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Marketers
November 28, 2022
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NNPC petrol price without subsidy is N400/litre – Marketers explain the reason for fuel scarcity

If there is no subsidy, it has been learned that the Nigerian National Petroleum Company Limited can supply Premium Motor Spirit, also known as gasoline, to marketers for as little as N400 per litre. Oil marketers, who disclosed the information on Sunday, provided additional justifications for the ongoing petrol shortage that had resulted in the... Read More
Deep Dive
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Christmas
December 27, 2017
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NNPC, marketers need to stop accusing each other over fuel scarcity

The Nigerian National Petroleum Corporation (NNPC) has said the claim by Depot and Petroleum Products Marketers Association (DAPPMA) that it was not supplied fuel is false. Background: Fuel marketers had claimed that their deports are empty, denying that they are not hoarding fuel. They claimed that the fuel scarcity was caused by the inability of the... Read More
The News Blog
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December 26, 2017
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Our depots are empty…we are not hoarding fuel – Marketers

The Depot and Petroleum Products Marketers Association (DAPPMA) on Tuesday said their depots are empty, stating that the Nigerian National Petroleum Corporation (NNPC)  has unable to send fuel to its depots. DAPPMA’s Executive Secretary, Olufemi Adewole, in a statement said the NNPC can help alleviate the sufferings of Nigerians. “Our members’ depots are presently empty. However,... Read More
The News Blog
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September 30, 2016
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Kerosene should be sold for N150 per litre, NNPC tells markerters

The Nigerian National Petroleum Corporation (NNPC) has urged all marketers of petroleum products not to sell kerosene beyond N150 per litre. The Group Managing Director of the NNPC, Dr. Maikanti Baru made remark during a courtesy visit to the Governor of Ogun State, Senator Ibikunle Amosun in Abeokuta this week. The Group General Manager, Group Public Affairs... Read More
The News Blog
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September 6, 2016
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Relax Nigerians, ‘NNPC has no plans of increasing price of fuel’

The Federal Government has insisted that the price of Premium Motor Spirit (PMS) will not be increased. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, said there was no immediate plan to increase the pump price of petrol. Kachikwu... Read More
Featured, The News Blog
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May 27, 2016
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Enough is Enough: President Buhari, where are we going?

‘Every generation must out of relative obscurity, discover its mission, fulfill it, or betray it.’ – Frantz Fanon In January 2012, citizens from all walks of life were part of the #OccupyNigeria movement asking government to cut institutional waste; prosecute those responsible from driving our subsidy payments from N219.72 billion in 2006 to N1.9 trillion... Read More
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May 24, 2016
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In a couple of days, plenty of petrol will arrive Nigeria

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured that in about 2 days, 10 vessels carrying petrol will arrive the country from the ports despite the scarcity of foreign exchange in the country. IPMAN is not feeling the effects of the scarcity of forex in the country because it gets it credit line... Read More
The News Blog
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May 21, 2016
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Oil marketers demand forex from govt, else…

Following the payment of a total of N48.2 billion as arrears of outstanding 2015 subsidy claims to oil marketers, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has asked the government to make foreign exchange available so they can import fuel. The marketers made their request in a meeting which was chaired by the Minister... Read More
Featured, The News Blog
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May 16, 2016
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Opinion: Feyi Fawehinmi reviews Buhari’s one year of handling the economy

by Feyi Fawehinmi *This is the third of a 3-part series Let us first set out the marking scheme. Anti-corruption carries 15 marks. Security carries 15 marks. The Economy carries 70 marks. To pass this exam, you must score 40 marks at least. Yes, because a bad economy cannot reduce corruption or insecurity — it must necessarily... Read More
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May 4, 2016
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Nigeria to overcome fuel scarcity as marketers get access to forex

It appears that a temporary end to the continued scarcity of petrol across the nation is around the corner. The Independent Petroleum Marketers Association of Nigeria, has declared that access to foreign exchange has been granted for the importation of petroleum products. With the access, it relatively means that the marketers would be able to... Read More
The News Blog
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December 27, 2015
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THE YNAIJA TRACKLIST: Boko Haram ‘technically’ strikes Borno | Inside Putin’s family secrets | Media hates Trump’s voters | More stories

Ben Bruce says overseas ban of Naira debit card is a wrong move. Vanguard  Military treated Buhari badly under PDP. Punch Boko Haram strike again This Day Marketers agree to sell petrol at N85. Punch Owie tells Buhari to release Kanu. Vanguard #DasukiGate: Ex-PDP chairman, Mohammed, son arraigned by EFCC. Punch Zaria residents beg FG to... Read More
Featured, The News Blog
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June 6, 2015
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Fuel scarcity may end soon as FG, marketers reach agreement

The fuel scarcity crisis may finally have a solution as the Federal Government and petrol marketers have agreed to end Nigeria’s fuel scarcity problem before or by next week Saturday. A meeting was attended on Friday, June 5, by stakeholders from the Major Oil Marketers Association of Nigeria (MOMAN), Independent Petroleum Marketers Association of Nigeria, Depot and Petroleum Products... Read More
The News Blog
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March 5, 2014
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Good news: 74 million litres of fuel arrive Lagos port

by ‘Jola Sotubo Relief might be in sight for commuters and indeed all residents of Lagos as the fuel scarcity currently plaguing the state might be nearing its end. Marketers of fuel in Lagos have said that they have taken delivery of about 74 million litres of Premium Motor Spirit (PMS) at their depots in... Read More
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March 4, 2014
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It’s about time: Why there is scarcity of fuel – Marketers explain

by ‘Jola Sotubo Nigerians around the country are currently groaning under the weight of the fuel scarcity being experienced in a number of states. The Nigerian National Petroleum Corporation (NNPC) has blamed the lack of fuel on marketers whose hoarding they claim has caused an artificial scarcity. However, the marketers have defended themselves saying that... Read More
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August 23, 2012
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Planned strike: “NUPENG is anti-Nigerians” – Okonjo-Iweala

by Isi Esene The co-ordinating minister for the Economy and minister of Finance, Dr. Ngozi Okonjo-Iweala has described the planned nationwide strike by members of the National Union of Petroleum and Natural Gas Workers (NUPENG) as anti-people. The union is insisting that the government must pay subsidy funds to verified marketers by Friday or it... Read More
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August 18, 2012
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Promise fulfilled: Okonjo-Iweala releases list of indicted oil marketers

by Stanley Azuakola Minister of Finance and co-ordinating minister for the Economy, Dr. Ngozi Okonjo-Iweala has released a list with 21 firms which were indicted by the Presidential Committee on Fuel Subsidy Payments which was headed by Mr. Aigboje Aig-Imokhuede, managing director and chief executive officer of Access Bank Plc. On Wednesday, in a meeting... Read More
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August 18, 2012
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Major oil marketers accused of being behind planned fuel strike

by Akan Ido The Federal Government has revealed that the fuel scarcity currently being experienced by residents of Abuja, is caused by several companies found to have been involved in the fuel subsidy saga. According to the minister of Finance, Mrs. Ngozi Okonjo-Iweala, Conoil, which is owned by Mr. Mike Adenuga, and other companies such... Read More
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August 16, 2012
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We will not succumb to blackmail – FG tells indicted marketers

by Stanley Azuakola Nigerians, especially residents of the nation’s capital Abuja, woke up on Wednesday to the realization that fuel had become scarce. Valuable man-hours were lost as queues returned to the petrol filling stations. Everyone took notice, and the Federal government realized that it had some explaining to do. So explain they did, as... Read More
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