IPMAN Rejects Approval of Import Licences for Petroleum Products
Says move worsening price volatility, weakening naira
Emmanuel Addeh in Abuja
The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday rejected the recent approval of additional import licences for petroleum products, stressing that apart from worsening price volatility, it was putting unnecessary pressure and weakening the naira.
In a reaction to the recent spate of issuance of permits, the National Publicity Secretary of IPMAN, Chinedu Ukadike, urged the federal government to look into the matter transparently through the regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
