[su_dropcap size=”4″]F[/su_dropcap]OR declaring he was not a magician capable of conjuring the availability of fuel, the Trade Union Congress (TUC) has asked the Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Emmanuel Kachikwu, to resign. Dr. Kachikwu had suggested that he saw no possibility of fuel […]
Read More
[su_dropcap size=”4″]T[/su_dropcap]HE current fuel scarcity in the country took a turn for the worse on Thursday as motorists and other petrol consumers flocked filling stations in major towns nationwide in what industry stakeholders described as panic buying fuelled by the statement made by the Minister of State for Petroleum Resources, Dr.Ibe Kachikwu, the previous day. […]
Read More The Federal Government says it has uncovered discrepancies of about N3.3tn in the remittance of funds by various Ministries, Departments and Agencies of government as well as foreign missions in the 2014 fiscal year. This was contained in the 2014 Annual Audit Report presented to the National Assembly on Monday by the office of the Auditor […]
Read More
PRESIDENT Muhammadu Buhari has terminated of $1.3 billion contracts and restructuring of the controversial strategic alliance agreements held with Atlantic Energy signed by former minister of petroleum resources, Diezani Alison-Madueke. Erstwhile Governor, Central Bank of Nigeria (CBN), Lamido Sanusi, had alleged that the Atlantic’s deals issued by Alison-Madueke, who was briefly arrested in London last […]
Read More
FEDERAL Government has promised not to cut down the number of employees of the Nigerian National Petroleum Corporation. This is coming as labour unions have threatened to storm Imo State today (Friday) for a mass action if the state government fails to reinstate the workers that it recently sacked. The Federal Government noted that instead […]
Read More THE Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday said the business of illegal oil bunkering in the country was being driven by Nigerians. Kachikwu, who doubles as the Group Managing Director of the Nigerian National Petroleum Corporation, stated this during a visit to an illegal oil bunkering site at Robert-Victor village, […]
Read More
The Minister of State for Petroleum, Dr Ibe Kachikwu, said the nation’s refineries had been repositioned to produce not less than 10 million litres of Premium Motor Spirit (PMS), popularly known as petrol, per day. Kachikwu stated this on Sunday during his official visit to Kaduna Refining and Petrochemical Company (KRPC). According to him, the […]
Read More
The Federal Government has been advised to sell off any of the nation’s refineries that fails to come back on stream as well as deregulate the downstream sector of the oil and gas industry. The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr. Mike Osatuyi, gave the advice while disclosing the Federal Government’s […]
Read More Minister of State for Petroleum Dr. Emmanuel Ibe-Kachukwu yesterday made some clarifications about the Petroleum Subsidy Fund (PSF), otherwise known as petrol subsidy. He said that there was no subsidy in the price of the Premium Motor Spirit (PMS). Kachikwu, who is also the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), […]
Read More
Oil marketers on Saturday said it was possible to sell Premium Motor Spirit at N85 per litre. They however expressed doubt if Nigerians were ready to absorb the fluctuations or modulations in the pump price of petrol beginning from next year. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, had on Friday stated […]
Read More The Minister of State for Petroleum Resources and Nigerian National Petroleum Corporation Group Managing Director Dr. Ibe Kachikwu has directed the Pipelines and Products Marketing Company (PPMC) and Petroleum Products Pricing Regulatory Agency (PPPRA) to embark on renewed special supply intervention measures to ensure availability of petroleum products ahead of the Yuletide and beyond. The […]
Read More The Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu yesterday said the Federal Government will not scrap the Petroleum Support Fund (also known as subsidy) but will, instead, embark on price modulation. He denied saying the price of petrol will go up in January. Addressing a press conference in Abuja, he said the Nigerian […]
Read More
