Ibe Kachikwu, Nigeria’s deputy for Petroleum Resources, on Thursday said Nigeria is targeting about $100 billion in investment in the petroleum sector in order to drive the sector to desired height where it provides maximum contribution to the overall growth of the nation.
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Nigeria is looking for billions of dollars of lost revenue in transactions between the Nigerian National Petroleum Corporation, NNPC and International Oil Companies (IOCs). The country’s House of Representatives has resolved to setup an adhoc committee to investigate the matter.
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Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru (left); Minister of State for Petroleum, Dr. Ibe Kachikwu and Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside; at a meeting on change in trade terms from...
The House of Representatives on Tuesday summoned the Minister of State for Petroleum Resources, Ibe Kachikwu, over the reported payment of fuel subsidy by the Nigerian National Petroleum Commission, NNPC. Also summoned were the Group Managing Director of the corporation, Maikanti Baru, and the...
The Minister of State For Petroleum Resources, Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation, NNPC, has incurred a cumulative loss of N85.5 billion in importing petrol and selling at the current retail price of N145 per litre. Kachikwu said the price was fixed in the...
Senate President Bukola Saraki has ordered the Senate committee on petroleum downstream to suspend recess and meet to find a solution to the fuel scarcity in the country.
The senate president directed the committee, chaired by Kabiru Marafa, to come up with implementable solutions to address...
The Department of Petroleum Resources (DPR) In Imo state during a monitoring exercise have sealed five filling stations.
The filling stations were sealed on Tuesday for selling against the directive of the Federal Government of N145 per liter of fuel. READ ALSO: FG Directs Kachikwu To End...
Minister of State for Petroleum Resources, Ibe Kachikwu did not meet President Muhammadu Buhari in person during his much-reported visit to the Presidential Villa in Abuja last Friday, SaharaReporters gathered
Sources said Mr. Kachikwu only met Buhari’s State House Chief of Protocol, who...
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Nigeria's Minister of state for Petroleum Kachikwu has dissociated himself from campaign posters for Delta State 2019 Governorship elections that have been sited in Abuja.
In a statement released by his Director of Press, Ministry of Petroluem Resources, Idang Alibi, The Minister affirmed his...
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said the Federal Government was targeting 2019 to end fuel importation in the country.
Kachikwu disclosed this when he was speaking at an interactive session on removal of fuel subsidy organised by Coalition of Civil Society...
The Minister of State for Petroleum, Dr. Ibe Kachikwu has given assurances that from 2016, the country’s oil sector will experience a turn around that will allow the refineries work effectively and then petroleum products will be available to Nigerians at affordable prices.
He said that as a...
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President Muhammadu Buhari is set to replace the Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu.
Daily post gathered that Buhari has already picked out three persons, including Deputy Managing Director of the Nigeria Liquefied Natural...
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