IPMAN kicks against petroleum import licences, cites FX pressure, high landing costs - ITREALMS

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has strongly rejected the Federal Government's decision to issue new licences to select companies for the importation of petroleum products into the country, reports ITREALMS.

In an official statement released in Abuja, IPMAN National Publicity Secretary, Chinedu Ukadike, warned that relying on imports is worsening domestic price volatility and placing severe, unnecessary pressure on the naira.