IPMAN
Marketers demand urgent N25bn payout from NNPC
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has renewed calls on the Nigerian National Petroleum Company Limited (NNPC Ltd.) to settle long-standing petroleum equalisation funds and outstanding loading tickets owed to its members. IPMAN’s Publicity Secretary, Chinedu Ukadike, in a media briefing on Thursday, stressed that despite the remarkable revenue growth recorded by the […]
Fuel Marketers Approve Refinery Divestment, Project Price Relief
Oil marketers and industry stakeholders have expressed strong support for the proposed sale or privatisation of Nigeria’s long-dormant refineries under the management of the Nigerian National Petroleum Company Limited (NNPC Ltd), citing the potential for increased market competition, operational efficiency, and ultimately lower fuel prices for consumers. Their reactions follow the candid remarks by NNPC’s […]
Marketers Urge Dangote Refinery to Sell Petrol Below N800 per Litre
Amid growing concerns over the cost of Premium Motor Spirit (PMS), also known as petrol, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Dangote Petroleum Refinery to reduce its pump price to below N800 per litre. Currently, petrol is being sold at between N815 and N825 per litre from the Dangote […]
IPMAN Accuses NMDPRA of Unpaid Bridging Claims in Petition to DSS
The lingering debt crisis between the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has resurfaced, as IPMAN has again petitioned the Department of State Services (DSS) over unpaid bridging claims totaling over N150 billion. This development was disclosed during a courtesy visit by IPMAN National […]
Marketers Import N436bn Petrol as Rift with Dangote Deepens
Nigeria’s downstream petroleum sector is gripped by a new wave of tension as independent oil marketers have resumed large-scale petrol importation, sidelining the $20bn Dangote Petroleum Refinery despite its growing production output. In just nine days, over 496 million litres of Premium Motor Spirit (PMS) valued at approximately N436.37bn were imported into the country, reinforcing […]
Fuel Ban Fears Spark Dangote, Marketers Clash
The looming possibility of a fuel import ban in Nigeria has reignited tensions between the Dangote Petroleum Refinery and key petroleum marketers, sparking fears that petrol prices could skyrocket to N1,500 per litre if importation is halted. This warning came from the Independent Petroleum Marketers Association of Nigeria (IPMAN), which urged President Bola Tinubu to […]
Dangote: Cabals Still Sabotaging Our Refinery Efforts
Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has raised fresh concerns over ongoing sabotage attempts against his $20 billion refinery in Lekki, Lagos, blaming entrenched interests profiting from Nigeria’s decades-long dependence on fuel importation. Speaking at an investor forum in Lagos on Friday, Dangote declared that while the fight to operationalize […]
IPMAN Raises Alarm as SGR Undercuts Petrol Price to N899/Litre
In a bold market move that has reignited pricing wars in Nigeria’s deregulated petroleum sector, SGR, an independent oil marketer, has reduced the pump price of premium motor spirit (PMS) to N899 per litre in Ogun State — the lowest in the country. The development has triggered mixed reactions from stakeholders, with the Independent Petroleum […]