NNPC, FUEL MARKETERS ON COLLISION OVER INTRODUCTION OF BULK PURCHASE AGREEMENT FEE

The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) are heading for a collision over the introduction of Bulk Purchase Agreement (BPA) fee by the corporation. The marketers alleged that NNPC introduced BPA fee of N125,000.00 yearly for bulk buyers of petrol and also directed that each marketer should make five years upfront payment, […]

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