Business

Oil marketers list high demand, FX costs, others for fuel scarcity

Ihesiulo Grace 23 January 2023 0

Major oil marketers under the aegis of the Major Oil Marketers Association of Nigeria (MOMAN) has attributed the current fuel scarcity and long queues at filling station being witnessed across the country to the exceptionally high demand for the product, and distribution challenges. The

Business

Oil marketers, retailers kick against plans to re-introduce petroleum tax

Ihesiulo Grace 1 March 2021 0

Oil marketers and retailers have kicked against the plan by the Nigerian Customs Service, NCS to re-introduce a N1.50k tax regime on petroleum products. Recall that the Comptroller General of NCS, Col Hammed Alli (Retd), had at the budget defence of the Service told the Senate that the revenue-generating agency has asked the Federal Government […]

News

MOMAN describes loss of over N154bn by refineries as disturbing

Ihesiulo Grace 18 June 2020 0

The Major Oil Marketers Association of Nigeria (MOMAN) has expressed concern over the N154 billion loss recorded by Nigeria’s three refineries in the 2018 audited accounts published by the Nigerian National Petroleum Corporation (NNPC). Chairman of MOMAN, Mr. Tunji Oyebanji, said in Lagos on Wednesday, that the loss recorded by the Kaduna, Warri and Port […]

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PMS pump price: PPPRA will continue to advise NNPC, marketers – Saidu

Ihesiulo Grace 8 June 2020 0

The Petroleum Products Pricing Regulatory Agency (PPPRA) says it will continue to advise oil marketers on the pump price of the Premium Motor Spirit (PMS), generally known as petrol. The agency, in a statement by its Executive Secretary, Abdulkadir Saidu on Sunday in Abuja, said that marketers were not allowed to fix prices of products. […]

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Oil marketers, other sectors get N968.092bn promissory notes- DMO

Ihesiulo Grace 18 March 2020 0

Oil marketing companies and players of other sectors are among the beneficiaries of the promissory notes issued by the Federal Government, and valued at N968.09 billion, the Debt Management Office (DMO) has revealed. The DMO, in a document obtained from its website showed that as at Feb. 29, the oil marketing companies were issued N266.07 […]

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Group cautions oil marketers on terror tactics

Ihesiulo Grace 6 December 2018 0

A Group, the Buhari Media Organisation (BMO) has cautioned oil marketers against indulging in scare mongering and blackmail over a debt burden inherited from the previous administration saying it’s a terror tactic. The oil marketers had issued a seven-day ultimatum to shut down operations at all depots over N800 billion oil subsidy debt. The group […]

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FG Set To Pay Oil Marketers N156bn

Ihesiulo Grace 29 April 2015 0

The Federal Government on Wednesday announced that it is set to disburse N156billion to oil marketers on Thursday. Details Later