President Muhammadu Buhari has debunked reports that he has ordered the investigation of the immediate past Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Ibe Kachikwu, over oil swap deals. The President, in a statement issued on Tuesday by his Special Adviser on Media and Publicity, Femi Adesina, disclosed also appealed to Nigerians…
A Niger Delta group has kicked against the removal of Ibe Kachikwu as the Group Managing Director, GMD, of Nigerian National Petroleum Corporation, NNPC, by President Muhammadu Buhari this week. The Niger Delta Indigenous Movement For Radical Change, NDIMRC, an oil monitoring group which had earlier warned of plot to remove Kachikwu as the NNPC…
Minister of State for Petroleum, Ibe kachikwu, on Thursday, June 16, 2016, paid a visit to the site of the National Maritime University, Gbaramatu Kingdom, Delta State. Kachikwu, speaking with inhabitants of the community, reassured them that the controversial project will not be abandoned. It would be recalled that on Monday, Kachikwu and his counterpart…
Minister of State for Petroleum Resources, Ibe Kachikwu, has assured Nigerians that the lingering scarcity of petrol would be over in the first week of April. Kachikwu, who appeared before the Senate Committee On Petroleum Downstream on Tuesday in Abuja, when he was summoned, also apologised for remarks he made at the State House last…
National Leader of the All Progressives Congress, APC, has kicked against remarks made by Minister of State for Petroleum Resources, Ibe Kachikwu, on the lingering petrol scarcity in the country. Kachikwu had said last week that Nigerians may have to bear the hardship for two more months because he was not a magician that can…
Nigerians may have to suffer a little bit longer if comments by the Federal Government on the lingering fuel scarcity are anything to take serious. This is because the government has categorically emphasised that Nigerians may continue in the anguish of petrol dearth at least for the next two months. Minister of State for Petroleum,…
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says it is cheaper for Nigeria to import petrol its uses than producing it in the country’s refineries at the moment. Kachikwu made this known while addressing journalists in Abuja. According to him, until the upgrade and total refurbishment of the refineries are concluded, as well…
Employees of the Nigerian National Petroleum Corporation, NNPC, have embarked on an indefinite strike following the unbundling of the corporation by the Federal Government on Tuesday. Yesterday, the Minister of State for Petroleum Resources, Ibe Kachikwu, announced that the government has unbundled NNPC into seven units namely downstream, refineries, gas and power, finance and accounts,…
The Nigerian National Petroleum Corporation, NNPC, has finally been unbundled into seven independent operational units. This was approved on Tuesday by President Muhammadu Buhari and it takes immediate effect. The new units include those for Upstream, Downstream, Gas & Power, Refineries, Ventures, Corporate Planning & Services and Finance and Accounts. According to the Minister of…
**Kaduna Refinery Begins Production December Production of Premium Motor Spirit, PMS, commonly called petrol is scheduled to commence at the Kaduna Refinery by December 2015, the Nigerian National Petroleum Corporation, NNPC, has said. This was disclosed in a statement issued in Abuja by the Group Managing Director of NNPC, Ibe Kachikwu. The NNPC boss, during…