Boasting a population of 25 million, the markets of Cameroon are full to bursting. Along with dirt roads vermillion, turquoise and saffron handwoven mats are spread out as far as the eye can see, every empty space between them dotted with bowls towering with tomatoes, pepper, onions and garlic.
The Major Oil Marketers Association of Nigeria (MOMAN) has said total deregulation of the downstream sub-sector remains the best option, as no marketer is getting foreign exchange at N305 to a dollar for importation of petrol.
The Chairman, Major Oil Marketers Association of Nigeria (MOMAN), and Managing Director/Chief Executive Officer, 11Plc, Tunji Oyebanji, in this interview with FEMI ADEKOYA, talks about the need for deregulation in downstream sector, considering that investments are being stifled and a good percentage of subsidised fuel finds its way to neighbouring countries.
Hubb Stokman is the chief executive officer of OVH Energy. In this interview with journalists, he spoke on the problems militating against having a thriving and competitive downstream sub-sector and what can be done to address the issues. Excerpts: Oil Marketers have been calling on government to deregulate the downstream sector for its efficient running […]
The Debt Management Office, Ministry of Finance, Petroleum Products Pricing Regulatory Agency, Central Bank of Nigeria as well as oil marketers are to meet with the Senate Committee on Petroleum (Downstream) on Thursday (today) regarding the payment of subsidy debts. The Senate, on October 31, condemned the Federal Government for not paying the subsidy claims […]
Banks have confiscated multibillion naira worth of assets, including 79 filling stations and nine tank farms from fuel marketers as the lenders intensified collateral take-over spree in the downstream oil and gas industry. Oil Marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association (DAPPMA), who […]
Abuja, Nov. 19, 2018 (NAN) The Debt Management Office (DMO), says with the approval of the National Assembly, it has accelerated implementation of the Promissory Note Programme and Bond Issuance to settle oil marketers’ arrears. The DMO made this known in a statement it issued on Monday in Abuja, adding that the programme was to […]
Oil Marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association (DAPPMA), have appealed to the Federal Government for prompt payment of over N800 billion outstanding subsidy debts owed to save marketers from total shut down of operations. The marketers made the appeal in a joint […]
The Debt Management Office (DMO) is accelerating the implementation of the Promissory Note Programme and Bond Issuance to settle inherited local debts and contractual obligations due to various categories of creditors, including oil marketers. The measure is intended to stave off any intended confrontation with oil marketers and other creditors, a statement from the DMO […]