Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    DMO Hikes Rates on Bonds to Meet N1.2trn Borrowing Target

    June 22, 2026

    S&P 500 Declines as SpaceX, Alphabet, Meta Slide

    June 22, 2026

    Rates Top 20% as CBN Sells N2.7trn in OMO Bills to Investors

    June 22, 2026
    Facebook X (Twitter) Instagram
    Trending
    • DMO Hikes Rates on Bonds to Meet N1.2trn Borrowing Target
    • S&P 500 Declines as SpaceX, Alphabet, Meta Slide
    • Rates Top 20% as CBN Sells N2.7trn in OMO Bills to Investors
    • DeXe Price Climbs by 28% on Explosive Trading Volume
    • Naira Gains as Nigeria’s Foreign Reserves Top $51 Billion
    • GTCO, Zenith Bank Drive N1.52trn Gain in Nigerian Exchange
    • Ethereum Price Rises as Morgan Stanley Files Low-Fee Spot ETF
    • Bank of England Launches Stablecoin Rules for UK Users
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, June 23
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » IPMAN: Dangote Sets the Record Straight

    IPMAN: Dangote Sets the Record Straight

    Julius AlagbeBy Julius AlagbeNovember 1, 2024 News No Comments2 Mins Read
    IPMAN: Dangote Sets the Record Straight
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    IPMAN: Dangote Sets the Record Straight

    The Dangote Petroleum Refinery wishes to clarify that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products.

    Although discussions are ongoing with IPMAN, it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from our Petroleum Refinery, as we currently have no direct business dealings with them. Consequently, we cannot be held responsible for any payments made to other entities.

    The payment in mention has been made through the Nigerian National Petroleum Company Limited (NNPCL), and not us. In the same vein, NNPCL has neither approved, nor authorised us to release our Premium Motor Spirit (PMS) to IPMAN.

    We would like to emphasise that we can meet the nation’s demand for all petroleum products, including petrol, diesel, and aviation fuel. At present, we can load 2,900 trucks per day and we have also been evacuating petroleum products by sea. We advise IPMAN to register with us and make direct payment as we have more than enough petroleum products to satisfy the needs of their members.

    Furthermore, we believe it is instructive for all stakeholders to refrain from making unfounded statements in the media, as that could undermine the economic re-engineering efforts of His Excellency, President Bola Ahmed Tinubu. Conducting business through public speculation is counterproductive and unpatriotic.

    In the interest of our country, we encourage all stakeholders to collaborate and heed the advice of President Tinubu, while promoting a unified approach, rather than engaging in media conflicts and needless propaganda.#IPMAN: Dangote Sets the Record Straight#

    Oil Prices Rise as Iran Plans to Hit Israel

    Dangote Refinery IPMAN
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    DMO Hikes Rates on Bonds to Meet N1.2trn Borrowing Target

    S&P 500 Declines as SpaceX, Alphabet, Meta Slide

    Rates Top 20% as CBN Sells N2.7trn in OMO Bills to Investors

    DeXe Price Climbs by 28% on Explosive Trading Volume

    Naira Gains as Nigeria’s Foreign Reserves Top $51 Billion

    GTCO, Zenith Bank Drive N1.52trn Gain in Nigerian Exchange

    Add A Comment

    Comments are closed.

    Editors Picks

    DMO Hikes Rates on Bonds to Meet N1.2trn Borrowing Target

    June 22, 2026

    S&P 500 Declines as SpaceX, Alphabet, Meta Slide

    June 22, 2026

    Rates Top 20% as CBN Sells N2.7trn in OMO Bills to Investors

    June 22, 2026

    DeXe Price Climbs by 28% on Explosive Trading Volume

    June 22, 2026

    Naira Gains as Nigeria’s Foreign Reserves Top $51 Billion

    June 22, 2026
    Latest Posts

    DMO Hikes Rates on Bonds to Meet N1.2trn Borrowing Target

    June 22, 2026

    S&P 500 Declines as SpaceX, Alphabet, Meta Slide

    June 22, 2026

    Rates Top 20% as CBN Sells N2.7trn in OMO Bills to Investors

    June 22, 2026

    DeXe Price Climbs by 28% on Explosive Trading Volume

    June 22, 2026

    Naira Gains as Nigeria’s Foreign Reserves Top $51 Billion

    June 22, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.