Amid worsening fuel scarcity across the country, the Independent Petroleum Marketers Association of Nigeria, IPMAN, has threatened to cripple the supply of Premium Motor Spirit, PMS, also known as petrol, over non-payment of ₦200 billion bridging claims.
In a statement signed by its association’s Unit Chairman and spokesperson, Aba Depot, Oliver Okolo, he said the threat was issued with the backing of the national leadership.
Okolo claimed that the debt is being owed by the Nigerian Midstream and Downstream Petroleum Regulatory Commission, NMDPRA.
African investors accounted for 22.76% of Nigeria’s foreign capital inflows in Q3 2024.
The National Bureau of Statistics (NBS) has reported that African investors, excluding those from Nigeria, contributed 22.76% of the total...
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