Oil - Sharpedge News

The Supreme Court has upheld Chief (Dr), Kolawole Adewoyin as the authentic National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN). The apex court, we gathered dismissed the appeal brought by Alhaji Engineer Sanusi Abdul-Fari, Alhaji Debo Ahmed and the Registered Trustees of Independent Petroleum Marketers Association of Nigeria (IPMAN). It would be recalled that Adewoyin in 2023, filed a counter-affidavit in Appeal No. SC/CV/234/2023, in which he urged the court to dismiss the application filed by the appellants, on the ground that it is another attempt by the appellants to continue to elongate their tenure in office and seeking judicial backing to their act of illegality. He added that a copy of a Motion on Notice filed by the Appellants/Applic...

The National Economic Council (NEC), presided over by Vice-President Yemi Osinbajo, has agreed that the removal of petrol subsidy should be suspended temporarily. NEC, however, said all of the preparatory works should continue in consultation with the states and other key stakeholders, including representatives of the incoming administration. The resolution comes just two months to the scheduled time for the removal of the costly petrol subsidy – also called under-recovery. Last year, following a N3.35 trillion subsidy budget, the federal government said it would stop under-recovery payments in June 2023. Speaking at the NEC forum, on Thursday, Zainab Ahmed, minister of finance, budget and national planning, said the proposed removal of subsidy should not be done now. “What...

Tag: Oil

Breaking News: Supreme Court Upholds Adewoyin As IPMAN Authentic National President

FG Suspends Petrol Subsidy Removal