Blame NNPC for fuel scarcity, says IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has accused the Nigerian National Petroleum Corporation (NNPC) of being behind the current fuel scarcity in...

Kerosene subsidy: Parties await legal interpretation

The Central Bank of Nigeria and the Nigerian National Petroleum Corporation have publicly disagreed over the legality of the multi-billion dollar kerosene subsidy regime....

N543bn kerosene subsidy claims not yet verified – PPPRA

The Petroleum Products Pricing Regulatory Agency said on Wednesday that about N543.89bn subsidy claims on imported kerosene by the Nigerian National Petroleum Corporation had...

DPR moves against hoarding, profiteering by fuel Marketers

As the supply of Premium Motor Spirit (PMS), otherwise called petrol tightens across the country, the Department of Petroleum Resources (DPR) has moved to...

Reps probe: ‘N1trn spent on kerosene subsidy in 4 years’

Despite the inability of the many Nigerians to buy kerosene at the official N50 per litre, it was disclosed yesterday that the country had...

IPMAN indicates interest in private refinery

The quest for private refinery in the country was recently heightened by the Independent Petroleum Marketers of Nigeria (IPMAN), as it advocated for long...

Queues resurface in filling stations as fuel scarcity looms

Few weeks after the Major Oil Marketers Association of Nigeria (MOMAN) warned of imminent fuel scarcity, following the delay in the release of the...

NNPC: Smugglers, peddlers, others bane of effective kerosene supply

Revelations emerged Tuesday that a combination of forces may have been working behind the scene to subvert the good intention of the federal government...

Oil marketers deny bribing NNPC officials

National President of Independent Petroleum Marketers  Association of Nigeria, IPMAN, Alhaji Aminu  Abdulkadir has denied allegations that its members bribed officials of the oil...

The ‘legality’ of kerosene subsidy

Last Thursday’s counter by the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, questioned the genuineness of the Central Bank...

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