Energy crisis: Confusion over deregulation as oil marketers sell above N165 per litre
Despite the regulation of the nation’s downstream sector, oil marketers, yesterday, continued to sell petrol at different prices, due to the high price of diesel.
Oil marketers give FG seven-day to settle N800b subsidy debts
Oil marketers have issued a seven-day ultimatum, demanding the Federal Government to settle their outstanding debts, totaling N800 billion.
DMO summons oil marketers over outstanding debts
THE Debt Management Office, DMO, has summoned a meeting of oil marketers to resolve their outstanding debts which would be paid through promissory notes.
Over N863b Subsidy: Senate Gives FG one week to meet with CBN, DMO, Stakeholders, Oil Marketers
ABUJA- THE Senate, Wednesday expressed its disappointment over Federal government’s inability to settle the outstanding subsidy payment that now stands at over N863 billion, with tendency to go beyond that if not paid.
Arraignment of oil marketers, five firms over $8.4m fraud stalled
The trail of two oil marketers, Yusuf Kwande and Osahon Asemota and five companies before Justice Mojisola Dada of the Special Offences Court in Ikeja over allegation of N8.4 million fraud was yesterday stalled due to the absence of all the defendants.
Oil marketers decry massive retrenchment, urge FG to pay N650bn subsidy arrears
Oil marketers have appealed to the Federal Government to pay them over N650 billion subsidy arrears to reverse the gale of retrenchment sweeping across the sector and sustain their operations.
The marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) made the appeal in separate interviews with the News Agency of Nigeria (NAN) in Lagos on Saturday.
