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Tag: oil marketers
Top 5 Stories Of The Day | Wale Edun Assures that Nigeria has Saved ₦20 Billion from Tinubu’s Policies
Wale Edun assures that Nigeria has saved ₦20 billion from Tinubu's policies Dangote Refinery signs agreement to provide 28 million litres of petrol daily to oil marketers Presidency allegedly pushes…
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Top 5 Stories Of The Day | Oil Marketers Claim Dangote’s ₦950/litre Fuel Might Justify More Importation
Oil Marketers claim Dangote's ₦950/litre fuel might justify more importation Tinubu announces Disaster Relief Fund for Borno flood victims Inflation reduces for the second month in a row jAMB works…
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Top 5 Stories Of The Day | NEMA Opens Up IDP Camps Around Borno as 1 Million People were Affected by the Flood
NEMA opens up IDP camps around Borno as 1 million people were affected by the flood Oil marketers and refiners request complete subsidy removal Mpox outbreak: the virus spreads to…
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Chatham House extends an invitation to Peter Obi; We may adjust cash withdrawal limits, but the policy will not be changed – Emefiele | 5 Things That Should Matter Today
Chatham House extends an invitation to Peter ObiDSS orders NNPC and oil marketers two days to resolve fuel scarcityPeter Obi storms Shiloh, Bishop Oyedepo tells what Nigeria needsWe may adjust…
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Should Nigerian oil marketers be punished for hoarding fuel in Corona times?
Last week, the federal government announced, in line with crashing oil prices, that it was lowering the financial peg for fuel prices in the country by N20, bringing it down…
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Fuel marketers confirm receipt of N236bn promissory notes
Petroleum products marketers Monday, have confirmed that they have started collecting the N236 billion promissory notes for their outstanding subsidy debts. The Executive Secretary, Depot and Petroleum Products Marketers Association…
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Senate blames both NNPC and oil marketers for the fuel crisis
The Nigerian Senate Committee on Petroleum Downstream has blamed the Nigeria National Petroleum Corporation (NNPC) and marketers for the ongoing fuel crisis plaguing the country. The Committee Chairman, Kabiru Marafa,…
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Fuel scarcity caused by oil marketers | NNPC insists
The Nigerian National Petroleum Corporation (NNPC) has insisted that the fuel scarcity experienced in the country was caused by oil marketers. Background: Oil marketers in a statement had said the…
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We paid NNPC N90bn for fuel but received nothing – Oil marketers
The Depot and Petroleum Products Marketers Association on Thursday said its members paid over N90bn for petrol supply but had yet to receive any cargo from the Petroleum Products Marketing Company,…
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The Big 5: PDP’s vow, marketers assurance to Nigerians and, other top stories
These are the stories you should be monitoring today. Having got landslide victory in Ekiti, the People's Democratic Party (PDP), has vowed to take back its original states and the…
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Marketers react to NNPC’s claims of reduction in price of fuel
The Nigerian National Petroleum Corporation (NNPC) had on Sunday stated that its sustained intervention in the efficient supply and distribution of petroleum products had led to a significant fall in…
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CBN releases additional $250m for airlines, oil marketers, others
by Dolapo Adelana The Central Bank of Nigeria on Wednesday released additional $250m on seven to 30-day forwards for agriculture, airlines, petroleum products and raw materials. The apex bank's Acting…
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Oil importers, banks defrauded the govt – Buhari
President Muhammadu Buhari has said oil importers colluded with banks over the years to defraud the government. Buhari said this while speaking about the oil subsidy and corruption during an interactive…
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Opinion: What rubbish subsidy removal?
ny Stanley Ilechukwu I’ve been listening to all the arguments for and against the “subsidy removal”of the Buhari led government and it’s just hilarious. From that of the current government,…
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Get ready for another round of fuel scarcity
Nigerians should be set to witness another round of fuel scarcity as some sea vessels are stuck on the coast of Nigeria, unable to unload the products they are carrying…
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Opinion: The economics of this subsidy removal of a thing
In January 2012, hundreds, maybe even thousands of people thronged designated spots in the major cities of Nigeria to protest President Goodluck Jonathan’s abolition of fuel subsidies. At the time,…
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Fuel Scarcity: Nigerians are paying for Jonathan’s sins – Lai Mohammed
The Minister of Information and Culture, Lai Mohammed has said that the immediate past government of Goodluck Jonathan, oil marketers and vandals should be blamed for the recurring fuel scarcity…
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Guru Maharajji has a request to make of Buhari
The founder of One Love Family sect, Satguru Maharajji, wants President Muhammadu Buhari to chase away the bad eggs in the society. Maharajji, says that Nigerians should not be living…
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FG pays $800million to marketers to end crisis
by Ranti Joseph Apparently, oil marketers didn’t just agree to call off the strike, the Federal government had to step into the matter and they reached a consensus, which oil…
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BREAKING: Oil marketers reach agreement with Federal Government to end fuel scarcity
by Kolapo Olapoju According to a report by The Cable, an agreement to begin lifting petroleum products has been reached between Major Oil Marketers Association of Nigeria (MOMAN) and the Federal…
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Opinion: Dear NNPC, please bring back our refineries
by Solomon Ben Olonade The big question is simple: Should Nigerian refineries translate now from public to private ownership? Most true Nigerians will argue that the right principle for…
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CBN, NNPC clash over alleged diversion of $49.8bn
by Akintomiwa Agbaje The failure of the Nigerian National Petroleum Corporation (NNPC) to remit $49.8bn (about N8tn) oil proceeds to the Federation Account of the Central Bank of Nigeria (CBN)…
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Fuel scarcity threats as FG owes independent oil marketers N100 billion
by Chi Ibe (Photo: thenigerianreporter) There are fears that another nationwide fuel scarcity is around the corner following reports that the Federal Government owes huge fuel subsidy dues allegedly to…
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No more: Banks suspend loans to oil marketers
Ebere Agina Despite the accelerated payment of outstanding subsidy claims to oil marketing and trading companies, to enable them offset their indebtedness to the banks and access fresh credit facilities…
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