Forex constraints: association says NNPC may continue as major importer of petroleum products
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.
Why NNPC ex-depot price cut may not affect petrol
Though the Nigerian National Petroleum Corporation (NNPC) yesterday reduced ex-depot price of petrol from N113.28k per litre to N108.00k per litre across its products loading facilities...
Between politics of petrol subsidy and deregulation of downstream sector
The regime of fuel subsidy came into Nigeria since 1973 to cushion the impact of importation at a time the government failed to maintain the nation’s refineries despite growing demand for petroleum products. With the introduction, government fixes pump price and balances.....
How oil subsidy removal may create more problems for Nigerians
Unless the challenges bedeviling the downstream sector of the nation’s petroleum industry are surmounted, the removal of oil subsidy may create more problems for Nigerians, especially the poor masses.
MOMAN pushes for legislation on price liberalisation
Oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN) has called for full liberalization of the downstream sector rather than modulating the price of Premium Motor Spirit (PMS) commonly known as petrol.
MOMAN seeks deregulation, denies NNPC’s N305/$1 claim on fuel importation
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…
Nigerian market deserves high quality lubricants, says 11 Plc
The management of 11Plc (formerly Mobil Oil Nigeria Plc), has reiterated that the Nigerian market deserves high quality lubricants given the potential of the market and opportunities therein.