US–Iran war: Oil marketers raise pump price to N1,100 per litre as crude hits over $100 per barrel
Oil marketers have increased the pump price of Premium Motor Spirit (PMS), also known as petrol, to N1,100 per litre from N1,000 per litre, following the rise in crude oil prices to over $100 per barrel amid the conflict between the United States and Iran.
Aviation fuel scarcity: MOMAN promises to fill gap
The Major Oil Marketers Association of Nigeria (MOMAN) has urged airlines and air travellers not to panic over reports of aviation fuel scarcity as its members have enough product in their stock to meet the industry’s needs.
Oil marketers protest alleged N400m fraud against oil companies
A major crisis was averted, weekend, in Lagos State, when a group of oil marketers protested inhuman acts against them by owners of tank farms in Kirikiri, Apapa area of the state, after they had allegedly paid over N400 million to three oil companies for the supply of the commodity.
Oil marketers cheat Nigerians by N198,500 per truck of product sold — Official
Mr Mohammed Sidi, Director, Weights and Measures Department, Federal Ministry of Industry, Trade and Investment, says that oil dealers have been cheating Nigerians of N198,500 per truck sold.
Presidency, NASS, to meet oil marketers
The federal government has proposed a meeting with the independent oil marketers as one of the measures aimed at averting fuel crisis this Yuletide season.
Subsidy debts: FG to pay oil marketers N236bn next Friday
The Federal Government, Saturday, said it would pay oil marketers N236 billion next Friday, being first tranche of the outstanding N348 billion subsidy claims owed members of the Major Oil Marketers Association of Nigeria, MOMAN, and the Depot and Petroleum Products Marketers Association, DAPPMA.
Oil marketers ultimatum expires Monday, shortages loom
Prospects of another round of fuel scarcity in the country emerged Saturday as oil marketers said they were yet to reach an agreement with the Federal Government on the N800 billion subsidy arrears.
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.
