Tag: MOMAN

Subsidy Removal: MOMAN, IPMAN, DAPPMAN Confirm Possible Price Adjustment

Efe Wellington

. Why We appreciated clarity of policy from Tinubu administration — MOMAN, DAPPMAN   The Independent Petroleum Marketers Association of Nigeria, IPMAN, as well as the Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) have applauded and endorsed the pronouncement by President Bola Ahmed Tinubu, on the phase-out of the petrol subsidy regime. In a statement in Lagos, the Marketers, appreciated the clarity of policy from the Tinubu administration, a direction that signals a courageous and pragmatic shift in the nation’s economic…

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BREAKING: Bridging Payment To Fuel Marketers Hits N74bn in 7 Months

ADEOLA YUSUF

Here, according NMDPA, is the breakdown of how much MOMAN members, IPMAN members, NNPC Rwtails and DAPPMAN members collected.   Payment of bridging claims to fuel marketers in Nigeria has hit N74 billion in just seven months Platforms Africa reports that the Nigeeia Midstream and Downstream Petroleum Regulatory Authority (NMDPA), which declared this in a statement maintained that so far, the Authority paid N71,233,712,991 bridging claims and another N2,736,179,950.84 freight differentials to the Marketers as at 6th June, 2022. READ ALSO: BREAKING: Buhari Hikes Fuel Freight Rate, Worsens Subsidy Burden…

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NNPC, MOMAN, DAPMAN Team Up Against Fuel Queues

ADEOLA YUSUF

The Major Oil Marketers Association of Nigeria (MOMAN) has assured the Nigerian public that its members are working with the regulatory Authorities and the Nigerian National Petroleum Company Limited (NNPC) towards a resolution of the current fuel crisis. Platforms Africa reports that a statement signed by MOMAN Chairman, Olumide Adeosun, stated that MOMAN subject-matter experts are active contributors to the technical and commercial committees set up by the regulatory Authorities to re-stock fuel supplies, resolve the blending of contaminated products and identify losses suffered by customers, operators and third parties.…

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Oil Minister, Marketers Meet over N3trn Subsidy, Takeoff Shift

ADEOLA YUSUF

Our stand on 18-Month Extension for Subsidy Removal – MOMAN Minister of state for Petroleum Resources, Timipre Sylva, has met with Major Oil Marketers Association of Nigeria (MOMAN) over issues around the planned N3 trillion Subsidy payment as well as the shift in the implementation of the end of fuel subsidy. Chairman of MOMAN, Olumide Adeosun, who disclosed this at a press conference in Lagos on Monday, maintained that his group is, asides the meering that took place last Wednesday, seeking further engagement with Mr. Sylva and other top government…

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MOMAN new Chairman, Olumide Adeosun, unveils agenda, speaks on PIA

ADEOLA YUSUF

Meet Olumide Adeosun, Professional Oil Marketer who just tookover MOMAN leadership mantle, first after Petroleum Industry Act (PIA)   The Major Oil Marketers Association of Nigeria, MOMAN, has announced the appointment of Mr. Olumide Adeosun, CEO, Ardova Plc, as Chairman of the Association with effect from Wednesday, September 01, 2021. Platforms Africa reports that Adeosun is the first chairman to be appointed by the group after the Petroleum Industry Act (PIA). He succeeds Mr. Tunji Oyebanji, CEO, 11 Plc, who was Chairman from 2019-2021. READ ALSO: Nigeria Pays Oil Marketers,…

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‘Reasons Nigeria’s petrol ‘consumption’ skyrocketed to 72.72m litres daily’

Efe Wellington

  Real reasons Nigeria’s petrol consumption skyrocketed to 72.72m liters daily – Marketers   Major Oil Marketers Association of Nigeria (MOMAN) has given real reasons petrol consumption skyrocketed to 72.72m liters daily in the country. MOMAN in a statement made available to Platforms Africa, maintained that the consumption skyrocketed from 57.44 million litres sold a month earlier, exposing the thriving activities of smugglers in the nation’s petroleum industry. The Nigerian National Petroleum Corporation (NNPC) is yet to make any official data of petrol consumption available in the country. An official…

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Nigeria’s major oil marketers advocate post-deregulation National Dialogue

Tade Salako

  The Major Oil Marketers Association of Nigeria, MOMAN, has called for a national discourse among all stakeholders including Government, Labour, Civil Society Organizations, the Organized Private Sector and Operators. The dialogue, they said, is not on the merits or demerits of petrol subsidy removal but on the initiatives that can be taken to ease the impact of the subsidy removal on the most vulnerable in our society. Speaking at a virtual press briefing, Chairman of MOMAN, Mr. Adetunji Oyebanji, maintained that the group “remains committed to the sustainability and…

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