Sentences with phrase «oil marketers»

Residents of Ekiti erupted in jubilation on Sunday following the decision of oil marketers to resume supply of petroleum to the state.

As high cost of petrol pump price cripples economic activities in Akwa Ibom state, the leadership of the state Chapter of Independent Petroleum Marketers Association of Nigeria (IPMAN), has accused Major Oil Marketers Association of Nigeria (MOMAN) for the high cost of the product in the state

The California Independent Oil Marketers Association (CIOMA), a trade group for oil distributors, is handing out to members a label that adds wording on cap - and - trade costs to the standard one that advises motorists on gas taxes.

Some unknown gunmen have abducted Chairman of the Independent Oil Marketers in Benue State, Matthew Agbason.

Magu noted that the over N7.6 bn recovered from a former Minister of Petroleum Resources, Diezani Alison - Madueke; and the N329bn which was returned by a number of major oil marketers in the country, formed a bulk of the total recoveries.

Late December, the PPPRA had on behalf of the Federal Government announced that effective January 1, 2016, Premium Motor Spirit, otherwise known as petrol, would be sold at N86 per litre by the Nigerian National Petroleum Corporation (NNPC) retail stations, while other oil marketers would sell at N86.50 per litre.

Oil marketers under the aegis of Depot and Petroleum Products Marketers» Association, DAPPMA, on Tuesday dared Dr. Ngozi Okonjo - Iweala to prove her allegation.

Gov of Osun Rauf Aregbesola, Ekiti Gov Ayo Fayose and secretary of NUPENG, Mr Ogbebor while signing agreement to end the face between Ekiti Oil marketers and Gov Fayose

The three weeks of face off between oil marketers in Ekiti state came to an end in Osogbo, the Osun State capital on Sunday Governor of Osun, Ogbeni Rauf Aregbesola brought the warring parties together for an agreement.

'' It is our belief that with the outstanding payment due to oil marketers now assured, the marketers and other downstream players will join hands with the NNPC to guarantee that the nation remains wet with petroleum products all year round.»

Vanguard exclusively gathered that the blacklisting of Nigerian oil marketers by the foreign suppliers followed the challenges faced by marketers to access foreign exchange due to stringent rules by the Central Bank of Nigeria, CBN, on foreign exchange transactions.

With the government removing fuel subsidies and oil marketers refusing to sell diesel at pump prices, the cost of doing business in Nigeria is expected to double over the next three months especially as oil hits a benchmark price of $ 38 per barrel with the International Monetary Fund (IMF) predicting a further drop to $ 20 per barrel by mid-year.

This development is coming about eight months after the Muhammadu Buhari - led regime stopped the fuel subsidy, which was costing the government millions of naira being paid monthly to oil marketers importing the product then.

He expressed profound gratitude and high sense of understanding displayed by the leadership of the Ekiti state oil marketers, saying it has shown that dialogue remains the best method of resolving conflict.

Nkanga said that it was wrong for oil marketers to increase the pump price when the Federal Government had not done so.

The Economic and Financial Crimes Commission says its Kano Office has recovered N328, 988,296,990.62 from nine major oil marketers across the country.

The Minister of Finance, Mrs Kemi Adeosun, on Tuesday said the Federal Government had fully paid the N48.2 billion outstanding subsidy arrears owed oil marketers in 2015.

AGF explained that «We are trying oil marketers suspected to be involved in fuel subsidy importation fraud in batches.

«My sense is that this is going to creep up over the next month as invoices are passed through,» said Jay McKeeman, vice president of government relations and communications at the California Independent Oil Marketers Association (CIOMA).

The campaign is similar to that of the California Independent Oil Marketers Association's (CIOMA) Fed Up At The Pump.

At the tail end of last year, the PPPRA had on behalf of the Federal Government announced that effective January 1, 2016, Premium Motor Spirit, otherwise known as petrol, would be sold at N86 per litre by the Nigerian National Petroleum Corporation (NNPC) retail stations, while other oil marketers would sell at N86.50 per litre.

Last week, oil marketers under the aegis of the Independent Petroleum Products Importers said they owed some Nigerian banks over $ 1bn used for the importation of petroleum products, with accumulated interest of N160bn.

The resolve which was made at the end of a strategy session convened yesterday by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu to address the lingering fuel crisis had members of the Major Oil Marketers Association of Nigeria) MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and the Jetty and Petroleum Tank Farm Owners of Nigeria (JEPTFON), pledged their support in unison to end the fuel queues as soon as possible.

Residents of Ekiti erupted in jubilation on Sunday following the decision of oil marketers to resume fuel supply of petroleum to the state.

The state chairman of IPMAN, Mr Ubong Isong who spoke to our correspondent in Uyo the state capital, said the association is doing everything possible to ensure availability of the product in the state but lamented that major oil marketers in the state are frustrating the dealers with high cost procurement.

Recall that the agitation for the payment of the subsidy claim started at the tail end of ex President Goodluck Jonathan's tenure owing to the unforeseen contingencies perceived by the oil marketers.

Alegbe who is also the Group General Manager, Group Public Affairs Division of the corporation, noted that the payment of the outstanding N413 billion subsidy claims to oil marketers is part of the Government's initiative of zero tolerance to fuel queues nationwide.

The Department of Petroleum Resources, DPR, on Wednesday insisted that the oil marketers were hoarding the petroleum products coming into the country.

He also advised the oil marketers to accelerate importation of the product to ensure that it was available in all depots.

The Minister of Finance, Mrs. Kemi Adeosun, had, on Dec. 9, confirmed the payment of N407.07 billion fuel subsidy to oil marketers.

Oil marketers has declared that readiness to support measures set into motion by the Federal Government to end the fuel scarcity menace and as such restore sanity by adequately supplying and distributing the products in a matter of days.

«The kidnappers had told the traumatised old woman that they were sent to punish Okonjo - Iweala for refusing to pay some oil marketers.

While pledging to eliminate all bottlenecks to fast track the process, according to a statement issued late yesterday by the NNPC spokesman, Ohi Alegbe, Kachikwu urged the oil marketers to see the initiative as a national call to action.

Gov Ayo Fayose had led some top members of his government to Osogbo where Governor Aregbesola had summoned leadership of the oil marketers.

The latest round of fuel scarcity might end in a few days» time if the Nigerian National Petroleum Corporation sustained the current level of supply of Premium Motor Spirit, major oil marketers and depot owners said on Wednesday.

Lagos State Police Command has declared a popular independent oil marketer and prime suspect of the Badoo cult killings in Ikorodu and Epe axis of the...

Alaka Abayomi, an oil marketer and owner of Alaka Petroleum, who was arrested by the police on Monday for alleged sponsorship of Badoo cult has broken...

The source further revealed that NLC would interface with leadership of the oil marketers to prevail on them to compel their members to sell fuel to the public at the official pump price.

The Major Oil Marketers Association of Nigeria, MOMAN, has called on the federal government to pay the fuel subsidy claims owed to its members.

Some oil marketers had on Monday, appealed to the federal government to pay their outstanding debts of two billion dollars (N720 billion) owed on the importation of petrol products and the accrued interests on bank loans.

Justice Latifat Okunnu of the State High Court sitting in Ikeja, Lagos, has convicted and sentenced two oil marketers - George Ogbonna and Emmanuel...

The Lagos State Police Command has declared a popular independent oil marketer and prime suspect of the Badoo cult killings in Ikorodu and Epe axis of the State, Alhaji Alaka Abayomi Kamal, wanted.

The Economic and Financial Crimes Commission on Monday arraigned two oil marketers and their firms for an alleged banking fraud of N7.7 bn.

«The trial of oil marketers is neither suspended nor stopped at all.