Oil & Energy
No Plan To Pull Out Of NIPCO, Says IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it has no plan to pull out of the joint ownership of the Nigerian Independent Petroleum Company (NIPCO).
IPMAN National President, Alhaji Abdulkadri Aminu, who gave the undertaking, told newsmen in Lagos on Sunday that the association had major shares in NIPCO.
“The IPMAN is still a major shareholder of NIPCO and we have considered the company as the only one that can protect our interest,’’ he said.
Aminu said that the purported Memorandum of Understanding (MoU) signed by some former members of the association led by Alhaji Musa Felande-Mohammed with Capital Oil and Gas Limited was not done on behalf of the association.
The IPMAN national president said that only the national body of the association had the right to sign the document and make such a pronouncement.
Alhaji Musa Felande-Mohammed, who led other group, on March 24, said that his group had signed MoU with the Capital Oil and Gas Limited.
Felande-Mohammed said that his group signed the agreement based on the difficulty they faced at the depots in accessing petroleum products for loading and distribution to consumers.
Aminu urged the management of Capital Oil and Gas not to sign any MoU without the official confirmation from the national body of the association.
He said that the Felande-Mohammed led group ceased to be members of the association based on a court judgment since 2008.
IPMAN chief said that the MoU signed with the Capital Oil by Felande-Mohammed group without the consent of the national body was wrong and fraudulent.
Commenting, Alhaji Taofeek Lawal, NIPCO Manager, Corporate Affairs Department, said that there was no crisis between NIPCO and IPMAN since they signed an agreement in 2001.
Lawal said that the purported MoU signed by Felande-Mohammed group awith Capital Oil has no effect on the company, adding, “IPMAN and NIPCO are good partners”.
NAN reports that NIPCO, formerly IPMAN Petroleum Marketing Company Limited (IPMCL) was incorporated by IPMAN members on Jan. 8, 2001 as a limited liability company.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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