Though NNPC has fuel stockpiles, it can’t effectively distribute nationwide—Expert
Even though the Nigerian National Petroleum Corporation (NNPC) claims it currently has over 170mn litres of petrol stocked in own depots nationwide, there is need to reach deal with aggrieved marketers as only NNPC cannot saturate the country alone. In…
Can FG fix associated crisis from oil marketers’ N800bn debt in election year?
Aside the early warning signals already given by Nigerian organized labour over their running out of patience on government official delays in sending the Tripartite Committee Report on new minimum wage to the National Assembly, there are fears that the…
FG’s body language weak in payment of N650bn debt—Oil marketers aver
Though the oil marketers’, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), had last week made another passionate appeal to the federal government demanding payment of N650 billion debt owed them, a top member of the group…
Fuel scarcity looms as PEF withdraws staff from debtor depots’
There are strong indications that fuel scarcity is on its way back to the country following Wednesday’s withdrawal of officials of Petroleum Equalization Fund (Management) Board (PEFMB) from depots indebted to it. Prior to the withdrawal action, the federal agency…
NNPC failed to deny claims of no petrol in our depots by DAPPMA
Contrary to earlier by the Nigerian National Petroleum Corporation (NNPC) that it had started offloading products in depots across the country, oil marketers under the aegis of the Depot and Petroleum Products Marketers Association (DAPPMA), has countered the claims, saying…
NNPC, IPMAN counter claims may end up in fuel scarcity in Lagos, Ogun
All is set for members of the Independent Petroleum Markers Association of Nigeria (IPMAN), Lagos and Ogun States chapter, to embark on closure of their filling stations by December 11, if the Nigerian National Petroleum Corporation (NNPC) continues to undersupply…
Banks’ take over 15 tank farms, petrol stations, assets of defaulting marketers’
Indications have emerged that commercial banks that assisted several downstream oil and gas investors with deep pocket loans, having tried every legal processes to get back their facilities are now combing nook and carnies of the country searching investments and…
