The Major Oil Marketers Association of Nigeria (MOMAN) has said total deregulation of the downstream sub-sector remains the best option, as no marketer is getting foreign exchange at N305 to a dollar for importation of petrol. Its chairman, Tunji Oyebanji who made the clarifications on the side-lines of the just concluded Nigerian Oil and Gas…

Oil marketers on Sunday appealed to Federal Government to effect quick payment of its outstanding N800 billion subsidy debts...

The Major Oil Marketers Association of Nigeria (MOMAN) yesterday claimed that its members were owed N130.7 billion in subsidy by the Federal Government as at August 2018. At a media briefing in Lagos, the association’s chairman, Andrew Gbodume, alleged that subsidy payments on imported petroleum products were yet to be made months after the National…

Bothered by the risk tendencies in petroleum products movement across the country, oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), have decided to minimise cases of accidents on road networks and promote efficient transportation of products. MOMAN insisted that movement of products from one point to another constituted a major…

Having been deregulated, the price of diesel is not under the control of the Federal Government, as marketers sell according to the forces of demand and supply.