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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It was the first time the Russian, whose only previous professional loss was a points defeat by Wladimir Klitschko, had been stopped in the paid ranks.
Former Manchester City and Fulham midfielder Dickson Etuhu has been charged with bribery for alleged match fixing in Sweden.
Alhaji Fatai Akinbade, the governorship candidate of the African Democratic Congress (ADC) in the Osun election, says voting-buying has negatively affected the exercise.
The Peoples’ Democratic Party in Kaduna State on Saturday says it has no favoured aspirant among those seeking to get the party’s ticket for the 2019 governorship election.
The Nigeria Police Force has confirmed the arrest of three suspected vote buyers and sellers at the ongoing Osun State governorship election.
The Europa League group stage begins on Thursday, with the likes of Arsenal, Chelsea, AC Milan and Sevilla among the leading sides hoping to negotiate a marathon competition all the way to the final in Baku in May.
The death toll in Zimbabwe’s cholera outbreak has risen to 28, state media said Sunday, as the health minister announced new antibiotics were being used after the disease strain was found to be resistant to some drugs.
A member of the Russian punk band Pussy Riot was flown to a Berlin hospital overnight after a suspected poisoning, with his estranged wife saying Sunday it may have been attempted murder.
Florentino Perez has revealed Real Madrid did not want to sell Cristiano Ronaldo but had to "open the door" for his departure after the player asked to leave.
Two women died and sixteen other mainly Iraqi migrants, including eight children, were rescued on Monday after their boat capsized off the southwestern Turkish coast, the coastguard said.