Home Topics MOMAN
Nigerian National Petroleum Corporation says that the ex-depot price of Premium Motor Spirit, also known as petrol, remains N133.28 per litre.
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.
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 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
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
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.
The Federal Government says it has reached an agreement with petroleum marketers on the settlement of their outstanding claims.
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.
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.
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.
Lawrence Okolie successfully defended his World Boxing Association (WBA) Continental and British Cruiser-weight title, scoring a seventh round knockout victory over Mariano Angel Gudino on Saturday at the O2 Arena in London.
Hackers have successfully targeted FSB—Russia’s Federal Security Service and managed to steal 7.5 terabytes of data from a major contractor, exposing secret FSB projects.
Mario Gotze has held discussions with Borussia Dortmund about extending his contract but revealed he is open to a move abroad, amid reported interest from Arsenal.
Antoine Griezmann airs Alexandre Lacazette transfer wish while reflecting on Manchester United ‘possibility’
Antoine Griezmann admits that a move to Manchester United was “a possibility” at one stage, while the Barcelona new boy has reiterated his desire to play alongside Alexandre Lacazette at club level.
Jasper Cillessen had grown tired of sitting on the bench at Barcelona and does not view his move to Valencia as a backward step.
Jurgen Klopp opted to take the positives out of Liverpool's first pre-season match in the United States after the Reds fell to a 3-2 defeat to Borussia Dortmund in Indiana.
Gombe State Governor Muhammadu Inuwa Yahaya has revealed plans by the state government to plant one million trees in response to the growing desertification in the state.
Prof. Ezionye Eboh, Rector, Abia State Polytechnic, says the institution will start publishing students’ results online from next session, to curtail students’ excesses.
The police in Italy have arrested 19 suspected members of a Nigerian mob over mafia activities in an operation called “Burning Flame,” coordinated in the Italian cities of Bologna and Turin.
An Army Colonel, a Captain with his four escorts and a driver were killed Thursday killed by rampaging Boko Haram insurgents between Mainok and Jakana along Damaturu/Maiduguri highway.