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Subsidy: Marketers rely on banks for growth

Subsidy: Marketers rely on banks for growth

Marketers are likely to record positive growth if the Central Bank of Nigeria’s (CBN) directive to commercial banks on freezing interests on loans taken by them (marketers) to import petroleum products into the country is implemented, the Depot and Petroleum Products Marketers Association of Nigeria(DAPPMAN),Executive Secretary, Mr Femi Adewole, has said. The marketers include members […] …

Marketers to access N234b subsidy arrears in December

Marketers to access N234b subsidy arrears in December

Oil marketers would have to wait till the end of 2019 to access N234billion subsidy arrears, which the Federal Government paid them in December 2018, through promissory notes. The marketers include members of the Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN). MOMAN’s Secretary, Mr. Clemens […] …

Marketers to DPR: locating gas plants in fuel stations dangerous

Marketers to DPR: locating gas plants in fuel stations dangerous

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has frowned at the locating liquefied petroleum gas (LPG) refilling plants in petroleum retail outlets, saying it is dangerous. The marketers also urged the Department of Petroleum Resources (DPR) to stop giving approvals to such ventures. The NALPGAM President, Mr. Nosakhare Ogieva-Okunbor, said addition of skidRead More …

Oil marketers suspend planned strike, oppose part payments

Ecowas Has Long Way to Go

The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its planned shutdown of depots nationwide…
The post Oil marketers suspend planned strike, oppose part payments appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

Marketers target synergy with foreign crude refiners

Marketers target synergy with foreign crude refiners

Oil marketers are fashioning out modalities to partner foreign crude oil refiners by December this year with a view to resume importation and further improve product supply in the country. The Independent Petroleum Marketers Association of Nigeria (IPMAN)’s National Controller of Operation, Mr. Mike Osatuyi, who disclosed this in an interview with The Nation, however,Read More
The post Marketers target synergy with foreign crude refiners appeared first on The Nation Nigeria. …

‘How we checked fuel scarcity, by marketers

‘How we checked fuel scarcity, by marketers

Marketers under the aegis of the Major Oil Marketers Association of Nigeria (MOMAN) have given insights into how they helped to reduce fuel scarcity in the country. The marketers include Oando, Forte Oil, Mobil, and MRS. In separate interviews, the marketers said they collaborated with the Navy, the Petroleum Tanker Drivers (PTD),  the National AssociationRead More
The post ‘How we checked fuel scarcity, by marketers appeared first on The Nation Nigeria. …

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