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Tag: IPMAN

Oil and Gas

IPMAN urges NNPCL to fast-track refinery deal with Chinese firms

Oil marketers under the Independent Petroleum Marketers Association of Nigeria have urged the Nigerian National Petroleum Company Limited to fast-track the proposed Technical Equity Partnership with two Chinese companies for the completion and operation of the Warri and Port Harcourt refineries. They expressed concern that the conclusion of the agreement with the Chinese firms is […]

Business

IPMAN slams NNPCL over bid to raise Dangote Refinery stake

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, has criticised the Nigerian National Petroleum Company Limited over its bid to raise its equity stake in the Dangote Petroleum Refinery, citing the deteriorating condition of state-owned refineries. Ukadike was responding to remarks by the President of the Dangote Group, Aliko […]

featured Oil and Gas

Dangote Refinery PMS supply to crash petrol prices — IPMAN

The Independent Petroleum Marketers Association of Nigeria has called on its members nationwide to patronise the Dangote Petroleum Refinery in the purchase of Premium Motor Spirit noting that the refinery currently offers the most affordable prices for marketers, even as free delivery is expected to commence in January 2026. The association expressed satisfaction over a […]

Oil and Gas

Ex-IPMAN boss backs 15% import duty to protect local refineries

The former National Operations Controller of the Independent Petroleum Marketers Association of Nigeria, Mr. Mike Osatuyi, has commended President Bola Tinubu for approving a 15 per cent import duty on petrol and diesel. In an interview with Newsmen in Lagos on Sunday, Osatuyi said that the policy would protect local refineries and attract new investments […]

Business

IPMAN directs members to register with Dangote refinery

The Independent Petroleum Marketers Association of Nigeria has instructed members yet to register with the Dangote refinery to do so immediately, ahead of the refinery’s planned direct supply of petroleum products. The refinery had earlier announced that it would begin free nationwide distribution of petrol on September 15. In a memo issued on Saturday, IPMAN […]

Top 10 countries with lowest fuel prices in 2024
Oil and Gas

IPMAN, NUPENG strike begins, shuts filling stations in Ibadan

The indefinite strike declared by some major players in the downstream sector commenced on Monday, with many filling stations in Ibadan shut and just a few selling petroleum products. The South-West zone of the Independent Petroleum Marketers Association of Nigeria and the Nigeria Union of Petroleum and Natural Gas Workers had issued directives for their […]

Oil and Gas

Dangote refinery gets IPMAN’s full backing in distribution dispute

The national leadership of the Independent Petroleum Marketers Association of Nigeria has distanced itself from the strike notice issued by its Western Zone members, affirming that the association fully supports operations at the newly commissioned Dangote Refinery. The Western Zone of IPMAN had announced plans to down tools over Dangote Industries Limited’s decision to distribute […]

Business

IPMAN presses NNPCL to pay outstanding equalisation funds

The Independent Petroleum Marketers Association of Nigeria has urged the Nigerian National Petroleum Company Limited to settle outstanding petroleum equalisation funds owed to its members. IPMAN also called on NNPCL’s Group Chief Executive Officer, Bayo Ojulari, to clear pending loading tickets by supplying marketers with products they had already paid for. Speaking on Thursday, IPMAN’s […]

Oil and Gas

Fix port Harcourt refinery or resign, IPMAN tells Ojulari

The Independent Petroleum Marketers Association of Nigeria has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, to urgently repair the Port Harcourt Refinery or step down from his position. In a statement signed by the association’s Eastern Zonal Secretary, Comrade, Emmanuel Inimgba, IPMAN decried the prolonged shutdown […]

Business

IPMAN suspends strike as Lagos agrees to dialogue  

The Independent Petroleum Marketers Association of Nigeria has called off its strike along the Lekki-Epe corridor following the Lagos State Government’s decision to engage in talks over the N12,500 E-Call Up fee imposed on truck operators using the route. This development was confirmed in a letter signed by IPMAN’s National Secretary, Hon. James Terlunun Tor, […]

Business

Lagos call-up fee could trigger petrol price hike, IPMAN warns

The Independent Petroleum Marketers Association of Nigeria has cautioned that the Lagos State Government’s new N12,500 electronic call-up parking fee could lead to a rise in petrol pump prices. IPMAN’s National Publicity Secretary, Chinedu Ukadike, made this known in an interview on Tuesday in Lagos, according to News Agency of Nigeria. He urged the government […]

Domestic refining output falls by 92% - Report
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P’Harcourt refinery wasn’t producing petrol before shutdown – IPMAN

The Independent Petroleum Marketers Association of Nigeria stated that the Nigerian National Petroleum Company Limited had to shut down the Port Harcourt Refining Company to save face. IPMAN emphasized that the shutdown has little impact on the Nigerian petrol market, noting that the refinery had not produced petrol for nearly three months before the closure. […]

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