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Major Oil Marketers Association of Nigeria
The Major Oil Marketers Association of Nigeria (MOMAN) says the association will support Federal Government’s petroleum industry policies including the policy on deregulation.
Oil marketers yesterday confirmed receipt of N236 billion being first tranche payment of the outstanding N800 billion subsidy debt owed its members.
PENGASSAN and NUPENG call for quick resolution of ongoing rift over unpaid fuel subsidy claims before it snowballs into huge crisis that will plunge Nigeria into catastrophic economic mess
Ikem-Obih, said that while this first tranche will be paid, the balance of the subsidy debt will be cleared by the government in 2019 and 2020, after meeting with the marketers again.
The Federal Government says it has reached an agreement with petroleum marketers on the settlement of their outstanding claims.
A financial expert, Tony Edeh, has urged the Federal Government to resolve issues with oil marketers to ensure availability of fuel during the Yuletide.
Oil marketers have given the Federal Government an ultimatum, threatening to shut down depots across the country.
Oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA), and the Independent Petroleum Products Importers (IPPIs) on Sunday gave the Federal Government seven days to settle the N800 billion subsidy debt owed them under the Petroleum Support Fund.
Oil marketers on Sunday in Lagos issued a seven-day ultimatum, demanding that the Federal Government settle the outstanding debts totalling N800 billion, failing which depots would cease operation across the country.
The meeting, which is at the instance of the DMO is designed to provide an opportunity for the debt management agency to explain the process for the issuance of promissory notes to settle outstanding arrears due to the marketers as well as provide a ‘Status Report.’
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.
Bothered by the risk tendencies in petroleum products movement across the country, oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), have decided to minimise cases of accidents on road networks and promote efficient transportation of products.
The Federal Government will, on Monday, hold Stakeholders’ Summit on Haulage Transportation in Nigeria, to deliberate on how to tackle recent rising cases in road traffic crashes involving tankers/trailers in the country with the attendant loss of human and material resources.
Oil marketers have appealed to the Federal Government to pay them over N650 billion subsidy arrears to reverse the gale of retrenchment sweeping across the sector and sustain their operations.
The Department of Petroleum Resources (DPR) in Cross River, on Wednesday in Calabar, threatened to shut down filling stations in the state without registered operating licence.
A final year student of the Cross River State University of Technology (CRUTECH) was brutally killed on Monday morning.
The Delta State chapter of the All Progressives Congress (APC) Monday mocked a leader of the party in the state, Olorogun O’tega Emerhor, following failed court cases he filed against the party through an executive faction led by Cyril Ogodo.
Facebook will not launch the cryptocurrency Libra until it has “fully addressed regulatory concerns,” according to David Marcus, the head of Facebook’s Calibra. The remarks are prepared testimony he plans to give tomorrow, in front of the US Senate Banking Committee.
A graduate of Insurance from the Polytechnic, Ibadan, Oyaremi Olabode, was on Monday convicted of criminal impersonation and sentenced to four months in prison.
Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said that the 9th National Assembly would give special budgetary attention to the three Senatorial Districts of Zamfara State in order to resolve the issue of insecurity.
Ajayi who is the Managing Director, Nordica Fertility Centre, said there is no pinpoint factor that can be blamed for male factor infertility but lots points to lifestyle factor, which he said is within ones control.
The Executive Vice Chairman of the Nigerian Communication Commission (NCC), Professor Umar Danbatta, has declared in Kano,that the issue of Cyber Crime in the country would soon come to an end,as punitive measures are been put in place to checkmate the trend.
Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has condemned and distance itself from the killing of Mrs Funke Olakunrin, daughter of the leader of Afenifere, Pa Reuben Fasoranti.
The North East Zonal Office of the Economic and Financial Crimes Commission (EFCC) in Gombe says it has secured 55 convictions and recovered over N90 million in six months.
Nigeria plans to limit daily bank placements with the central bank and the interest paid on them, in an effort to boost credit in Africa’s biggest economy.