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Last Updated: May 8th, 2018 You can actually go into oil and gas products trading, supplies, big and small deals and facility management. The oil industry is where everybody can benefit. The trading opportunity is massive, in fact, in one deal alone, you can make over N200,000(NGN).  Product trading is where the wealth is and, it has a wide scope, from the Automotive gas oil(AGO- Diesel) to PMS(petrol),  DPK(kerosene) and LPFO( low pour fuel oil- black oil). You will find opportunities from homes, banks, factories, workshops, eateries and business centres, cyber cafes, companies, government offices, and even to filling stations and depots. All these places are where you can supply petroleum products for millions even on your first delivery. This business was made simple and open to all by the partial deregulation of the petroleum sector by the federal government. The good news is, you do not need to be a millionaire to start this business. With what is called Local Purchase Or...

This is for those looking for authentic information on how to build and run petrol/fuel station in Nigeria. You have come to the right place. This report is also applicable to those that want to run kerosene (DPK) marketing(domestically with surface tank and pump). PROCEDURE AND CONDITIONS FOR GRANTING APPROVALS FOR THE CONSTRUCTION AND OPERATION OF A PETROL STATION A.  APPLICATION PROCEDURES Application for approval to construct a filling service station for retailing Petroleum produces shall be submitted to the Department of Petroleum Resources (DPR) giving details of the proposals and any information that may be relevant to the project. In addition, the following documents should be submitted along with the application: i. Three (3) copies of approved plan showing the building existing or proposed on the site and the relation of the site to the roadways and adjoining property; ii. A certificate signed by signed by the Chief Federal/ State Fire Officer, or by an officer authorize...

An ex-official of the Kaduna Chapter of the Independent Petroleum Products Marketers Association of Nigeria (IPMAN), has alleged that a cabal of corrupt workers are heading the Nigerian National Petroleum Corporation (NNPC), and its affiliate, Petroleum Product Marketing Company (PPMC), which has President Muhammadu Buhari, as the supervising Minister. The former IPMAN official, Bako Abdullahi Yelwa, on Thursday, blamed the alleged cabal for the continuous fuel scarcity across the country. Dr. Ibe Kachikwu the Minister of State for Petroleum, is equally being blamed for his failure to tackle corruption in Nigerian National Petroleum Corporation (NNPC). According to DailyPost, the marketers who said the extortions and other sharp practices at the PPMC/NNPC seemed to be defying all interventions by successive administrations in Nigeria, expressed worry over the new cabal at the corporation who specialise in extorting money from IPMAN/AMFSON members before issuing allocation of petroleum ...