The Independent Petroleum Marketers Association of Nigeria is in talks with JP Morgan and KPMG with respect to its plans to build two refineries in Nigeria worth $3bn (about N600bn at N200 per dollar).
This is coming as the Managing Director, Capital Oil, Mr. Ifeanyi Ubah, has urged President Muhammadu Buhari to stop subsidising petrol and probe oil marketers whose actions almost led to the shutdown of the country recently.
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