Home Topics MOMAN

MOMAN

FSDH: Fuel subsidy unsustainable

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 Department of Petroleum Resources (DPR) has sealed 30 fillings stations in Cross River for selling petrol above the approved price of N145 per litre and other offences.

DPR seals 55 petrol stations in Port-Hacourt

The Department of Petroleum Resources (DPR) on Tuesday said it had sealed no fewer than 55 petrol stations in Port-Harcourt and environs in the last six weeks for various offences.
Nigerian National Petroleum Corporation (NNPC)

NNPC insists depot price of petrol remains N133.28 per litre

Nigerian National Petroleum Corporation says that the ex-depot price of Premium Motor Spirit, also known as petrol, remains N133.28 per litre.

Major marketers reiterate support for federal government’s petroleum industry policies

The Major Oil Marketers Association of Nigeria (MOMAN) says the association will support Federal Government’s petroleum industry policies including the policy on deregulation.

Subsidy debt: Oil marketers get first tranche of N236 billion

Oil marketers yesterday confirmed receipt of N236 billion being first tranche payment of the outstanding N800 billion subsidy debt owed its members.
Nigerian National Petroleum Corporation (NNPC)

NNPC urges Nigerians to avoid panic buying

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.

PENGASSAN, NUPENG wade into federal government, marketers’ N800 billion subsidy rift

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
Henry Ikem-Obih

NNPC fast-tracks agreements with bulk purchase marketers

Nigerian National Petroleum Corporation (NNPC) fast-tracks agreements with bulk purchase marketers in Nigeria
Henry Ikem-Obih

Oil marketers to get N236 billion subsidy claims by Friday

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: Federal government to pay oil marketers Friday

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.

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.
Zainab Ahmed

Federal government, petroleum marketers ‘reach agreement’ on unpaid claims

The Federal Government says it has reached an agreement with petroleum marketers on the settlement of their outstanding claims.

IPMAN: We will not join planned strike

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that it would not be a party to the planned strike by other oil marketers.
Oil marketers have given the Federal Government an ultimatum, threatening to shut down depots across the country.

Oil marketers threaten to shut down depots over unpaid subsidy

Oil marketers have given the Federal Government an ultimatum, threatening to shut down depots across the country.

Fuel scarcity looms as marketers give federal government seven-day ultimatum

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.

Petroleum marketers urged to regulate products volumes to border communities

To stem cross border leakages and forestall attendant products price hikes, Managing Director of the Petroleum Products Marketing Company (PPMC), Mr. Umar Ajiya, has enjoined Major Marketers Association of Nigeria (MOMAN) to regulate the volumes of petroleum products dispatched to their members’ affiliate stations close to the country’s borders.

DMO, oil marketers to meet over payment of subsidy arrears

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.’

N800 billion subsidy debt: Banks take over assets of oil marketers

For their inability to service their huge debts, Deposit Money Banks (DMBs) have taken over the assets of some defaulting oil marketers.

Recent Stories

William Troost-Ekong

Williams Troost-Ekong: I’m enjoying the competition in Super Eagles camp

Udinese defender William Troost-Ekong says he is enjoying the competition in the Super Eagles camp, ahead of other challenges in his club.

Police recruitment: Court adjourns for PSC to respond to AGF’s application

The Federal High Court, Abuja, on Wednesday, adjourned till November 20 for the Police Service Commission to respond to the Attorney-General of the Federation’s counter-affidavit in a suit to stop the recruitment of 10, 000 police officers.
Russia's Embassy to Washington says it has lodged a formal diplomatic protest after Israel extradited a Russian national to the United States, where he is suspected of stealing more than $20 million from U.S. consumers through credit card fraud.

Moscow accuses US of ‘hunting’ Russians after Israel extradites suspect

Russia's Embassy to Washington says it has lodged a formal diplomatic protest after Israel extradited a Russian national to the United States, where he is suspected of stealing more than $20 million from U.S. consumers through credit card fraud.
Evo Morales, who resigned as Bolivia’s president Sunday after losing the support of the army and police, has said there is now a warrant for his arrest.

Evo Morales’s topsy-turvy flight into exile

Bolivian ex-president Evo Morales jetted off to exile in Mexico Tuesday in a bizarre flight full of detours that traced the shifting political map of a Latin America racked by crises.
The Federal High Court, Abuja, on Thursday, held that the Independent National Electoral Commission (INEC) was wrong to have excluded candidate of the Social Democratic Party (SDP), Mrs Natasha Akpoti, in the Nov. 16 governorship election in Kogi.

Kogi guber: APC accuses SDP candidate of faking attack on her

The All Progressives Congress (APC) in Kogi State has accused the governorship candidate of the Social Democratic Party (SDP), Natasha Akpoti, of faking the reported attack on her on Tuesday in Lokoja.