Petroleum minister, Kachikwu declares Nigeria as Africa’s strongest economy, investors’ haven

Petroleum minister, Kachikwu declares Nigeria as Africa’s strongest economy, investors’ haven

Posted on October 27, 2018 Authornewsheadline247

Dr. Ibe Kachikwu, Minister of State for Petroleum has declared Nigeria as the strongest economy in Africa and the most profitable investment destination in the world. The minister made the declaration in Atlanta at ‘The Nigerian Oil and Gas Core Strategic Investors’ Meeting’ to present oil and gas investment opportunities in Nigeria to the United

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Report: Court favours suit seeking Kachikwu’s probe, suspension

Report: Court favours suit seeking Kachikwu’s probe, suspension

Posted on October 16, 2018 Authornewsheadline247

The Minister of State on Petroleum, Dr Ibe Kachikwu may face probe, suspension after the Federal High Court Abuja gave the go-ahead to suit seeking the process. Report stated that a civil society group, Kingdom Rights Foundation International (KHRFI), had filed a suit on allegations of money laundering, operation of a foreign bank account, corruption

Read more Report: Court favours suit seeking Kachikwu’s probe, suspension

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Fuel Subsidy: Nigeria spends N190bn in one year – Report

NATIONAL, NEWS

Fuel Subsidy: Nigeria spends N190bn in one year – Report

June 12, 2018

With continued plummeting of crude oil prices, Nigeria now records a monthly average of N15.859 billion as under-recovery on the importation of petrol or Premium Motor Spirit (PMS) into the country, The Guardian NG reports.

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Kachikwu ranks among 100 most influential Africans

FEATURED

Kachikwu ranks among 100 most influential Africans

April 13, 2018

Nigeria’s Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has been listed among 100 Most Influential Africans of 2017 by a London-based magazine, the `New African’.

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Details: What Kachikwu told Buhari in new letter

FEATURED, NEWS
Details: What Kachikwu told Buhari in new letter
January 27, 2018

Ibe Kachikwu, minister of state for petroleum resources, has advised the federal government to “take advantage” of the controversial but prolific OPL 245

CONTINUE READING Details: What Kachikwu told Buhari in new letter

Your government supports corruption, Nigerians chide executive, legislature over $25 Billion NNPC contract scam

FEATURED
Your government supports corruption, Nigerians chide executive, legislature over $25 Billion NNPC contract scam
January 14, 2018

The Centre for Social Justice (CENSOJ) has accused the executive and the legislative arms of the government of condoning corruption in the country, citing the lull in the probe into the alleged Nigerian National Petroleum Corporation (NNPC) $25 billion contracts

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We can no longer sell at N145 per litre – Oil marketers insist

FEATURED, NEWS
We can no longer sell at N145 per litre – Oil marketers insist
January 3, 2018

Oil marketers say it is no longer profitable to sell premium motor spirit (PMS) better known as petrol at the rate of N145 per litre.

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Alleged NNPC Fraud: Suspend Kachikwu, Baru, Senate panel chair tells Buhari

NEWS

Alleged NNPC Fraud: Suspend Kachikwu, Baru, Senate panel chair tells Buhari

October 9, 2017

The Chairman, Senate Committee on Petroleum Resources (Upstream) Senator Tayo Alasoadura, has called on President Muhammadu Buhari to immediately suspend the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and the Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru.

CONTINUE READINGAlleged NNPC Fraud: Suspend Kachikwu, Baru, Senate panel chair tells Buhari

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NNPC GMD: EFCC Never Indict Petroleum Minister Ibe Kachikwu; False Reports Base on Mere Unproven Allegations

BREAKING NEWS, NEWS

NNPC GMD: EFCC Never Indict Petroleum Minister Ibe Kachikwu; False Reports Base on Mere Unproven Allegations

The reports about Honourable Minister of State, Petroleum Resources, Dr. Ibe Kachikwu being involved in some alleged fraud dealings within the Nigeria National Petroleum Corporation (NNPC) is not true, newsheadline247 exclusively gathered that ‘the scandalous story was based on mere unproven allegations that were placed before the Economic and Financial Fraud Commission (EFCC).’

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CONTINUE READINGNNPC GMD: EFCC Never Indict Petroleum Minister Ibe Kachikwu; False Reports Base on Mere Unproven Allegations

Malabu Scandal: Osinbajo, ENI, Kachikwu in closed door meeting

Prof. Yemi Osinbajo accompanied by Dr. Ibe Kachikwu

Premium Times NG>>> Nigeria’s Minister of State for Petroleum, Ibe Kachikwu, on Tuesday held a closed-door meeting with Acting President Yemi Osinbajo, with one of the major subjects of discussion being the Malabu OPL 245 scandal.

Tuesday’s meeting comes about five days after Mr. Kachikwu told journalists that ongoing investigation and prosecution of two multinational oil firms, Shell and ENI, in Nigeria and Italy, for their alleged roles in the Malabu scandal, will not lead to a stoppage of work on the controversial oil block, OPL 245.

Related News: Malabu Scandal: After telling lies for years, Shell admits it knew Etete would benefit from $1.1 billion

Kachikwu says NNPC wrong on petrol price hike

The Minister of State for Petroleum, Dr Ibe Kachikwu, says the recent N4 increase in price of petrol in Nigerian National Petroleum Corporation (NNPC) filling stations, is wrong.

Kachikwu said this after receiving an award at an event organized by the Petroleum Products Pricing Regulatory Agency (PPPRA) in Abuja on Sunday.

Nigeria's TNP Bonny Light pipeline shut down-industry source

Nigeria's Trans Niger Pipeline, one of two major pipelines that carries Bonny Light crude for export, was shut down on Monday, an industry source familiar with the matter said.

Neither the cause of the shutdown nor any impact on production was known.

Oil major Shell, which operates the Bonny Light export terminal through its local affiliate SPDC, could not immediately be reached for comment.