Tag: Marketers
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N800b subsidy debts: Oil marketers order shutdown of depots from today
Depot and Petroleum Products Marketing Association (DAPPMA) on Sunday directed its members to shutdown services as from 12 midnight. A directive from the DAPPMA Executive Secretary, Mr. Olufemi Adewole, sent to members, said the association’s efforts to make the Federal Government pay its N800 billion subsidy debts were not successful. But, the news came as…
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Strike: Marketers reluctant to sell petroleum products
Some petroleum products marketers in Kano State have closed their filling stations in anticipation of the impending strike scheduled to begin on Tuesday by the organised labour. The News Agency of Nigeria reports that long queues of vehicles resurfaced in some petrol stations in some parts of the state on Monday. Most product marketers in…
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Scarcity: NNPC goes after erring fuel marketers, hawkers
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it had intensified the arrest and prosecution of erring marketers and fuel hawkers across the country. A statement by the NNPC Spokesman, Mr Ndu Ughamadu in Abuja, said the crackdown was part of efforts to eliminate the queues by sanitising the fuel supply and distribution system.…
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FG no longer paying subsidy to marketers on fuel importation – Adeosun
The Minister of Finance, Kemi Adeosun, says no more payment of fuel subsidy to marketers as the Nigeria National Petroleum Corporation bears the loss of fuel importation “on behalf of all Nigerians”. Adeosun said this while fielding questions from State House correspondents after the Federal Executive Council meeting, which was presided over by President Muhammadu…
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Fuel scarcity: Marketers meet FG, agree to sell at N145 per litre
Sequel to series of meetings with the Federal Government officials and other stakeholders in the petroleum sectior, oil marketers on Wednesday agreed to allow the pump price of petrol to remain at N145 per litre, reversing their previous stance on increasing the pump price of the product. Recall that the Chairman of the Depot and…
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Scarcity: NNPC ignores DAPPMA, to sell fuel directly to marketers
As part of efforts to find a long lasting solution to the constant fuel scarcity, the Nigeria National Petroleum Corporation (NNPC) in a stakeholder meeting held at the Presidential Villa in Abuja on Wednesday decided to henceforth sell petroleum products directly to marketers. The decision, if implemented will see to the elimination of the middlemen…
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Fuel Scarcity: We’ll load on 24hr basis when NNPC supplies us – Marketers
The Depot and Petroleum Products Marketers Association, DAPPMA, on Tuesday expressed concern over the inability of Nigerian National Petroleum Corporation (NNPC) to send petrol to its members’ depots. DAPPMA’s Executive Secretary, Olufemi Adewole, in a statement in Lagos, urged NNPC to help the association so as to alleviate the suffering of Nigerians. “Our members’ depots…
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Why Yoruba filmmakers are dumping marketers
In the past, Yoruba filmmakers are known to explore traditional models of marketing. What this means is that, when a film is released, they give it to a marketer who helps them to handle the movie’s distribution and sales. With the advent of social media and Youtube , the game has changed. TNS reports that…