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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.

We’re yet to be paid N800 billion subsidy – petrol marketers

Oil marketers on Sunday appealed to the federal government to effect quick payment of their outstanding N800 billion subsidy debts.
Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote (left); Senator Ita Giwa; King of Ochia Autonomous Community, Eze Ekwueme Ekwueme; Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu; Refinery Project Manager for Lambert, Mr. Mohamad Chit; Chief Operating Officer,Gas & Power, Nigerian National Petroleum Corporation Saidu Mohammed, and Chairman/CEO, WalterSmith Petroman Oil Limited Mr. Abdulrazaq Isa, during the ground-breaking ceremony of 5,000 barrels per day WalterSmith’s modular refinery at Ibigwe, Ohaji Egbema, Imo state .

Oil marketers to address petroleum downstream accidents

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.

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