The NMDPRA said that the importers must meet regulations as stipulated by the Petroleum Industry Act, 2021.
Browsing: oil marketers
The conditionality is contained in the draft of the Petroleum Industry Bill passed by the Senate on July 1.
The IPMAN Public Relations Officer, Alhaji Yakubu Suleman, made the appeal in a statement in Abuja.
The marketers, who kicked against the planned industrial action by the Nigerian Labour Congress over hike of petrol pump price and electricity tariff, said they will be forced to lay off staff as the business terrain across the country is becoming increasingly difficult.
The Chairman of MOMAN, Adetunji Oyebanji, made the disclosure during a webinar on: “Downstream Petroleum Market Deregulation: Prospective Impact on Nigeria Economy Post COVID-19.”
Olufemi Adewole, Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria, said in a statement in Lagos that offers by government failed to meet the legitimate demands of the association.
The Chairman, House of Representatives’ Committee on Petroleum (Downstream), Joseph Akinlaja, has urged the federal to pay oil marketers arrears of subsidy to avoid disruption in the sector.
The Economic and Financial Crimes Commission on Monday, arraigned two oil marketers, Yusuf Kwande and Osahon Asemota in an Ikeja Special Offences Court, for allegedly stealing 6.4 million metrics tonnes of Automated Gas Oil worth $8.4million.
Oil marketers on Sunday appealed to Federal Government to effect quick payment of its outstanding N800 billion subsidy debts.
The Debt Management Office says it has commenced the accelerated implementation of settlement of government arrears through promissory notes to oil marketers.
The marketers, under the aegis of Major Oil Marketers Association of Nigeria, made the call in separate interviews with the News Agency of Nigeria in Lagos.
The oil marketers disclosed this at a joint media briefing with the OPS in Lagos.
Some of the marketers, who preferred anonymity, confirmed to NAN on Wednesday in Lagos that they resorted to adopt a massive sack of their workers as the Federal Government had yet to pay an outstanding N650 billion debts owed them.
The News Agency of Nigeria reports that the meeting, chaired by the minister, was attended by Chief Executive Officers of 46 major oil companies in the country
The Depots and Petroleum Products Marketers Association of Nigeria on Tuesday appealed to the Federal Government to look into their…
In spite of this, he added that Federal Government owed the marketers N100 billion for the third and fourth quarters of 2013
A NAN correspondent, who monitored the situation at Ejigbo and Mosinmi depots, reports that long queues of trucks were awaiting their turns at the depots
Also charged with him are Mamman Ali, son of Dr Ahmadu Ali, a former Chairman of the Peoples Democratic Party; Christian Taylor; and their firm, Nassaman Oil Services
Idigbe told the court that the accused were also present in court as early as 7am for their arraignment, stressing that there was no likelihood that they would jump bail