Oil marketers have expressed frustration over the Nigerian National Petroleum Company Limited (NNPC) shutting down its petrol purchasing portal, making it impossible for dealers to place new orders for the product.
The NNPC had previously confirmed the closure of the portal, citing the need to manage a significant backlog.
According to NNPC spokesperson Olufemi Soneye, the decision was made to avoid holding marketers’ funds for extended periods while the backlog is being addressed.
“We have a significant backlog to clear, and the portal was shut down to prevent holding marketers’ capital for too long,” Soneye stated.
Chinedu Ukadike, National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed that marketers are still loading products but cannot access the portal to confirm prices or place new orders...
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