News - Kachikwu

Opinion: NNPC And The Cabal Within

3 years ago /

The attacks aimed at casting aspersions on Dr Kachikwu’s integrity have the handwriting and signature of Mrs. Esther Nnamdi Ogbue written all over it. The strategy is the same routine that has now become familiar since the Minister’s appointment to midwife change at the corporation was once the byword for corruption. Paid stories and protests are usually organised to accuse Kachikwu’s family of interfering in the running of NNPC

Fuel Scarcity: Remove Nnamdi-Ogbue Now, CSOs Order Kachikwu

3 years ago /
Nation  Transport  

For what it termed flagrant abuse of office and aiding in the scarcity of petroleum products in country, a frontline human rights group, The New Initiative for Credible Leadership, NICL has charged the Nigerian National Petroleum Corporation, NNPC within 72 hour the Minister of State for Petroleum and Group Managing...

Nigeria Needs $500m To Fix Four Refineries – Ibe Kachikwu

3 years ago /
Business and Economy  

Ibe Kachikwu, Minister of State for Petroleum and Group Managing Director of Nigeria National Petroleum Corporation, NNPC, yesterday said that the four refineries in the country would require between $300 million to $500 million to function effectively. Dr Kachikwu disclosed this during a meeting with the joint House of Representatives Committee...

BREAKING: Nigeria National Petroleum Corporation shut down nationwide

3 years ago /
Nation 

Oil workers all over the country have shut down the operations of the Nigerian National Petroleum Corporation (NNPC) throughout after the unbundling of the corporation ordered by the state minister of petroleum, Ibe Kachikwu. The members of staff and management of the corporation arrived their various offices on Wednesday morning to...

FG to split NNPC into 30 different companies next week – Kachikwu

3 years ago /
Business and Economy   Nation 

The Minister of State, Petroleum Resources, Dr Ibe Kachikwu, on Thursday said that a major overhaul of the Nigerian National Petroleum Corporation (NNPC) system would be announced in the next one week. Kachikwu stated that NNPC would be unbundled to four or five main operational zones comprising 30 companies to be...

Minister of State for Petroleum Resources challenges PTDF scholars on renewable energy industry

3 years ago /

Dr Ibe Kachikwu, the Minister of State for Petroleum, said Nigerians trained under the Petroleum Technology Development Fund (PTDF) in future must ensure a dependable renewable energy system in the country. While speaking at a seminar on: “Addressing future challenges of the energy sector: The renewable energy path’’ on Monday...

Buhari visits Qatar & Saudi Arabia this week, prayer & oil price stability on his agenda

3 years ago /
Nation  Politics 

President Muhammadu Buhari will begin a week-long official visit to Saudi Arabia and Qatar today, Monday, February 22, 2016. President Buhari, who will be accompanied by a high-powered Federal Government delegation, including the Minister of State (Petroleum) and Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC), Dr. Ibe Kachikwu,...

I lose at least $1m every year, serving as a Minister – Ibe Kachikwu

3 years ago /
Nation  Transport  

Dr. Ibe Kachikwu, the current Minister of state for Petroleum Resources, says he loses at least $1 million every year as a result of his decision to serve in the cabinet of President Muhammadu Buhari. He said this on Sunday, in Abuja when he appeared before the House of Representatives’ Ad-Hoc...

 

Germany shows interest in Nigeria’s liquefied natural gas

3 years ago /
Nation 

Nigeria’s quest to expand its liquefied natural gas (LNG) market into Europe received a major boost as a visiting German trade delegation indicated the country’s increasing desire for Nigerian gas. Leading a large contingent of German business men on a visit to the minister Ibe Kachikwu at the NNPC towers, vice...

 

No plan to sack NNPC staff —Ibe Kachikwu

3 years ago /
Nation 

Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Ibe Kachikwu, has stated that staff of the NNPC would not be sacked in the ongoing reforms of the corporation. The Minister of State for Petroleum Resources and Group Managing Director of the...

 

NAF drones bombard Boko Haram strongholds

3 years ago /
Security 

The military averted another suicide attack on Maiduguri when troops intercepted two bombers who attempted to enter the city. Residents said two suicide bombers made desperate efforts to enter the city through the outskirts but were gunned down in the process. Regardless, Media Coordinator of Operation Lafiya Dole, Col. Mustapha Ankas confirmed that the...

Nigeria to embrace renewable energy to tackle economic challenges – Ibe kachikwu

3 years ago /
Business and Economy   Nation  Transport  

The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Ibe kachikwu says, for Nigeria to overcome its energy challenges, the country must embrace renewable energy. Kachikwu disclosed this on the sidelines of the world future energy summit currently in Abu Dhabi, United...

NLC set to protest fuel subsidy removal

3 years ago /
Nation  Transport  

The Nigeria Labour Congress (NLC) is set to protest the looming removal of fuel subsidy proposed by the federal government, calling all its state councils and affiliate unions to get ready. This was revealed in a statement by the General Secretary of the NLC, Dr. Peter Ozo-Eson, on Tuesday, where he...

FG slashes fuel price by 50 Kobo

3 years ago /
Nation  Transport  

The federal government yesterday reduced the pump price of petrol from N87 to N86.50k per litre with effect from January 1, 2016. The announcement was made yesterday by The Petroleum Products Pricing Regulatory Agency’s (PPPRA) that there will be a 50 koko reduction in the pump price. Starting from January 1,...

Refineries to produce 10 Million litres of petrol by Jan 2016 – NNPC

3 years ago /
Nation  Transport  

The Nigerian National Petroleum Corporation, NNPC says it is working to ensure that full efficiency returns to the nation’s refineries which are expected to produce about 10m litres of petrol per day by January 2016. The Minister of State for Petroleum Resources, who is also the Group Managing Director of NNPC,...

Nigeria will import fuel beyond 2016 – Kachikwu

3 years ago /
Nation  Transport  

The Minister of State for Petroleum, Ibe Kachikwu, has revealed that the country would continue to import fuel beyond 2016. Addressing newsmen at a Press Conference shortly after a tour of the Kaduna Refining and Petrochemicals Company on Sunday, Kachikwu said “the future is that Nigeria is still going to import...

Fuel scarcity: 200 truckloads of fuel arrive in Abuja – NNPC

3 years ago /

According to a statement signed by Mr Ohi Alegbe, Group General Manager, Group Public Affairs Division, on Monday in Abuja, the Nigerian National Petroleum Corporation (NNPC) has deployed about 200 truckloads of fuel to Abuja to help reduce the ongoing fuel scarcity and ease Yuletide celebration. "In continuation of the special...

Oil countries make plans for 6th Africa Petroleum congress and Exhibition

3 years ago /

Africa oil producing countries must in the face of dwindling oil prices figure out ways of producing oil at the barest minimum cost. This charge was made Monday by Nigeria’s minister of state for petroleum resources Emmanuel Ibekachickwu at the world press conference to announce the 6th Africa petroleum congress and...

No going back on fuel subsidy removal in 2016 - FG

3 years ago /
Nation  Transport  

The Federal Government has insisted that there is no going back on plans to remove fuel subsidy payment in 2016. Minister of State for Petroleum Resources Ibe Kachikwu who disclosed this to the National Assembly Joint Committees Medium Term Expenditure framework, MTEF, said the removal of the subsidy will return the...

Kachikwu Orders Free Distribution Of Hoarded Petroleum Products In FCT

4 years ago /
Nation 

The Ministry of Petroleum Resources has instructed the Department of Petroleum Resources (DPR) to distribute petrol of any filling stations involved in hoarding to customers free of charge. Dr Ibe Kachikwu, the Minister of State, Petroleum Resources, announced this during his tour and monitoring of fuel stations in the Federal Capital...