• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, July 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Bridging Fund: Mid/Downstream Regulator Meet, Resolve Differences

by Nse Anthony - Uko
3 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), and the South-West Independent Petroleum Marketers Association of Nigeria (IPMAN) have agreed to work together to ensure the availability of petrol to consumers.

Advertisement

The agreement was reached following a meeting between top executives of the marking group and the Authority chief executive, Engr. Farouk Ahmed in Abuja.

A statement by the general manager, Corporate Communications department, NMDPRA, Kimchi Apollo yesterday said the marketers pledged its continuous support to the federal government by ensuring that Petroleum Motor Spirit, PMS, is available at the regulated price of N165 per litre, at retail stations.

The marketers have been at odds with NMDPRA over bridging cost and ex-depot price of petrol at privately owned depots.
Ahmed, while welcoming the Association as critical stakeholders in the energy sector, assured them of the Authority’s support in their business of distributing petroleum products to all nooks and crannies in the country.

He expressed concern about the rise in petroleum product theft and pipeline vandalism, especially line 2B which services Mosimi, Ibadan and Ilorin depots, leading to revenue losses for the government.

RELATED

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

8 hours ago
Nigeria’s Internet Subscribers Reach 148m, Highest In 14 Months

Despite 50% Tariff Hike, Internet Usage Hits 1m TB In May

20 hours ago

He therefore urged South-West IPMAN to assist in checkmating the unscrupulous act as they have done in the past.

He also revealed that the Authority had received complaints of private petroleum depots selling PMS above the approved price, thereby disrupting the entire value chain, leading to higher pricing in some areas. He called on the Association to report any depot selling products to its members, above the approved ex-depot prices.

In his remarks, the zonal chairman, IPMAN South-West, Alhaji Dele Tajudeen Lamidi, highlighted some of the problems faced by the marketers including product sharing, rise in penalties, difficulty in getting tax clearance, high cost of doing business in the country, amongst others.

He pledged to the Authority and Nigerians that despite all the challenges the Association is facing, it has resolved not to embark on any industrial action as a conflict resolution technique.

“As far as we are concerned in the South-West, we have gone beyond strike.  Strike is not the solution to any problem because if there is a strike, it affects the masses and our businesses.

“We will work together to ensure free flow of petroleum products and also make sure that products are sold at the government-regulated price, if we get them at the normal price”, the zonal chairman said.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

KDSG Flags Off Distribution Of Free Education Materials

Next Post

Liberians Express Themselves Through Dancing – Kzee Bigname

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island
Business

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

2025/07/05
Nigeria’s Internet Subscribers Reach 148m, Highest In 14 Months
Business

Despite 50% Tariff Hike, Internet Usage Hits 1m TB In May

2025/07/05
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations
Business

Interim Dividend: Stocks Gain N377bn In 1 Week

2025/07/05
Nigeria Is Top Investment Pick, Says Asia Fund Veteran
Business

Nigeria Is Top Investment Pick, Says Asia Fund Veteran

2025/07/05
Galaxy Backbone, REA Partner To Power Rural Areas
Business

Galaxy Backbone, REA Partner To Power Rural Areas

2025/07/05
Segilola Resources Unveils Livelihood Programme For Osun Communities
Business

Segilola Resources Unveils Livelihood Programme For Osun Communities

2025/07/05
Leadership Conference advertisement

LATEST

ICC Under Fire Over ‘Bias’ Against Africa

In Brazil, Tinubu Vows To Eliminate Delays, Bureaucratic Bottlenecks In Agric Sector

Nigerian Gov’t Grants Visa Overstayers Amnesty To Regularise Status

Revocation: Kaduna Govt To Refund Buyers Of Queen Amina, Alhuda-huda College Houses 

40 Ghanaian Victims Rescued As Police Bust Human Trafficking Syndicate In Ondo

NASS To Transmit Constitution Review Report To State Assemblies Before December

Jigawa Local Gov’t Chairman Dies At 61

Club World Cup: 9-man PSG Defeat Bayern To Reach Semi-final

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

Liverpool Stars Honour Diogo Jota, André Silva At Funeral In Portugal

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.