DAPPMAN

Businessman and billionaire, Femi Otedola, has waded into the ongoing dispute between the Depot and Petroleum Products Marketers Association of Nigeria and the Dangote Refinery, advising the marketers to restructure and consider buying over…

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has countered claims by the Dangote Refinery that it alone was capable of supplying petroleum products sufficient to keep the country wet. A spokesman for the…

The Federal Government plans to inject about N2.7 trillion into the economy in order to cushion the inflationary effect of the fuel pump price hike. The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari,…

The Department of Petroleum Resources (DPR) says it has outlined four cardinal focus for downstream operations in its bid to continue to enable business and create opportunities in the oil and gas sector. A statement signed by Mr Paul Osu,…

GBOLABO AFUWAPE The Central Bank of Nigeria (CBN) has asked Deposit Money Banks (DMB) to forgo the interest charged on petrol subsidy-induced loans advanced to oil marketers from June 2017 to December 2018, our correspondent has learnt.…

Oil marketers on Saturday said they did not reach an agreement with Federal Government on the N800 billion subsidy arrears, saying their ultimatum to cease depots operations on Monday remained unchanged. Olufemi Adewole, Executive…