Fear Of Federation Account Depletion Raises As Crude Nears $70       The international oil benchmark, Brent Crude, was less than 30 cents from hitting $70 amid market optimism on the United States and Europe reopening. The benchmark had gained $0.83, to trade at $69.71 as of 2:44...

Senate Uncovers N120bn Varying Oil Subsidy Payments       The Senate Committee on Public Accounts on Wednesday uncovered a differential of N120 billion in the payment of subsidy to the Independent Petroleum Marketers Association of Nigeria (IPMAN) by the Petroleum Products Pricing Regulators (PPPRA) in 2016. The panel,...

NNPC, IPMAN Caution Against Panic Buying As Fuel Queues Return       The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have cautioned motorists against panic buying as fuel queues returned in Abuja and Lagos. The Economic Confidential gathered that many filling...

Marketers To Nigerians: Expect To Pay N195/litre For Petrol       Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying price may rise to N195 per litre. They lamented what they described...

Fuel Scarcity Looms As Marketers Disrupt Petrol Loading       Members of the Independent Petroleum Marketers Association of Nigeria on Wednesday disrupted loading of petroleum products at private depots in Apapa as well as Ibadan, Ejigbo and Mosimi depots belonging to the Nigerian National Petroleum Corporation. Our correspondent...

Insecurity: Fuel Scarcity Looms As IPMAN Shuts Down Petroleum Stations In Oyo         Petroleum dealers, on the platform of Independent Petroleum Marketers Association of Nigeria, (IPMAN), Ibadan depot have threatened to shut down all petroleum stations in Oyo State. IPMAN noted that the need to shut down...