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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.
A witness invited by the petitioners before the Presidential Election Petition Tribunal (PEPT) has disagreed with the results of the last presidential election in Katsina State as claimed by the Peoples Democratic Party (PDP) and its candidate in the last presidential election, Atiku Abubakar.
Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.
The Kaduna State House of Assembly has began deliberations on the N81.68 billion supplementary budget forwarded to it by Gov. Nasiru El-Rufai.
The Nigerian Air Force (NAF) has appointed new Branch Chiefs, redeployed two Air Officers Commanding (AOCs) and other senior officers.
The Mexican drug kingpin Joaquin “El Chapo” Guzman has been sentenced to life behind bars in a U.S. prison, a humbling end for a drug lord once notorious for his ability to kill, bribe or tunnel his way out of trouble.
The National Emergency Management Agency (NEMA) says 14 persons have so far died and four others severely injured in the collapsed three-storey building at Delimi Community of Jos North Local Government Area of Plateau.
Apostle Johnson Suleiman, the senior pastor and general overseer of Omega Fire Ministries International, has described the inscription of herdsmen in the new Nigeria passport as a shameful act.
The Court of Appeal in Abuja has declared the detention of former National Security Adviser (NSA), Colonel Sambo Dasuki, by the Department of State Security Service (DSS) as illegal, unlawful and unconstitutional and ordered his release on conditional bail.
Juventus have joined Manchester City and Inter in the battle to sign Dani Alves as a free agent.
President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, has said that the Congress has not issued any strike notice over the implementation of the new national minimum wage by the government.