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MEMAN demands regulation led collaboration in dom-market transition
Sopuruchi Onwuka Leading energy supply group in the domestic fuel market, the Major Energies Marketers Association of Nigeria (MEMAN), is calling on all stakeholders in the downstream petroleum industry to collaborate in pushing the ongoing deregulation and liberalization to expected…
Deregulation: WIEN endorses market reforms, mobilizes female investors
Aniekan Imeabasi Nigerian female investors and professional s in the energy sector, Women in Energy Network (WIEN), has urged the people to accept the ongoing reforms enunciated by President Bola Ahmed Tinubu’s administration of the federal government as the only…
Fuel subsidy: The saga, the façade and the facts
Sopuruchi Onwuka As Nigeria enters political campaign mode in preparation for the 2023 general elections, government’s domestic petrol subsidy has also traditionally surged to new heights despite the highly glorified Petroleum Industry Act (PIA) which ought to have activated deregulation…
Deregulation: Ogbeche calculates potential N12 trn gain for govt
Sopuruchi Onwuka The Group Managing Director of Rainoil Limited, Dr Gabriel Ogbechie, says full commercial deregulation of the nation’s domestic fuel market could save over N12 trillion. Dr Ogbeche who made a presentation on the benefits of deregulation at the…
MOMAN sees difficulty in inevitable deregulation
Sopuruchi Onwuka The Major Oil Marketers Association of Nigeria (MOMAN) says ending subsidy on Premium Motor Spirit (PMS) is extremely difficult but the Federal Government has no other option in light of current economic realities. MOMAN also called for massive…
Marketers, consumers lay conditions for deregulation
Poverty level too high for costly fuel Sopuruchi Onwuka Stakeholders in the Nigerian downstream petroleum industry have called on government to take convincing steps towards addressing multiple imbalances that unsettle the domestic fuel market, warning that it has become increasingly…
