Sentences with phrase «owed oil marketers»

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.

Not exact matches

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.

Marketers disclosed that they owe their foreign suppliers in excess of $ 1.29 billion, even as the marketers were paid only N413 billion in December 2015 for oil sMarketers disclosed that they owe their foreign suppliers in excess of $ 1.29 billion, even as the marketers were paid only N413 billion in December 2015 for oil smarketers were paid only N413 billion in December 2015 for oil subsidies.

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

According to him, the delay in repayment of the loan debts owed the banks by marketers had led to a retrenchment in the banking and the oil and gas sectors.

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.