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 […]