• Latest
  • Trending
  • All
  • Politics

PIA: IPMAN Lauds Buhari, Says Act Will Engender Efficiency In Petroleum Sector

20/08/2021
Soludo Names New Gov’t House ‘Light House’

Soludo Names New Gov’t House ‘Light House’

04/06/2025
EEDC Educates Customers On Energy Mgt Skills To Check Effect Of Band Tarrif System

EEDC Educates Customers On Energy Mgt Skills To Check Effect Of Band Tarrif System

04/06/2025
Anambra Guber: Ikemba Front To Lead Ukachukwu’s Campaign As INEC Lifts Ban

Anambra Guber: Ikemba Front To Lead Ukachukwu’s Campaign As INEC Lifts Ban

04/06/2025
NSF: SWAN Anambra Chapter Condoles Kano Over Ghastly Auto Crash 

NOC Condoles Kano Government,, NSC, Ogun Government over Tragic Loss of Kano Athletes

01/06/2025
Anambra 2025: Ukachukwu/Ekwunife Ticket No Threat To APGA—Obigwe 

Anambra Guber: We Will Resist Your Plot To Rig, APGA Chieftain Tells APC Candidate 

01/06/2025
Anambra Guber: Okpuno Community Promises To Vote Soludo En-Bloc

Anambra Guber: Okpuno Community Promises To Vote Soludo En-Bloc

31/05/2025
NSF 2025: Anambra Finishes 20th On Medals Table With Two Gold

NSF 2025: Anambra Finishes 20th On Medals Table With Two Gold

31/05/2025
Unizik Dept. of Pharmaceutical and Medicinal Chemistry Hosts 2-Day Workshop

Unizik Dept. of Pharmaceutical and Medicinal Chemistry Hosts 2-Day Workshop

31/05/2025
NSF: SWAN Anambra Chapter Condoles Kano Over Ghastly Auto Crash 

NSF: SWAN Anambra Chapter Condoles Kano Over Ghastly Auto Crash 

31/05/2025
Anambra Clinches Gold In Female Boxing To Extend Medal Haul To 17

Anambra Clinches Gold In Female Boxing To Extend Medal Haul To 17

29/05/2025
Expert Seeks Legislation On Affordable Sanitary Products For Nigerian Girls

Expert Seeks Legislation On Affordable Sanitary Products For Nigerian Girls

28/05/2025
Udoh, Athlete Who Chose Nigeria Over America But Gunned Down(History)

Udoh, Athlete Who Chose Nigeria Over America But Gunned Down(History)

28/05/2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, June 4, 2025
  • Login
News Monitor ::
  • Home
  • World
    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Anambra Sports Commission Inaugurates 16 Associations 

    Anambra Sports Commission Inaugurates 16 Associations 

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

    Young Writers Hail Soludo’s Renaming Of Anambra Airport After Achebe,

    Young Writers Hail Soludo’s Renaming Of Anambra Airport After Achebe,

  • Politics
    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Anambra Sports Commission Inaugurates 16 Associations 

    Anambra Sports Commission Inaugurates 16 Associations 

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

  • Entertainment
    Nnaochie Foods: Unveiling Rich Igbo Culinary Museum In Awka

    Nnaochie Foods: Unveiling Rich Igbo Culinary Museum In Awka

    Basorge, Alibaba great inspirations to my entertainment dreams…‘SheddyJoe De Entertainer’’

    Singer Phyno Announces He Is A Father

    Singer Phyno Announces He Is A Father

    Peter Obi mourn Ace Nollywood Actors, Saint Obi, Afolabi

    Peter Obi mourn Ace Nollywood Actors, Saint Obi, Afolabi

    Anambra Govt Lifts Suspension on Wintess Hotel 

    Anambra Govt Lifts Suspension on Wintess Hotel 

    Two Nollywood Actors Feared Kidnapped

    Two Nollywood Actors Feared Kidnapped

    Whitemoney Emerges Winner of BBN6, Coasts Home N90m

    Anambra to upgrade of resorts to tourism sites…Commissioner

  • Health
    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Anambra Sports Commission Inaugurates 16 Associations 

    Anambra Sports Commission Inaugurates 16 Associations 

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

  • Sports
    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Anambra Sports Commission Inaugurates 16 Associations 

    Anambra Sports Commission Inaugurates 16 Associations 

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

No Result
View All Result
  • Home
  • World
    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Anambra Sports Commission Inaugurates 16 Associations 

    Anambra Sports Commission Inaugurates 16 Associations 

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

    Young Writers Hail Soludo’s Renaming Of Anambra Airport After Achebe,

    Young Writers Hail Soludo’s Renaming Of Anambra Airport After Achebe,

  • Politics
    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Anambra Sports Commission Inaugurates 16 Associations 

    Anambra Sports Commission Inaugurates 16 Associations 

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

  • Entertainment
    Nnaochie Foods: Unveiling Rich Igbo Culinary Museum In Awka

    Nnaochie Foods: Unveiling Rich Igbo Culinary Museum In Awka

    Basorge, Alibaba great inspirations to my entertainment dreams…‘SheddyJoe De Entertainer’’

    Singer Phyno Announces He Is A Father

    Singer Phyno Announces He Is A Father

    Peter Obi mourn Ace Nollywood Actors, Saint Obi, Afolabi

    Peter Obi mourn Ace Nollywood Actors, Saint Obi, Afolabi

    Anambra Govt Lifts Suspension on Wintess Hotel 

    Anambra Govt Lifts Suspension on Wintess Hotel 

    Two Nollywood Actors Feared Kidnapped

    Two Nollywood Actors Feared Kidnapped

    Whitemoney Emerges Winner of BBN6, Coasts Home N90m

    Anambra to upgrade of resorts to tourism sites…Commissioner

  • Health
    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Anambra Sports Commission Inaugurates 16 Associations 

    Anambra Sports Commission Inaugurates 16 Associations 

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

  • Sports
    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    2027: Atiku Should Be Statesman, Quit Contesting…Equity Movement 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Anambra Gov’t Intensifies Crackdown On Unapproved, Dangerous Structures 

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Civil Society Urges Ohanaeze To Intervene In Illegal Detention Of Nwajagu

    Anambra Sports Commission Inaugurates 16 Associations 

    Anambra Sports Commission Inaugurates 16 Associations 

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Expert Tasks Visual Artists On Commercialisation  As Maiden SE Photography Exhibition Holds In Awka

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Awka Villages Unite Against Cultism, Seek Collaboration With Security Agencies    

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    Group Tasks Widows On Education, Entrepreneurship, Kicks Off Empowerment Initiative 

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    2025 Guber: Engr Nwibe Best Choice For Ndi Anambra…LP Chieftain

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

    NAFDAC Rallies Police, DSS Against Fake Drugs, Food In Anambra

No Result
View All Result
News Monitor ::
No Result
View All Result
Home Business

PIA: IPMAN Lauds Buhari, Says Act Will Engender Efficiency In Petroleum Sector

by News Monitor
in Business
0
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

PIA: IPMAN Lauds Buhari, Says Act Will Engender Efficiency In Petroleum Sector

The National President of Independent Petroleum Marketers Association of Nigeria (IPMAN) says the Petroleum Industry Act (PIA) will engender a conducive environment for a more efficient downstream sector if well implemented.

IPMAN said this in a Statement signed by IPMAN National President, Alhaji Sanusi Fari and made available to newsmen in Awka on Friday.

It would be recalled that President Buhari on Aug. 16 signed the Petroleum Industry Bill into law.

Engr Sanusi Fari

It commended President Muhammadu Buhari for the political will of signing the Petroleum Industry Bill  into law after many years of its proposal without seeing the light of day.

The marketers said the assent to the PIB was an important milestone in the life of this present administration and a major breakthrough in the downstream business of petroleum products sales and marketing.

IPMAN also lauded the National Assembly for the courage to ensure that the bill sailed through in spite the obvious challenge.

The association said though the PIA was not without imperfections, it will bring transparency and accountability which would result in better profitability for the greater number of Nigerian people.

According to IPMAN, the PI Act, 2021 is long overdue in spite some disagreements on some issues, it will usher in a new era of transparency and accountability in the administration of petroleum resources in the country,” it stated.

Fari said commercialising the Nigeria National Petroleum Corporation NNPC under the Act would not only break its monopolistic grip of the industry but make it profit oriented and more answerable to Nigerians.

He said the PIA would open the space for more importers of petroleum products thereby giving way for competitive pricing and also encourage investment in refineries.

According to IPMAN, the PIA Act  will end NNPC being the sole importer of Premium Motor Spirit and increase competition by investors which is likely to lead to improvement of the economy.

“Under this Act, the NNPC would soon be transformed into a limited company which will start paying taxes to the Federal Government and dividends to shareholders.

“With this Act, there will be improved efficiency in the commercialised NNPC and IPMAN members in no distant time can easily plan ahead for various means of supply of products to their outlets as the market will now be opened.

“All our local refineries that have not been in operation will come back to life because of the likelihood of making returns on investment after the repairs,” it stated.

The association pledged its continued support for the Federal Government towards achieving its laudable objectives in the petroleum industry in the interest of citizens.

Share197Tweet123Share49
News Monitor

News Monitor

  • Trending
  • Comments
  • Latest
Erosion destroys property worth ₦200m at Rojenny Stadium—Ezeonwuka (videos)

Erosion destroys property worth ₦200m at Rojenny Stadium—Ezeonwuka (videos)

18/07/2023
Dorman Long Engineering HR,  Funmi Accused Of Alleged Bullying, Harassment Of Colleagues

Dorman Long Engineering HR,  Funmi Accused Of Alleged Bullying, Harassment Of Colleagues

08/03/2025

Ezeonwuka Lauds Anambra Gov’t  Burial Law, Ban On Depositing Of Dead Bodies In Morgues

02/02/2024

Police Returns To Regular Operations, Urges Public Confidence In Anambra

20

Sports Journalists Must Understand Games’ Rules, Be ICT Compliant…Nezianya

8

Ubah returns as Anambra FA Chairman, Balepo elected member

1
Soludo Names New Gov’t House ‘Light House’

Soludo Names New Gov’t House ‘Light House’

04/06/2025
EEDC Educates Customers On Energy Mgt Skills To Check Effect Of Band Tarrif System

EEDC Educates Customers On Energy Mgt Skills To Check Effect Of Band Tarrif System

04/06/2025
Anambra Guber: Ikemba Front To Lead Ukachukwu’s Campaign As INEC Lifts Ban

Anambra Guber: Ikemba Front To Lead Ukachukwu’s Campaign As INEC Lifts Ban

04/06/2025
News Monitor ::

Copyright © 2022 News Monitor.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • World
  • Politics
  • Entertainment
  • Health
  • Sports

Copyright © 2022 News Monitor.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In