The Major Oil Marketers Association of Nigeria (MOMAN) says we all must remember the country is broke and can no longer afford subsidy. MOMAN’s Chairman, Mr Tunji Oyebanji  made the assertion in a statement issued on Friday in Lagos while reacting to the outcry over the recent increment of the ex-depot price of petrol. According ...

The Major Oil Marketers Association of Nigeria (MOMAN) says Nigeria is gradually heading towards full deregulation of the Premium Motor Spirit (PMS) which will enable pump price to be determined by market forces. Mr Tunji Oyebanji, Chairman, MOMAN, disclosed this on Wednesday in an interview with the News Agency of Nigeria (NAN) in Lagos. NAN ...

The Major Oil Marketers Association of Nigeria (MOMAN) has expressed concern over the N154 billion loss recorded by Nigeria’s three refineries in the 2018 audited accounts published by the Nigerian National Petroleum Corporation (NNPC). Mr Tunji Oyebanji, Chairman, MOMAN, told the News Agency of Nigeria (NAN) in Lagos on Wednesday, that the loss recorded by ...

The Major Oil Marketers Association of Nigeria (MOMAN) says the association will support Federal Government’s petroleum industry policies including the policy on deregulation. Mr Adetunji Oyebanji, Chairman of the Association, said this in a communique issued on Tuesday in Lagos after a Chief Executive Officers’ Strategy Retreat organised by MOMAN, which ended in Abuja on ...

      The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Wednesday urged its members to support the Federal Government’s petroleum products pipelines protection initiatives against frequent vandalism. Mr Chinedu Okoronkwo, the IPMAN’s National President, made the appeal in an interview with the News Agency of Nigeria (NAN) in Lagos. Okoronkwo made the appeal ...

      The Nigerian National Petroleum Corporation (NNPC) says it has 2.6 billion litres of petroleum products offshore and onshore in Lagos State to meet the nation’s demands. Mr Isiaka Abudulrasaq, the Chief Financial Officer, NNPC gave the assurance in an interactive session with journalists in Lagos on the corporation’s stewardship  to Nigerians on ...

  The Federal government has said it would pay oil marketers N236 billion out of N348 billion approved by the National Assembly as outstanding subsidy claims on Friday Dec. 14. The Chief Operating officer, Nigerian National Petroleum Corporation (NNPC) Downstream, Mr Henry Ikem-Obih disclosed this to newsmen in Abuja on Saturday. “The Debt Management Office ...

  Oil marketers have given the Federal Government seven-days ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country. The marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs), said failure to meet the deadline ...

      Oil marketers on Sunday appealed to the Federal Government to effect quick payment of its outstanding N800 billion subsidy debts. The marketers, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association (DAPPMA), made the appeal in a joint interactive session with journalists in Lagos. ...