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Business
July 1, 2026

IPMAN threatens nationwide shutdown over fuel price control

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to shut down filling stations nationwide if the Federal Government attempts to enforce price controls in the deregulated downstream petroleum sector.   IPMAN’s National Publicity Secretary, Chinedu Ukadike, issued the
Business
June 30, 2026

FG orders marketers to reflect crude oil price drop in petrol prices

uThe Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure petroleum marketers do not exploit consumers through excessive fuel pricing under the deregulated downstream sector.   Minister of State for Petroleum Resources (Oil), Senator