The directive from the Chief of Staff to the President, Mr Abba Kyari, that the N150 billion owed to major marketers be paid immediately, has elicited...
Amidst kerosene scarcity in parts of Nigeria, it has been confirmed that the NNPC had since October 2016 stopped all direct involvements in importing the products...
Nigeria will from this year begin to track the volume of its crude oil production from fields of production and loading bays, to sales destinations in...
What to do with Nigeria’s inefficient and under-performing petroleum refineries is still a cause for concern. On Sunday, the Nigerian National Petroleum Corporation (NNPC) said that...
The Nigeria Extractive Industries Transparency Initiative (NEITI) audit report for 2014 has revealed what the average watcher of the Nigerian economy knows, that the Nigeria National...
Minister for State for Petroleum Resources, Dr. Ibe Kachikwu, has said the Federal Government is considering plans to ‘lock up’ revenues realised from the oil sector...
Barely six months after the Minister of State Petroleum, Ibe Kachukwu, told the world that for efficiency in the upstream sector, Nigeria would hands off from...
Nigerian President, Muhammadu Buhari, is unimpressed by the poor revenue contribution of the Nigerian National Petroleum Corporation (NNPC) to the National treasury, following the quarterly report...
Nigeria loses an estimated $1billion (about N305 billion) in revenue every year due to the falsification of gas flare data, the Minister of State for Petroleum...
The recent deal struck by Nigeria with India and China worth about $95 billion in crude oil sales may be in jeopardy as from the second...
Nigeria’s crude oil output has risen to 1.9 million barrels per day (bpd) the Minister of State for Petroleum Resources, Ibe Kachikwu, has said. This is...
Worried over recent bombings of oil and gas facilities in the Niger Delta, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has appealed to...
The Federal Government has reached an agreement with international oil companies to settle its joint venture cash call with crude oil worth $5 billion. The crude...
The Bayelsa State Government has lamented that the state experienced over 1000 oil spills in 2014 alone. The state government also expressed concern over the menace...
The Senate on Monday warned those calling for another increment in pump price of fuel, to desist, as such development is not needed with the present...
The much anticipated dialogue with Niger Delta Militants by the Federal Government, may have started on a wrong footing as Ijaw traditional rulers have said they...
The Federal Government has been provided with a golden opportunity to end the renewed militancy in the Niger Delta, as Traditional rulers and other stakeholders from...
Three militant groups in the Niger Delta region, have alleged that the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, was removed as the Group...
Barring any unforeseen development, the Kaduna Refinery will be dedicated to producing aviation fuel, also known as Jet A1, which has added more hiccups to the...
The last may not have been heard of the crisis rocking the economy, as Nigeria’ Forcados crude oil terminal, a major export oil facility, expected to...
By Zayyad I. Muhammad…President Muhammdu Buhari’s appointment of Maikanti Kacalla Baru as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) will have...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu and the Coordinator of the Presidential Amnesty Office, Brigadier General Paul Boroh, have been fingered as...
The stage may have been set for a showdown in the creeks of the Niger Delta, as the new Group Managing Director of the NNPC, Dr....
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has been relieved of his position as the Group Managing Director, GMD, of the Nigerian National...
The Federal Government has revealed that it is seeking to raise between $40 to $50 billion from Chinese investors in a matter of days to shore...
The Naira on Monday closed at N282 to the dollar, indicating a very marginal decline when compared with the closing figures for Friday. The Central Bank...
The end may not be in sight over the latest rounds of militancy in the oil rich Niger Delta, as the camp of militant groups in...
The Federal Government has finally kick started its proposed dialogue with Niger Delta militants in a bid to avert further attacks on oil installations in the...
The Federal Government, Monday, said it is suspending the on-going military operations against Niger Delta militants who have been attacking oil installations in the oil rich...
The spate of attacks on oil facilities in the Niger Delta has further reduced Nigeria’s daily oil output, as Eni, the parent company of Nigerian Agip...
Seemingly dazed by the level of recurring bombings of oil pipelines in the Niger Delta area, the federal government has resolved to engage persons from communities...
Contrary to expectations, the Minister of Petroleum Resources, Dr. Ibe Kachikwu on Thursday said that Nigeria’s four refineries in Port Harcourt (2), Warri and Kaduna will...
By Churchill Obinna Okonkwo… A good starting point in this discourse on fuel crisis, our refineries and government’s policy direction is a quick look at our...
By Reuben Abati … This thing called democracy, particularly the Nigerian brand, never ceases to throw up new and intriguing lessons about the relationship between government...
There are strong indications that fuel price may scale the N145/litre mark if forex for importation of petrol continues to elude marketers. Reuters reports that there...
The call on Nigerian workers by the umbrella body of its unions, the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC), to shut down the...
The Niger Delta Avengers on Thursday made good its separatist intentions, warning northerners with interests in the oil region to quit in two weeks or face...
The Nigeria Labour Congress has vowed to do battle with the Federal Government over the new pump price declared on Wednesday. The Minister of State for...
The Federal Government has finally dumped the subsidy on Premium Motor Spirit (PMS) also known as petrol, after weeks of speculations, as the product will now...
The Federal Government has concluded plans to privatize the nation’s refineries within the next 12 months, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has...
The Conference of Nigeria Political Parties, CNPP, Thursday, threatened to the Nigerian National Petroleum Corporation, NNPC, if fuel queues being experienced across the country does not...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who is also the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), has...
The Nigerian National Petroleum Corporation (NNPC) said on Saturday that it has restored supply of crude oil to Warri and Kaduna refineries. The news which was...
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Minister of State for Petroleum Resources who also doubles as Group Managing...
Nigeria National Petroleum Corporation (NNPC) on Tuesday invited bids for the overhaul of its ailing refineries. Efforts geared at finding partners to rejig the refineries were...
Ripples Nigeria has learnt that Nigeria National Petroleum Corporation (NNPC) is in a standoff with energy giants ExxonMobil and Royal Dutch Shell over ownership of physical...
The Nigeria National Petroleum Corporation (NNPC) on Wednesday said that it had restarted the Port Harcourt refinery, which has a capacity of 210,000 barrels a day....
There are indications that Nigerians may pay more for petrol in May, as the Federal Government may review the pump price of the product upward. The...
In its quest to regularise the supply and distribution of petroleum products across the country, the Petroleum Products Pricing Regulatory Agency (PPPRA), has, with the approval...
Continuous rot still pervades the operations of the Nigeria National Petroleum Corporation (NNPC) as fresh findings say the organization failed to remit about$4.2 bn into the...
