Palliathieves: Nigerians react to hike in electricity tariff and new petrol price | #YNaijaCover

The Petroleum Products Marketing Company (PPMC) has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N151.56 per litre from N138.62 per litre. The PPMC is a subsidiary of the Nigerian National Petroleum Corporation, NNPC, and currently imports almost all of Nigeria’s petrol. According to an internal memo made available to marketers... Read More

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July 26, 2017

EFCC recovers N329bn from Oil Marketers

The Economic and Financial Crimes Commission (EFCC), Kano Office, has recovered a sum of N328,988,296,990.62 from nine major oil marketers across the country. The recovery, according to a statement by Wilson Uwujaren, the Head, Media and Publicity dated July 26, 2017, was the sequel to a petition against the leadership of Nigeria National Petroleum Corporation... Read More

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EFCC, Kano EFCC, N329bn, nnpc, ppmc

March 4, 2017

Fuel scarcity looms in Southwest

by Dolapo Adelana The Independent Petroleum Marketers Association of Nigeria (IPMAN), says of the Nigerian National Petroleum Corporation (NNPC) may lead to fuel scarcity in six states. The association also urged the presidency, National Assembly and petroleum resources minister to stop the NNPC from collecting unwarranted levies from its members “to ensure industrial harmony and save... Read More

The News Blog

fuel scarcity, IPMAN, national assembly, nnpc, ppmc

September 12, 2016

How NNPC, Tinubu, Adenuga, Otedola, Ubah, others owe Nigerian govt N86bn

The federal government is being owed at least N86.4 billion as at July 21, 2016 by marketers of petroleum products, according to Premium Times. The major culprits are members of the Major Oil Marketers Association of Nigeria (MOMAN) and the NNPC Retail (mega filling stations). The debts owed by the marketers are for products allocated to the... Read More

The News Blog

Capital Oil, Conoil, Femi Otedola, Forte Oil, Ifeanyi Ubah, mike adenuga, nnpc, Oando PLC, ppmc, Wale Tinubu

March 5, 2016

Fuel scarcity: PPMC moves to end petrol station queues

The Pipelines and Products Marketing Company, which has been accused of incompetence and corruption, has revealed that measures are already in place to end the prevalent fuel scarcity in the country. The PPMC said on Friday night, that it would be dispatching 31 trucks each with 60,000 litres of fuel to Abuja with another 25... Read More

The News Blog

fuel scarcity, petrol station, ppmc

March 4, 2016

How ‘corruption in PPMC’ is causing fuel scarcity in Nigeria [DETAILS]

In recent weeks, Nigerians have seen an increase in the prices of petroleum products, as well as queues at fuel stations across the country. Nigerians are heavily dependent on fuel for the different socio-economic activities they carry out daily, hence the harsh suffering the scarcity has inflicted on the populace. While the Nigerian National Petroleum... Read More

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corruption, fuel scarcity, nnpc, ppmc

November 29, 2015

Oil marketers reveal how Buhari can end fuel scarcity

Marketers have revealed to the government how to put an end to the snake-like queues for petrol, that Nigerians all across the nation, are currently bedeviled with. The fuel scarcity in the nation would end if the government decentralizes the distribution of the products, marketers have said. The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Sunday,... Read More

Buhari, fuel scarcity, Oil and Gas, Petroleum, ppmc

February 19, 2014

Opinion: How corruption among the ruling class destroyed businesses in Nigeria

by Jibrin Ibrahim The Ministry of Finance that is overseeing the inter-agency reconciliation process is of the view that $10.8 billion is the sum yet to be reconciled. It was the chairman of Virgin Group, Richard Branson who used the adjective insane to describe the Nigerian ruling class and its technocracy. He was explaining the... Read More

corruption, Jibrin Ibrahim, Ministry of Finance, nnpoc, old china, opinion, petroleum industry bill, ppmc, Sani Abacha, yar'dua, ynaija

Palliathieves: Nigerians react to hike in electricity tariff and new petrol price | #YNaijaCover

EFCC recovers N329bn from Oil Marketers

Fuel scarcity looms in Southwest

How NNPC, Tinubu, Adenuga, Otedola, Ubah, others owe Nigerian govt N86bn

Fuel scarcity: PPMC moves to end petrol station queues

How ‘corruption in PPMC’ is causing fuel scarcity in Nigeria [DETAILS]

Oil marketers reveal how Buhari can end fuel scarcity

Opinion: How corruption among the ruling class destroyed businesses in Nigeria

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