REUTERS/Francis Mascarenhas
Business Oil & Gas Top Story

NNPC denies impending fuel price hike, urges public disregard for rumours

The Nigerian National Petroleum Company (NNPC) Ltd. has refuted claims of an imminent rise in the cost of Premium Motor Spirit (PMS), also known as petrol, urging citizens to dismiss unfounded speculations regarding a potential fuel price hike. Mr. Olufemi Soneye, the Chief Corporate Communications Officer of NNPC Ltd., reaffirmed this stance in a statement Read More…

Katsina Nigeria

Motorists grumble as fuel scarcity bites harder in Katsina

Drivers in Katsina State claim that the extreme scarcity of Premium Motor Spirit (PMS), also known as petrol, is having a negative impact on their companies. The Independent Petroleum Marketers Association of Nigeria (IPMAN) said that the problem was caused by flooding that shut down key roads leading to the country’s northern regions. This caused Read More…

Pius Utomi Ekpei/AFP/Getty Images/CNBC
Business Oil & Gas

IPMAN advises FG to speed up full deregulation of petroleum sector

As the country marked its independence, the Independent Petroleum Marketers Association of Nigeria (IPMAN), on Saturday in Abuja, pushed for the Federal Government to accelerate full deregulation of the petroleum sector to further open up the market. Speaking through its National Public Relations Officer, Alhaji Yakubu Suleiman, IPMAN said having full deregulation would help in Read More…

Metro Top Story Travel

Why some filling stations in Lagos are not selling fuel – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday said that filling stations in Lagos were not selling fuel because of uncertainty of the new pump price. IPMAN’s President, Mr Chinedu Okoronkwo, made this known in an interview with the News Agency of Nigeria (NAN) in Lagos. NAN reports that the Petroleum Products Marketing Company Read More…

Oil & Gas Top Story

Sell petrol at old rate until PPPRA gives directive, IPMAN tells members

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol at the old rate of N143 per litre, pending the new directive by the Petroleum Products Pricing Regulatory Agency (PPPRA).The National Public Relations Officer of IPMAN, Alhaji Suleiman Yakubu, said this during an interview with the News Agency of Nigeria Read More…