Home Topics Olufemi Adewole
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.
Oil marketers and the Organised Private Sector (OPS) on Sunday, canvassed for two regulatory bodies to regulate the oil industry under the Petroleum Industry Governance Bill [PIGB] currently before the National Assembly.
Oil marketers have commenced a reduction of their workforce due to their inability to pay staff salaries, the News Agency of Nigeria (NAN) reports.
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has called off its 14-day ultimatum earlier given to the Federal Government over N650 billion debt owed its members.
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on Tuesday gave the the Federal Government a 14-day ultimatum to settle a N650 billion debt owed its members.
The Nigerian National Petroleum Corporation (NNPC) on Sunday said that it had released 250 trucks of petrol to Lagos metropolis for effective dispensing at filling stations to forestall any scarcity.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA) have called for the total deregulation of the downstream sub-sector of the country’s oil and gas industry.
As part of measures to ensure fuel queues disappear, monitoring teams of the Petroleum Product Pricing Regulatory Agency (PPPRA) and the Department of Petroleum Resources (DPR), yesterday, visited some filling stations to ensure compliance with government’s directives on the sale of petrol.
The Senate is set for a showdown with the Federal Government over the alleged payment of N26 per litre to subsidise the pump price of Premium Motor Spirit, also known as petrol.
The Depot and Petroleum Products Marketers Association (DAPPMA) on Thursday said that its members paid over N90 billion for over a month and were yet to get allocation for cargo of fuel from the Nigerian National Petroleum Corporation (NNPC)/Petroleum Product Marketing Company (PPMC).
As fuel queues grew shorter at some filling stations in Lagos on Tuesday, oil marketers under the aegis of the Depot and Petroleum Products Marketers Association said they did not have Premium Motor Spirit in their tanks.
Against the latest round of fuel scarcity rocking many parts of the country, private oil marketers are calling for government intervention to enable them to access foreign exchange at a special rate for the importation of Premium Motor Spirit (petrol).
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Andy Murray offered encouragement that he could be ready to compete at Wimbledon as the former world number one beat Stan Wawrinka 6-1, 6-3 at Eastbourne on Monday.
The head of the National Human Rights Commission, Mr. Tony Ojukwu, said on Monday that the unabated killings in some parts of the country particularly in Benue and Plateau States could be the handiwork of Boko Haram and not herdsmen as being speculated.
The Nigerian Meteorological Agency (NiMet) has predicted prospects of thunderstorms and rains over the central states such as Bida, Mambila Plateau, Makurdi, Minna, Ilorin and Lafia axis on Tuesday morning.
Activities on the Nigerian Stock Exchange on Monday reversed the six-consecutive days downward movement with important market indices appreciating by 0.34 per cent.
The National Assembly says it is collaborating with the Prisons Rehabilitation and Welfare Action, a Non-Governmental Organisation to curb the challenges bedeviling the Nigeria Prisons Service.
The chairman of the All Progressives Congress National Convention Committee, Alhaji Abubakar Badaru, has announced the results of the elections into national offices which began on Saturday and ended in the early hours of Sunday.
A breakdown of the figure shows that 12 Justices were approved for the Court of Appeal, 9 for Federal High Court and 7 for FCT High Court.
Iceland winger Johann Berg Gudmundsson is very unlikely to recover from injury in time to play in the World Cup Group D game against Nigeria on Friday, his coach Heimir Hallgrimsson said.
Ahead of the National Convention of the All Progressive Congress (APC) slated for Saturday, another chairmanship aspirant, Prof. Osarhiemen Osunbor, has withdrawn from the race.
Colombia coach Jose Pekerman has tipped Radamel Falcao for more success after the joy of seeing his star striker bag his maiden World Cup goal in a 3-0 win over Poland on Sunday.