Headlines

Petrol scarcity: Independent marketers blame extortion at depots for rising cost of PMS

DailyTimesNGR DailyTimesNGR 31 August 2024 0

BY SAKA BOLAJI Independent Petroleum Marketers in Niger State have expressed concern over the sharp practices going on at the various private depots in the country. The concerned marketers have therefore called on the Federal Government to urgently intervene by investigating the act especially

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Ron Earley explains how the global pandemic has lent an opportunity to redefine the business approach

Ihesiulo Grace 9 April 2021 0

As marketers across the planet continue to tackle with the coronavirus crisis, they are asking themselves how the pandemic is impacting marketing, and what they should do. Entrepreneur Ron Earley has rounded up some significant information on marketing during these challenging times to give people an insight into where the world is headed, what other […]

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We no longer fix price of petrol – PPPRA

Ihesiulo Grace 29 June 2020 0

…To provide guiding price band by monitoring petroleum products prices daily The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers. PPRA Executive Secretary, Mr. Saidu Abdulkadir, stated this in a statement in Abuja, on Sunday. Abdulkadir, however, […]

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Marketers yet to adjust to N123.5 per litre of PMS

Ihesiulo Grace 7 April 2020 0

Umuahia – Major and Independent petroleum marketers in Abia have yet to adjust to the new pump price of Premium Motor Spirit, otherwise called petrol, in line with the Federal Government’s directive. The federal government had last Tuesday announced a new pump price of N123.5 per liter from N125 per liter. However, barely one week […]

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IPMAN urges FG to deregulate petroleum market

Ihesiulo Grace 19 March 2020 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday supported the reduction of the pump price of Premium Motor Spirit from N145 to N125 per litre by the federal government. IPMAN’s President, Mr. Chinedu Okoronkwo, disclosed this in an interview in Lagos on Thursday. Okoronkwo urged the federal government to deregulate the petroleum sector, […]

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C/River gov’t cautions IPMAN against adulterated products

Ihesiulo Grace 13 March 2020 0

The Cross River State Government has cautioned members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) against selling adulterated petroleum products to members of the public. The Commissioner for Petroleum Resources, Mr Itaya Asuquo, gave the warning when the leadership of IPMAN paid him a courtesy call on Friday in Calabar. Asuquo told the […]

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NAFDAC warns vegetable oil marketers against use of chemical containers

Ihesiulo Grace 10 December 2019 0

The National Agency for Food and Drug Administration and Control (NAFDAC) has warned vegetable oil distributors, marketers and sellers in the country against the dangers of storing their product in containers, tanks and jerry cans that have been used already for storing chemicals. The agency also cautioned against the sale of unwholesome vegetable oil to […]

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DPR warns marketers on creating artificial scarcity of petroleum products

Ihesiulo Grace 6 December 2018 0

The Department of Petroleum Resource (DPR) Gombe Field, has called on the independent marketers to desist from creating artificial scarcity of petroleum products during the yuletide. Mr Abdullahi Abawa, Operations Comptroller, made the call while briefing newsmen on Thursday in Gombe. He said the present administration had done everything possible to ensure availability of

Business

PPMC to regulate cross-border product smuggle

Ihesiulo Grace 29 November 2018 0

To stem cross-border leakages and forestall attendant products price hikes, Managing Director of the Petroleum Products Marketing Company (PPMC), Mr. Umar Ajiya, has enjoined Major Marketers Association of Nigeria (MOMAN) to regulate the volumes of petroleum products dispatched to their members’ affiliate stations close to the country’s borders. Mr. Ajiya, who spoke during

Energy News

Marketers urge NNPC to resolve loading challenge at Ejigbo depot

Ihesiulo Grace 29 June 2018 0

Petroleum marketers on Thursday called on the Nigerian National Petroleum Corporation (NNPC), to address the loading challenge at the Ejigbo depot to avert fuel scarcity in Lagos and environs. The Chairman, Petroleum Tankers Driver, Ejigbo Branch, Alhaji Akanni Moruf, said that truck drivers had to vacate the depot when it became obvious that pumping of […]

Business

NNPC deploys more through-put facilities

Ihesiulo Grace 17 January 2018 0

…orders private depots to comply with N133.28 ex-depot price The Nigerian National Petroleum Corporation (NNPC), has once again said it has deployed more of its depots and other through-put facilities to enforce the N133.28 ex-depot price of Premium Motor Spirit,(PMS), otherwise known as petrol, to marketers directly. A press statement signed by the Group General

Energy

Marketers to NNPC: Increase petrol supply

Ihesiulo Grace 16 January 2018 0

Owing to the persistent scarcity of the Premium Motor Spirit (PMS) also known as petrol, nationwide, the Executive Secretary, Depot and Petroleum Products Marketers Association (DAPPMA), Mr. Olufemi Adewole, on Monday urged the Nigerian National Petroleum Corporation (NNPC) to increase its supply to the marketers. He admitted that the corporation was giving fuel to

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Anxiety as marketers say fuel scarcity may linger on

Ihesiulo Grace 5 January 2018 0

.Insist FG owes independent marketers N800bn subsidy debt .Functional refineries will end fuel crises- Kachikwu Nigerians may wait longer for the much desired relief, following pains and losses they have been facing over perennial fuel scarcity nationwide as the independent marketers, one of the critical stakeholders in the oil sector have disclosed that fuel scarcity […]

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Fuel Scarcity: NNPC, depot owners trade blames over N21.7b debt

Ihesiulo Grace 27 December 2017 0

Nigerians may have to prepare for a long period of horrifying petrol scarcity as the Depot and Petroleum Products Marketers Association (DAPPMA) (fuel depot owners) and the Nigerian National Petroleum Corporation (NNPC) are currently bickering over a N21.7 billion debt and who should be blamed for the persisting crisis hurting Nigerians. While the depot owners […]

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Fuel Crisis: Group Condemns Petroleum Marketers over Hoarding

Ihesiulo Grace 26 December 2017 0

The lingering fuel crisis in Nigeria has been attributed to the nefarious activities of petroleum marketers who are hoarding the products to create artificial scarcity thereby sabotaging the efforts of government to make the premium motor spirit available to the citizenry in the country. In a press statement made available to newsmen in Abuja by […]

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NNPC rallies marketers to end fuel scarcity

Ihesiulo Grace 24 December 2017 0

Six major petroleum marketers are already loading products round the clock from their various depots in Lagos for onward trucking to all parts of the country. This is according to the Nigerian National Petroleum Corporation (NNPC), as part of its intensified efforts to flood the market with Premium Motor Spirit (PMS), otherwise called petrol and […]