2023 end of fuel imports; not political but a realistic deadline—NNPC
…But analysts differ, seek deadline not close to election year In the history of Nigerian government’s deadline setting, history has shown that any project deadline set for an election year rather than a year within the official period of the…
Experts see EFCC’s role in tracking crude oil vessels as NIMASA’s job
Contrary to the policy of the Federal Government through the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu in tracking vessels conveying Nigerian crude oil to the international market with the anti-graft agency, the Economic and Financial Crimes Commission…
FG’s collaboration with S’Arabia to revamp refineries raises questions
Last week Wednesday, the Federal Government said it would collaborate with Saudi Arabia to revamp moribund refineries in Warri, Port Harcourt and Kaduna. Minister of State for Petroleum Resources, Ibe Kachikwu, had said that Nigeria was currently tapping from the…
Silence over NNPC’s acclaimed contractor-financing option for refineries worrisome
Strong indications have emerged suggesting that the Nigerian National Petroleum Corporation (NNPC) and Ministry of Petroleum Resources may have run out of strategic ideas in the revival of the ailing four national refineries. This is based on the fact that…
Is it that Kachukwu’s petition on NNPC’s $26bn contract scam is dead?
Not so long ago, a highly worded and revealing petition written by the Minister of State for Petroleum Resources, Ibe Kachikwu, to President Muhammadu Buhari leaked to the media and elicited discordant reactions. Leading position of the petition alleged breach…
Nigeria in need of four more deepwater projects to soar daily output—Minister
…Denies any running pipeline protection deal with militants Several youths and even traditional rulers in Niger Delta were on Wednesday in Asaba, the Delta State capital, shocked to their marrows when the Minister of State for Petroleum Resources, Dr. Ibe…
25 months after, Agbakoba asks court to sack PMB as minister
Former president of Nigerian Bar Association (NBA) and Senior Advocate of Nigeria (SAN), Dr. Olisa Agbakoba, on Monday, approached an Abuja Federal High Court, seeking the enforcement of Section 138 of the 1999 Constitution which forbids the President from “holding…
Just in: Baru authenticates our story, says “Act does not mandate me”
The Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Monday afternoon, officially responded to the allegations of insubordination and corruption levelled against him by the Minister of State for Petroleum Resources, Ibe Kachikwu, saying no law…
Suspend NNPC boss before probing him, experts tell Senate
Experts in corporate governance and anti-corruption have called for immediate suspension of the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru. This stemmed from the resolution passed by the Senate on Wednesday, to set up…
OPEC deepens Nigeria’s economic recovery by staying oil cut exemption
A star indications that Nigeria’s economy is set to sustain recovery from recession emerged Friday following the meeting of the Joint Ministerial Monitoring Committee of the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members which ended in Vienna with…
