President Muhammadu Buhari in 2015 appointed Dr Ibe Kachikwu as the Group Managing Director (GMD) of the nation’s golden goose-the Nigerian National Petroleum Corporation (NNPC)-to a wide public acclaim. This money-spinner had hitherto been riddled with monumental corruption, gross abuse Read more
The Nigerian National Petroleum Corporation has suspended exploration for crude oil in the Lake Chad Basin, situated in parts of Borno State, following attacks on its workers and some military personnel by the terrorist group, Boko Haram. The Minister of Read more
The Federal Executive Council (FEC) Meeting held on Wednesday 19th July, 2017 in Abuja, ended on a high note as the cabinet meeting presided by Ag. President Yemi Osinbajo, approved the National Petroleum Policy. Speaking to State House correspondents at Read more
. Want 100% funding of projects by govt . Seek 50% investment of 13% derivation funds in schemes . They’re alternatives to illegal refining, says govt The proposed investments in community-based modular refinery projects across oil-bearing states of the Niger Read more
• Licensees lament financial straits, seek intervention • Nigeria to invest N5.9tr in upstream sector The Federal Government has concluded plans to withdraw licences of private refineries which have not been able to produce petroleum products after many years of Read more