Tag: Mike Osatuyi

IPMAN, Others Laud Polaris Bank, Emadeb Energy for 20,000 mt Petrol Import

ADEOLA YUSUF

How Polaris Bank set record, funded Emadeb Energy Service Ltd petrol cargoe imports with N13 billion   The Independent Petroleum Marketers Association of Nigeria (lPMAN) has commended Polaris Bank, Nigeria’s leading digital commercial Bank and Emadeb Energy Services Limited, one of Nigeria’s leading indigenous players in oil and gas, for their collaborative efforts and strategic partnership that resulted in the recent importation of 20,000 metric tonnes of premium motor spirit (petrol) into the country. The National Operations Controller of lPMAN, Mr. Mike Osatuyi, speaking exclusively to PLATFORMS AFRICA, described the…

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EXCLUSIVE: Yes, Off-Spec Petrol In Circulation, Marketers Open Up

ADEOLA YUSUF

The oil marketers have exclusively confirmed to Platforms Africa that unspecified volume of off-spec Premium Motor Spirit (PMS) also known as petrol was imported into Nigeria. National Operations Controller of Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, who disclosed this in an exclusive interview with Platforms Africa, maintained that this off-spec product is being mopped-up and this effort has caused dislocation in the supply chain. Platforms Africa, known for its leadership in breaking news and investigative journalism, broke the news of fuel queues on Sunday, over 24 hours before…

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PIB: Petrol to sell for N300 per litre – Marketers

ADEOLA YUSUF

IPMAN Says Buhari has outlawed N165 per litre petrol regulated price with PIB’s Assent as clock ticks on corporate existence of  PPPRA, DPR, others     The retail price of Premium Motor Spirit (PMS) also known as petrol is to hit N300 per litre as President Muhammadu Buhari signed the Petroleum Industry Bill (PIB) into law. Independent Petroleum Marketers Association of Nigeria (IPMaN), which disclosed this exclusively to Platforms Africa, maintained that the regulated price of N165 per litre across the country has already been outlawed by Buhari’s action. READ…

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