Thursday, 1st June 2023


26 Apr
The planned removal of fuel subsidy has thrown the Federal Government, petroleum marketers and other stakeholders off balance in a quest to find a smooth transition that would not jeopardise the welfare of the citizenry.
7 Mar
As Nigeria ramps up refining capacity, stakeholders in the downstream sector have advocated the need for operators to embrace automation to promote transparency, eliminate fraud and tackle corruption.
30 Jan
The newspaper headlines are haunting, heart-jerking, painting a horrifying spectacle of the preventable pains of the long-suffering Nigerians, still stewing in the paradox of want -of refined premium motor spirit...
13 Dec
Stakeholders in the nation’s downstream sector were unanimous in their position as regards the need for the government to commence a dialogue with the Nigerian people on the necessity for deregulation to reduce inefficient subsidy...
12 Dec
Major Oil Marketers Association of Nigeria (MOMAN) has implored the Federal Government to consider a full deregulation of the petroleum downstream sector in phases.
26 Nov 2022
The Major Oil Marketers Association of Nigeria (MOMAN) says it is working with the Nigeria National Petroleum Company (NNPC) Ltd., to improve the distribution of petrol across the country. Mr Clement Isong, Chief Executive Officer of MOMAN, said this in an interview with the News Agency of Nigeria (NAN), in Lagos on Saturday, against the…
24 Nov 2022
Apparently preparing Nigerians for a full deregulation regime, depot owners and some petrol marketers have again put the nation in another panic mode by hoarding available products in a push to ensure prices are adjusted to meet their operating expenses.
15 Nov 2022
Handing over a N50m cheque to the Nigerian Red Cross Society at a ceremony in Abuja, Chief Executive Officer of MOMAN, Clement Isong, while representing MOMAN Chairman, Olumide Adeosun, said the recent flooding...
1 Nov 2022
The Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Farouk Ahmed has launched the Major Oil Marketers Association of Nigeria (MOMAN) Compendiums of Best Practices Series
30 Aug 2022
Major Oil Marketers Association of Nigeria (MOMAN) and other players in the downstream sector have urged the Federal Government to implement the Petroleum Industry Act (PIA) if it plans to wean Nigerians off cheap petrol and focus on other priority sectors.
14 Jul 2022
The Major Oil Marketers Association of Nigeria (MOMAN) has called for the commencement of gradual deregulation of the downstream oil and gas sector to reflect the current price of petroleum products.
13 Jul 2022
The Major Oil Marketers Association of Nigeria (MOMAN) says the regulated N165 pump price for Premium Motor Spirit (PMS), also known as petrol, is no longer realistic.


The Presidential Election Petition Court (PEPC) has stepped down the hearing of Peter Obi and the Labour Party petition against the election of President Bola Tinubu. The tribunal dismissed the petition on Thursday following the poor schedule of documents being sought to be tendered to establish the allegations of malpractices during the Saturday, February 25…
7 mins ago
In a recent development, Elon Musk has surpassed Bernard Arnault, a renowned French fashion icon, to claim the title of the world's wealthiest individual. The Bloomberg Billionaires balance sheet reveals that Elon Musk's net worth now stands at approximately $192 billion, while Bernard Arnault, the CEO of LVMH, holds a net worth of $187 billion.…
7 mins ago
Moscow said Thursday it thwarted a Ukrainian attempt to "invade" its southwestern border as Russia pounded Kyiv with missiles, killing three including a child. The Ukrainian capital faced nearly nightly air raids in May, including an unusual daytime attack on Monday that sent residents running for shelter. As Kyiv launched air defences against a fresh…
15 mins ago
Residents evacuated from the Russian town of Shebekino near the Ukraine border after heavy shelling were Thursday filling up temporary shelters in the regional capital, the governor of Belgorod said. "The largest temporary accommodation centre in the city is gradually filling up, so all arriving residents of Shebekino are being sent in an organised manner…
20 mins ago
A court in Senegal on Thursday sentenced opposition leader Ousmane Sonko, a candidate in the 2024 presidential election, to two years in prison on charges of "corrupting youth" but acquitted him of rape and issuing death threats. It also sentenced Sonko's co-accused, Ndeye Khady Ndiaye, the owner of the beauty salon where Sonko was accused…