The Managing Director and Chief Executive Officer of 11 Plc, Adetunji Oyebanji, will retire from the company effective March 31, 2026, bringing to a close an extraordinary 45-year career in Nigeria’s downstream oil and gas industry. The announcement was contained…
Naira Weakens as Exchange Rate Pressures Override Falling Oil Prices – MEMAN
MEMAN data reveals Nigeria’s fuel costs are now driven more by currency volatility than crude prices Nigeria’s fragile currency is tightening pressure on the country’s fuel supply chain, with new data showing that diesel import costs remain above ₦900…
MEMAN: Fuel Subsidy Removal Heralds New Era of Innovation in Nigeria’s Downstream Sector
Emphasizes The Downstream Sector Has Entered New Era of Digital and Clean Energy Innovation The Major Energy Marketers Association of Nigeria (MEMAN) says the removal of fuel subsidy has opened a new chapter of deregulation in Nigeria’s downstream oil…
MEMAN, S&P, Experts Spotlight Lomé Port, Dangote Refinery as Game-Changers in West African Fuel Market
The ex-Lomé offshore trading hub has become a vital and resilient component of West Africa’s petroleum supply chain, offering flexible, smaller parcel trading, enhanced security, and efficient logistics that complement growing domestic refining capacity, notably Nigeria’s Dangote refinery. Industry…
Sustainable Progress in Nigeria’s Energy Market Hinges on Competitive Balance – MEMAN, Experts
MEMAN, World Bank, Transaharan Underscore the Role of Healthy Competition in Driving Growth In a strategic convergence of thought leadership and policy advocacy, the Major Energies Marketers Association of Nigeria (MEMAN), alongside a senior economist of the World Bank…
MEMAN: Nigeria’s Fuel Import Costs Surge Amid Forex Pressures and Crude Price Stability
Nigeria’s downstream oil market is facing heightened volatility as new data from the Major Energy Marketers Association of Nigeria (MEMAN) Competency Centre reveals a significant rise in the estimated cost of importing refined petroleum products. The MEMAN Energy Bulletin released…