The Nigeria Extractive Industries Transparency Initiative (NEITI)said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing…
View More Nigeria loses $16b to oil companies: NEITITag: Ibe Kachikwu
Selling of petrol at 145 no longer feasible, may sell above N175, says Kachikwu
The Minister of State for Petroleum, Ibe Kachikwu, said yesterday that the perennial petrol scarcity and price instability would only stop when the Federal Government…
View More Selling of petrol at 145 no longer feasible, may sell above N175, says KachikwuPetroleum minister Buhari and ‘fuel scarcity minister’ Kachikwu
By Fisayo Soyombo At home we face enormous challenges. Insecurity, pervasive corruption, the hitherto unending and seemingly impossible fuel and power shortages are the…
View More Petroleum minister Buhari and ‘fuel scarcity minister’ KachikwuNigeria loses N7.6 trillion to faulty pacts with IOCs, says Kachikwu
Dr. Ibe Kachikwu, Minister of State for Petroleum Resources, yesterday said that Nigeria lost about $21billion (N7.6 trillion) to International Oil Companies (IOCs) operating in…
View More Nigeria loses N7.6 trillion to faulty pacts with IOCs, says KachikwuOil prices rise as OPEC extends cuts to 2018
Oil prices are expected to rise further as Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC extends the production cut deal to Dec. 2018. Saudi…
View More Oil prices rise as OPEC extends cuts to 2018Government reviews new petrol pricing model
The Federal Government is considering a review of pricing policy for Premium Motor Spirit (PMS) also known as petrol, to save the Nigerian National Petroleum…
View More Government reviews new petrol pricing modelMore trouble for Kachikwu as ‘plot’ for his removal thickens
Some stakeholders in the oil sector are pushing for the removal of Ibe Kachikwu, minister of state for petroleum resources. This is as a result…
View More More trouble for Kachikwu as ‘plot’ for his removal thickens