Stakeholders in the downstream segment of the oil and gas sector as well as some members of the private sector have projected that the country’s spending on subsidy may exceed the N3 trillion appropriated for it going by oil futures...
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.
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.
8 May 2020
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...
4 May 2020
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.....
23 Apr 2020
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.
17 Apr 2020
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.
24 Jul 2019
If you look at the bridges today, you will see that most of the trucks that are on those queues are trucks for dry goods. Hardly will you see any tanker that is parked indiscriminately in Apapa.
10 Jul 2019
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…
19 Sep 2018
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.
8 Jun 2018
In line with the aspiration of the Federal Government (FG) initiative through Nigerian National Petroleum Corporation (NNPC) to grow and expand the local consumption...