Petrol marketers are insisting on the exchange rates of not more than N240 per dollar to import and recoup their investment, the Independent Petroleum Marketers Association of Nigeria (IPMAN) National Operation Controller, Mr. Mike Osatuyi, has said. He said the body has met the Federal Government on the issue, noting that foreign exchange (forex), […]
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to commence work on its proposed $3 billion (N1.08 trillion) refinery in two states in the federation. The National President of the association, Mr Chinedu Okoronkwo, made the disclosure in a chat with the newsmen in Lagos. IPMAN had in July 2014, acquired over […]
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The inability of petroleum marketers to pay or service banks loans in the last two years is threatening further importation and could worsen the financial position of banks. The marketers under the aegis of the Independent Petroleum Products Importers (IPPIs) said in a communiqué yesterday that members owe some banks as much as N305 billion […]
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Nigeria’s oil and gas sector accounts for about 80 per cent of the total corruption-related issues across the country, the Independent Petroleum Marketers Association of Nigeria has said. According to IPMAN, although some cases of corruption may not be seen as involving the oil sector at the surface level, in-depth analysis of most of such […]
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