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  […]

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