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Ibe Kachikwu

1 Jul 2020
For Nigeria and other African countries to minimize the effects of unstable oil prices and reduce dependence on oil, key investments must be geared towards developing Liquefied Natural Gas...
20 May 2020
For Nigeria and other African countries to minimize the effects of unstable oil prices and reduce dependence on oil, key investments must be geared towards developing Liquefied Natural Gas...
17 Apr 2020
A much trumpeted oil and gas investment plan between Nigeria and Saudi Arabia that would have addressed key challenges in the downstream sector, including establishment of refinery has been left in limbo.
9 Feb 2020
There is something called fundamental option which underlies a person’s actions and inactions. The fundamental options of Nigeria’s President, Major General Muhammadu Buhari (GMB) on his way to power
11 Jul 2019
The echoes of the vexatious issue of fuel subsidy in Nigeria and its removal reverberated recently when the Emir of Kano and former Governor of the Central Bank...
28 Jun 2019
A report that Nigeria’s four refineries are currently operating at just 5.55 per cent of their combined installed capacity of 445,000 barrels per day means that the refineries are barely producing 24,698 barrels per day, indicating gross under-performance, which demands the political will to sell the refineries at this time. This is not surprising, given…
17 Jun 2019
You are absolutely right, that’s why we always talk about continuity and being able to sustain what is on-going, which we have done over the years.
10 Jun 2019
Immediate past Nigeria's state for petroleum resources minister Ibe Kachikwu Monday denied saying President Muhammadu Buhari failed Nigerians by not building refinery as promised. "There is nowhere the former Minister blamed or inferred that the Buhari administration failed Nigerians for not building refineries," Kachikwu said in a statement. "While the purpose of this misinformation is…
7 Jun 2019
President Muhammadu Buhari has revoked four oil mining and one prospecting licences. The Department of Petroleum Resources (DPR), which communicated the decision in a statement yesterday, said the revocation came on the backdrop of alleged non-compliance with statutory regulatory obligations.
22 May 2019
The Federal Government has restated that roadside retailers sellers of Liquefied Petroleum Gas (LPG) or cooking gas will face prosecution from next week.It explained that the clampdown is aimed at addressing the inherent dangers in roadside selling of the product...
28 Apr 2019
• Be Strategic In MoU Terms– Iledare • Development May Assist Nigeria Eliminate Malpractices In Oilfields, Says Fawibe • Eromosele Insists Non-assent Of PIB May Affect Plan • PWC’s Jaiyeola Seek Holistic Plan, Lauds Move Stakeholders in the country’s oil and gas sector, yesterday, expressed optimism over the new drive by the Federal Government to…
25 Apr 2019
Nigeria needs $2.5 billion (N765 billion) to make its four refineries function at between 90 and 95 per cent capacity, the Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed.

Latest

52 mins ago
Gunmen from a suspected criminal gang attacked a village market in northwest Nigeria's Sokoto state, killing 43 people, the state government said Monday. Heavily armed gangs known locally as bandits have terrorised northwest and central Nigeria for years, raiding and looting villages, but attacks have become even more violent in recent months. "Forty-three people have…
1 hour ago
The Japanese government has earmarked 260,000 dollars in its bid towards combating piracy and kidnapping in the Gulf of Guinea (GoG).
2 hours ago
Belgian officials announced Monday they had broken up a cocaine smuggling gang, arresting 27 people in a series of raids during which they seized drugs, guns and luxury goods -- including horses.
2 hours ago
FIFA president Gianni Infantino said on Monday his controversial plans to hold a World Cup every two years will help spread the fund's football generates away from a handful of super clubs.
2 hours ago
A 66-year-old man has pleaded guilty to a charge in relation to the death of Argentine footballer Emiliano Sala in a light aircraft crash in 2019, a British court heard on Monday.