IPMAN tasks DPR on unethical practices in downstream sector
The Independent Petroleum Markers Association of Nigeria (IPMAN), Western zone, has emphasized the need for the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), to clamp down private depots selling petrol above ex-depot price of N133.28k. The Western zone Chairman of IPMAN, made the appeal in an interactive session with journalists…
Fuel scarcity throws Nigerians into panic
Nigerians have been thrown into panic following the re-emergence of long queues at fuel stations in parts of the country.
Oil marketers threaten mass sack over N720b subsidy arrears
Except the Federal Government pays all petroleum subsidy arrears of over $2 billion (N720 billion) owed oil marketers, many employees in the downstream sector may soon...
EFCC recovers N328.9bn debts from nine major petroleum marketers
The Economic and Financial Crimes Commission (EFCC) said it had recovered over N328.9 billion out of N349.8 billion debts from nine major petroleum marketers within the last one year.
Hope rises for kerosene availability from Aba PPMC depot
Indications have emerged that kerosene may soon become available to members of the public from the Osisioma Aba PPMC Depot in Abia state following the recent resumed pumping of the product from the Port Harcourt Refinery.
Unpaid N800b subsidy arrears threaten banks, downstream sector
Unless the Federal Government urgently offsets the accumulated subsidy arrears, interest on loans and the foreign exchange differentials of N800 billion that accrued to petroleum marketers between 2014 and 2017...
IPMAN strike cripples activities in Calabar, environs
The industrial action embarked upon by members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has crippled economic and business activities in Calabar, the capital of Cross River State and its environs.
Petroleum marketers elect executives
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Suleja-Abuja depot has elected Salihu Abdullahi Butu and Emeka Ekwesili as chairman and vice chairman respectively to pilot the affairs of the association in the next five years.