Business
Oil Marketers Begin Fuel Importation

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says oil marketers have started importing petrol into the nation.
Until now, the importation of the product was solely done by the NNPC Limited.
Speaking at the stakeholders’ engagement in Lagos, Monday, the Chief Executive Officer of the NMDPRA, Farouk Ahmed, said of the 56 oil marketing companies that applied for licences, 10 demonstrated commitment while three have imported fuel into the nation.
Ahmed listed the three companies currently importing the product to include, A.Y. Ashafa, Prudent and Emadeb, adding that others would import in the coming weeks.
However, the NMDPRA boss expressed the commitment of the federal government towards the deregulation of the sector in line with the Petroleum Industry Act, PIA.
He said some challenges that previously affected the seamless importation of the product were being addressed.
Recently, the oil marketers urged the federal government to tackle insecurity and suspend the 7.5 per cent Value Added Tax, VAT on diesel as part of measures needed to impact operations in the downstream sector.
The oil markers also urged the government to put in place measures capable of addressing the rising cost of food items and transportation in the nation in order to impact the welfare of citizens affected by the recent deregulation of the sector.
The Chairman, Major Oil Marketers Association of Nigeria, MOMAN, Olumide Adeosun, who applauded the government for inaugurating the committee on fiscal policy and tax reforms by President Bola Tinubu, said the measures are needed as citizens currently pass through very difficult times.
In a statement obtained by Vanguard, MOMAN members had confirmed the capacity of its members to import petrol into the country; especially since their licenses are renewed on a quarterly basis.
He said: “The reality is that many of us have importation licenses that have never lapsed. We renew them on a quarterly basis via the NMDPRA portal. Some of us are also importing diesel, so we need these licenses.
“The licenses cover multiple products such as ATK, PMS, and AGO. The regulator will tell you that we need them even when we are receiving products from the Nigerian National Petroleum Company Limited (NNPCL), particularly on the high sea”.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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