Reports that Nigeria’s state oil company, the NNPC recorded a 5.34 billion naira as ‘under-recovery’ cost for fuel in June made headlines over the return of petroleum subsidies. The NNPC has clarified its position and saying the fund was the differentials of the verified stock of the Petroleum Product Pricing Regulatory Agency. To put […]

Most of the major fuel marketers in the country have released their financial results for the first quarter of 2020 which showed losses and significant declines in profits.

Marketers Oil Association of Nigeria (MOMAN). In this interview, he speaks on crude oil price crash, what OPEC should do and what the Nigerian government should do to attract investors to the oil sector this trying time to improve its contributions to the nation’s GDP and by implication, the country’s sustainable development.

The Oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN) has reiterated that the global reduction in crude oil prices has presented Nigeria with the opportunity to reform and restructure its  petroleum downstream industry. Mr Tunji Oyebanji, MOMAN’s chairman  disclosed this in an interactive session energy editors in Lagos on the opportunities […]