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Major Oil Marketers Association of Nigeria
The Federal Road Safety Corps (FRSC) says Nigeria lost over N39 billion to tanker and trailer-related road crashes in 2018.
The Chief Executive officer of FSDH Merchant Bank Limited, Hamda Ambah, has said the government must provide palliative measures for the masses to guarantee the success of the deregulation of the downstream oil and gas sector, which will lead to the removal of fuel subsidy.
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.
President Muhammadu Buhari has threatened that henceforth the Federal Government might be forced to re-allocate projects elsewhere if any state government or communities create unnecessary impediments in the allocation of land or access to such lands for federal projects.
President Muhammadu Buhari on Saturday commended the Nigeria police for the discovery of what he described as “child-theft racket in Kano State” and “fake correctional centers in Kaduna and Katsina states”, saying he does not support criminality, abduction, child theft, and torture chambers.
Rafael Nadal married his partner of 14 years, Xisca Perello, at a castle in Mallorca on Saturday.
Governor Seyi Makinde of Oyo State says his administration would soon recruit more teachers to enhance quality education delivery in public schools across the state.
Ole Gunnar Solskjaer is reportedly prepared to resign as Manchester United manager if he cannot overturn the club’s recent poor form.
The Nigerian Stock Exchange (NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a coupon rate of 14.50 per cent on June 13, 2019 and is due to mature on June 13, 2026.
Basketball superstar LeBron James was accused of turning a blind eye to Chinese repression on Tuesday after he criticized a Houston Rockets executive for angering China with a “misinformed” tweet supporting protesters in Hong Kong.
Nigeria international midfielder Sunday Mba is keen to find a route back into football following an inactive two years.
Super Eagles’ Chief Coach Gernot Rohr has thrown his weight behind Fortuna Dusseldorf’ Club of Germany’s goalkeeper Maduka Okoye to excel in Eagles’ colours in the absence of injured Eagles’ first-choice goalkeeper Francis Uzoho.
Last week, the Nigeria’s senate majority leader reintroduced anti-sexual harassment legislation to parliament, following a serious exposé by the BBC of a sex for grades scandal at the University of Lagos.