Nigerian Oil Marketers Struggle with Rising Debts Amid NNPC Supply Delays

Nigerian oil marketers, including members of IPMAN, are struggling with rising bank debts due to delays in receiving petroleum products from NNPC depots. The delays have led to financial losses and operational challenges, with some filling stations unable to operate.

Market players like Gilli Harri have expressed concerns over outstanding orders and heavy reliance on bank financing. NNPC's Chief Corporate Communications Officer, Andi Odeh, acknowledged the issues and assured ongoing efforts to address market complaints and advance payments.