Nigeria lost N7.6 trillion to faulty pacts with IOCs, says Kachikwu
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday disclosed that Nigeria lost about $21billion (N7.6 trillion) to International Oil Companies...
PPPRA begins monitoring of petrol marketers
Any petroleum marketer that indulges in product diversion, under-dispensing or any other sharp practice will have the licence revoked, the Petroleum Products Pricing Regulatory Agency (PPPRA) has warned.
FG has no intention to increase fuel pump price — Lai Mohammed
The Minister of Information, Alhaji Lai Mohammed, on Wednesday dispelled the rumour that the pump price of Premium Motor Spirit (PMS) would be increased.
FG moves to restore peace in Imo oil communities
Worried by the increasing menace of violence in the oil bearing communities in Oguta, and Ohaji/ Egbema Local Councils, the Federal Government has intervened with a view to restoring peace among the contending parties.
$25B NNPC Contract: Why probe is yet to take off one month after
The Senate had also resolved to investigate Kachikwu’s call for the cancellation of the recent appointments in the NNPC, just as it had resolved to carry out a probe into the finances and activities of the NNPC.
National Assembly defers passage of PIB to first quarter of 2018
Chairman of the Senate Committee on Upstream, Tayo Alasoadura, who spoke at the on-going 7th Practical Nigeria Content organised by the Nigeria Content and Development Monitoring Board (NCDMB) in Uyo...
Oil prices surpass World Bank’s forecast at over $60 a barrel
Global crude oil benchmark -Brent has increased from $58.15 a barrel to $60.75 a barrel while West Texas Intermediate (WTI) from $51.61 to $54.19 a barrel as at yesterday.
Thoughts on the Baru-Kachikwu war
I believe that every right implies a responsibility; every opportunity, an obligation, every possession, a duty” - Nelson Rockefeller. I am not a historian but I wish I were. But my knowledge of history as it concerns Ibe Kachikwu is not faint.