Saturday, 23rd September 2023


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.
11 Feb 2021
The Department of Petroleum Resources (DPR), yesterday, said the Federal Government is making efforts to upgrade the downstream of the petroleum industry to global standard.
1 Nov 2020
Despite crude oil prices falling to $36 per barrel in the last few days, Premium Motor Spirit (PMS) is still being sold at between N159 to N162 per litre across the country, by petroleum marketers.
20 Oct 2020
Petroleum marketers have urged the Federal Government to take decisive steps in addressing deregulation concerns in the downstream sector to avoid a civil unrest that may arise when oil prices rebound.
30 Sep 2020
Key stakeholders in the petroleum, transport and logistics sector have raised concerns about the recurring cases of tanker accidents in Nigeria, and called for an end to the development.
11 Sep 2020
Nigeria can develop into the refining hub for West and Central Africa, therefore becoming a net exporter of refined products following the Federal Government’s new...
5 Sep 2020
As governments in other climes strive to ameliorate the adverse effects of the coronavirus disease (COVID-19) through palliative measures, bailouts and waivers...
2 Jul 2020
The Major Oil Marketers Association of Nigeria (MOMAN) has said that the NNPC may continue as the major importer of petroleum products, due to foreign exchange constraints by its members.
10 Jun 2020
Oil marketers have said the inability of the Federal Government to unveil legislation that will support claims of deregulation shows that it is still flirting with subsidy, and might be unwilling to adjust prices when oil prices hit certain benchmarks.
7 Jun 2020
Though the Federal Government backed its determination to exit payment of subsidy on Premium Motor Spirit (PMS) with a regulation...
29 May 2020
The Independent Oil Marketers Association of Nigeria (IPMAN) and the Major Oil Marketers Association of Nigeria (MOMAN) on Friday lauded the performance of the Muhammadu Buhari-led administration in the petroleum sector.
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.


9 mins ago
In every part of the world, tourism has continued to recover from the worst crisis in its history as arrival numbers reached 84 per cent of pre-pandemic levels between January and July 2023.
14 mins ago
The governorship election petition tribunal sitting at the High Court complex, Jos, yesterday dismissed the petition filed by the All Progressives Congress (APC) governorship candidate, Prof. Nentawe Yilwatda and the party.
23 mins ago
A not-for-profit organisation, Women in Management Business and Public Service (WIMBIZ) is set to make history with the hosting of its maiden London Conference. This groundbreaking event, the first of its kind in the heart of the United Kingdom...
35 mins ago
There are strong indications that the death of fast rising rapper, singer and songwriter Ilerioluwa Oladimeji Aloba, professionally known as MohBad, in controversial circumstances may mark a turning point in the Nigerian music industry with respect to artiste-record label relationships.
40 mins ago
Rolake Akinkugbe-Filani is a versatile senior corporate executive with more than 17 years of track record of professional work covering infrastructure, energy and financial services sectors in Africa.