debt owed its members.
Senator Kabiru Marafa, representing Zamfara Central, has warned that if marketers are not paid the outstanding of N800 billion, the enemies of the present administration may cause disquiet that will result in the return of fuel queues.
Despite threats by petroleum depot owners to shutdown operations if their unpaid N800 billion subsidy claims were not cleared, the Nigerian National Petroleum Corporation (NNPC) says it has sufficient petroleum products in its facilities and urged consumers across the country not to engage in panic buying.
Depot and Petroleum Products Marketers Association (DAPPMA) suspends its earlier directive to commence shutdown of depots across Nigeria and stop loading petroleum products effective from midnight of Sunday
Nigerian National Petroleum Corporation (NNPC) fast-tracks agreements with bulk purchase marketers in Nigeria
Federal government says oil marketers would be paid N236 billion out of N348 billion approved by the National Assembly as outstanding subsidy claims on December 14
Subsidy arrears: Oil marketers insist no agreement with federal government as ultimatum lapses on...
Oil marketers on Saturday said they did not reach any agreement with Federal Government on the N800 billion subsidy arrears, saying their ultimatum to cease depots operations on Monday remained unchanged.
For their inability to service their huge debts, Deposit Money Banks (DMBs) have taken over the assets of some defaulting oil marketers.
Oil marketers on Sunday appealed to the federal government to effect quick payment of their outstanding N800 billion subsidy debts.
Oil marketers and the Organised Private Sector (OPS) on Sunday, canvassed for two regulatory bodies to regulate the oil industry under the Petroleum Industry Governance Bill [PIGB] currently before the National Assembly.
Oil marketers have commenced a reduction of their workforce due to their inability to pay staff salaries, the News Agency of Nigeria (NAN) reports.
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has called off its 14-day ultimatum earlier given to the Federal Government over N650 billion debt owed its members.
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has told the Federal Government to “think outside the box,” to end the persistent fuel scarcity in Nigeria.
Munat Bello Zagi, the Ogun State Operations Controller, Department of Petroleum Resources (DPR), has said that in the last five weeks, the department sanctioned over 30 filling stations for violating various rules of petroleum marketing in the country which has contributed to fuel scarcity in the state.
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on Tuesday gave the the Federal Government a 14-day ultimatum to settle a N650 billion debt owed its members.
Ekiti State governor, Kayode Fayemi, at the weekend said his administration would soon begin the reconstruction of Ado township roads many of which have become deplorable as a result of lack of maintenance in the last four years.
The All Progressives Congress (APC) in Ogun State, has described the victory of the state governor, Dapo Abiodun, at the Appeal Court as a true reflection of the overwhelming wishes of Ogun people, freely expressed in the March 9 governorship election.
A local radio station that has been involved in the fight against Ebola in eastern DR Congo said Monday it was closing down after one of its broadcasters was murdered.
Coalition for Development and Democracy in Bayelsa (CDDB), a Non-Governmental Organisation, has admonished political parties to refrain from violence or monetary inducement in the Nov. 16 governorship election in the state.
The First Lady, Aisha Buhari, has challenged parents to take charge of their families by ensuring good moral upbringing of children so as to minimise crime in the society.
Super Eagles and LOSC Lille forward Victor Osimhen has revealed that the barrage of criticisms that he received whilst at German Bundesliga side Wolfsburg motivated him to improve his game.
Kwara State Governor AbdulRahman AbdulRazaq has visited Olunlade/Idiogede communities, where he assured residents that his administration would immediately fix the flooding problem in the area.
A 30-year-old Nigerian identified simply as Samuel has been arrested in Bengaluru, India after he stabbed a 39-year-old fellow Nigerian Morado to death to avenge a spat that occurred between them over a missing tiffin or lunch box.
South Koreans overwhelmingly oppose U.S. President Donald Trump's demand that Seoul pay more for the cost of the U.S. military presence, but remain broadly optimistic about the future of the U.S.-South Korea alliance, according to a new poll.
Elder statesman, Emmanuel Iwuanyanwu, has said that the Igbo nation does not hate President Muhammadu Buhari as portrayed but merely seek to be treated fairly in the country they call their own.