ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Energy

Oil Marketers, NNPC, strengthen partnership on Petrol supply

Business 360 by Business 360
April 1, 2019
in Energy
0
NNPC repair of refineries: Negotiations to finalise month-end

In its effort to ensure a seamless supply of Petroleum products across the Nation, the Nigerian National Petroleum Corporation (NNPC) disclosed yesterday that it has strengthened its partnership with oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN).

NNPC’s Group General Manager, Public Affairs, Mr. Ndu Ughamadu, explained that the agreement to reinforce the trade relationship between the company and the oil marketers was reached at a retreat held in Abuja by members of MOMAN.

According to the statement, Dr. Maikanti Baru, NNPC’s Group Managing Director, said the corporation, as the supplier of last resort, would continue to strengthen its relations with MOMAN to avoid any product supply gap.

Baru appreciated MOMAN for being a dependable ally in the supply and distribution of petroleum products nationwide, and noted that the marketers were a force to be reckoned with in the country’s downstream petroleum sector.

He added that other players in the sector like the NNPC Retail Limited were not in competition with MOMAN.

“We maintain good relations with MOMAN which have helped to ensure that there is products availability nationwide during the last Yuletide and the just concluded election period.

“MOMAN is living up to our expectation as partners. NNPC is ready to escalate whatever recommendations the association comes up with at the end of its retreat to appropriate authorities,” said Baru.

He stated that the Petroleum Industry Governance Bill (PIGB), when finally passed, would further strengthen and boost the business operations of MOMAN across the country, and that the workshop would help it brace up for the imminent reforms in the oil industry.

Baru, also urged MOMAN to always keep its contractual obligations to the NNPC, adding that remittances from it often go into the Federation Accounts Allocation Committee (FAAC) to service the needs of the various tiers of government.

The statement also quoted the chairman of MOMAN, Mr. Tunji Oyebanji, to have assured the corporation of its commitment, saying it was a dependable ally to NNPC in the supply and distribution of petroleum products.

Oyebanji, pledged MOMAN’s continued collaboration with NNPC, and disclosed that it was repositioning for future changes in the industry.
He said: “We have an outstanding relationship with NNPC and its downstream subsidiary, the Petroleum Products Marketing Company (PPMC).

We will continue to improve on the relationships to take the downstream sector of the oil and gas industry to enviable heights.”

Source: This Day News

Previous Post

S&P affirms Access Bank’s ratings

Next Post

TraderMoni gets UN applaud as program reaches 300,000 new beneficiaries.

Business 360

Business 360

Next Post
TraderMoni gets UN applaud as program reaches 300,000 new beneficiaries.

TraderMoni gets UN applaud as program reaches 300,000 new beneficiaries.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
COVID-19: Maize Farmers cut down production by 30%

COVID-19: Maize Farmers cut down production by 30%

July 15, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

February 9, 2023
Deputy British High Commissioner Engages Capital Market Stakeholders

NGX Appoints Advisory Panel on Digital Technology Products

February 7, 2023
FMDQ Depository Limited Becomes a Member of the International Securities Services Association

FMDQ Depository Limited Becomes a Member of the International Securities Services Association

February 7, 2023
Ethiopian Airlines assures Air Travelers of planned resumption of flight to Kano and Enugu

Ethiopian Airlines Inaugurates a second Aviation Academy Campus in Hawassa

February 7, 2023
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Political Economy
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

February 9, 2023
Deputy British High Commissioner Engages Capital Market Stakeholders

NGX Appoints Advisory Panel on Digital Technology Products

February 7, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!