Monday, 26th September 2022
Breaking News:

Adetunji Oyebanji

6 Jul 2021
Preparatory to the completion of Dangote Oil Refinery, the Major Oil Marketers Association of Nigeria (MOMAN) has expressed intention to engage the management of the company on commercial terms regarding the lifting....
4 Jul 2021
The Major Oil Marketers Association of Nigeria (MOMAN) has expressed interest to lift refined petroleum products from the Dangote Refinery, Lagos which is at completion stage.
3 Mar 2021
As the Federal Government seeks ways out of the fuel price dilemma due to rise in oil prices, Major Oil Marketers Association of Nigeria (MOMAN) has stated that the poor implementation of downstream reforms is responsible for the present dilemma.
16 Feb 2021
The Major Oil Marketers Association of Nigeria (MOMAN) has reiterated a call for full deregulation of the downstream sector. It also suggested that buffers could be created to mitigate the adverse effects of the imminent rise in the price of premium motor spirit.
22 May 2020
Operators in the downstream sector of the oil and gas sector have asked the Federal Government to unveil a pricing formula that will guide the monthly adjustments in the pump price of premium motor spirit (PMS) other wise known as petrol in order to avoid dislocations at the retail end of the value-chain.
18 Jan 2019
Players in the country’s petroleum sector, especially the downstream, are sceptical investing in local crude refining, owing to poor regulatory framework evident in the delay in non-assent to the Petroleum Industry Governance Bill (PIGB).
1 Jun 2017
Mobil Oil Nigeria Plc has recorded a profit after tax of N8.15 billion in 2016, representing a 67 per cent increase from the N4.87 billion earned in 2015.
27 May 2016
Mobil Oil Nigeria Plc. has continued to record decline in its operational financials, with its turnover decreasing by 19 per cent and profit after tax by 24 per cent.


2 hours ago
Almost a year after The Guardian report on foreign airlines departing Nigerian shores empty, the situation has changed, but for the worse.
2 hours ago
At the United Nations General Assembly (UNGA) in New York, the United States, last week, President Muhammadu Buhari, made an open-ended request for ‘outright’ debt cancellation for developing countries facing “the most severe challenges”.
2 hours ago
After a spell of seeming harmony within the ruling All Progressives Congress (APC), discordant tunes are coming to the fore ahead of a long four-month campaign stretch for 2023 general elections, which officially kicks off on Wednesday, September 28.
2 hours ago
Anthony Joshua is set to defy promoter, Eddie Hearn, and sign a contract to fight Tyson Fury by today’s deadline, reports
2 hours ago
The dream of every Nigerian is the security of owning a home, but that reality has been scuttled, following rising prices of building materials and rents in the housing market.