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  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 […]

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 […]

LAGOS STATE, NIGERIA –  The oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN) at the weekend  reiterated its continued partnership with the Nigerian National Petroleum Corporation (NNPC) to ensure seamless supply of petroleum products across the country. It’s  Chairman, Tunji Oyebanji, gave the assurance at a press conference in Lagos on […]

The Major Marketers Association of Nigeria, MOMAN, at the weekend reiterated its continued partnership with the Nigerian National Petroleum Corporation (NNPC) to ensure seamless supply of petroleum products across the country. In a statement sent to Vanguard, Chairman of MOMAN, Mr. Tunji Oyebanji, who stated this in Lagos, urged the Federal Government to consider removing […]

Marketers of petroleum products under the aegis of Major Oil Marketers Association of Nigerian (MOMAN), have once again called for an increase in the margin of their investments to enable them get funds needed to invest in their distribution infrastructure. MOMAN, which also called for reforms in the downstream sector of the nation’s oil and […]

To further halt the degradation of the petroleum distribution infrastructure, the Major Oil Marketers Association of Nigeria (MOMAN) has advocated the immediate increase in margins on Premium Motor Spirit (PMS) popularly called petrol to players in the industry. MOMAN Chairman, Mr. Adetunji Oyebanji, disclosed this during a media briefing on the state of the downstream industry […]

LAGOS  – The Major Oil Marketers Association of Nigeria (MOMAN), weekend implored the Federal Government to consider removing subsidy on petroleum products on the strength of the dwindling crude oil prices caused by the deadly Coronavirus. Tunji Oyebanji, Chairman of MOMAN, who gave the advice at a press conference in Lagos, said the N450billion the […]

The Major Oil Marketers Association of Nigeria has said it will support the Federal Government and the Nigerian National Petroleum Corporation to eliminate fuel theft and other illegal activities in the downstream petroleum industry. The Chairman, MOMAN, Mr Adetunji Oyebanji, said the association recently attended a working session under the direction of the Group Managing […]