NNPC DISTRIBUTES HOARDED PETROL FREE IN ABUJA

December 29, 2017 AdminLeave a comment

The Nigerian National Petroleum Corporation (NNPC) has embarked on dispensing of hoarded petrol to motorists to end the current scarcity of the product across the federation.

FUEL SCARCITY: MOTORISTS IN LAGOS LAUD DPR’S INTERVENTION

December 22, 2017 AdminLeave a comment

Motorists in Lagos on Thursday lauded the Department of Petroleum Resources (DPR) for its intervention by compelling petrol dealers hoarding the product to dispense to motorists.

NUPENG WARNS OIL MARKETERS OVER MASS SACK THREAT

August 31, 2017 AdminLeave a comment

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has warned oil marketers over the threat of mass retrenchment of workers (READ IT HERE) if the federal government fails to pay outstanding subsidy owed to them on the importation of petroleum products.

OIL MARKETERS THREATEN MASS SACKING OVER $2BN DEBT

August 30, 2017 AdminLeave a comment

Oil marketers have said they will embark on mass retrenchment following the failure of the Federal Government to pay the debt owed them for importation of petroleum products as well as the accrued interest on loans from banks and exchange rate differential.

APAPA GRIDLOCK: NUPENG WANTS NNPC TO PROVIDE ALTERNATIVE LOADING DEPOTS FOR TANKERS

July 17, 2017 AdminLeave a comment

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Monday appealed to the NNPC to provide alternative loading depots for petroleum tankers to check the recurring gridlock in Apapa area of Lagos State.

OIL MARKETERS URGE FG TO PAY OUTSTANDING FUEL SUBSIDY CLAIMS

June 21, 2017 AdminLeave a comment

The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the Federal Government to pay the outstanding fuel subsidy claims to its members to pay back their bank loans.

OIL MARKETERS GROAN AS MATURED LCS, UNPAID SUBSIDY CLAIMS HIT $2BN

May 29, 2017 AdminLeave a comment

The capacity of the Major Oil Marketers Association of Nigeria (MOMAN) and the Depot and Petroleum Products Marketers Association (DAPPMA) to import petroleum products has continued to weaken as unpaid subsidy claims and matured Letters of Credit (LCs) arising from the old subsidy regime hit $2 billion.