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Nigeria Loses $565.8m In Unpaid OPLs, OMLs Fees

...As Reps accuse DPR of conspiracy, negligence ...Summon Kachikwu NIGERIA loses $565.8 million due to the inability of the Department of Petroleum Resources ,DPR, to hold oil companies to their commitments in agreements, culminating in the award of Oil Prospecting Licences ,OPLs, and OIL Mining...

Nigeria Risks Losing Oil Buyers To Iran, S’Arabia

Nigeria, which recently lost its Africa’s top oil producer status to Angola on the back of huge decline in its output, stands a chance of losing some of its traditional buyers to rival producers such as Iran and Saudi Arabia, industry experts have said. Following...

Kachikwu Calls For Dialogue With Niger Delta Militants

…executing a contentious policy ...Tompolo launches manhunt for Niger Delta Avengers, arrests two militants ..EFCC: How ex-militant defrauded NIMASA of N24bn  Contrary to application of brutal force against militants in the Niger Delta region, the federal government has been advised to engage the vandals who have been...

Nigeria To End Fuel Importation In 2019- Kachikwu

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said the Federal Government was targeting 2019 to end fuel importation in the country. Kachikwu disclosed this when he was speaking at an interactive session on removal of fuel subsidy organised by Coalition of Civil Society...

Kachikwu: FG To Revoke Unused Refinery Licences

...IPMAN describes FG’s past regulation of petrol price as a failure About 25 licences that were given to private operators between 2002 and 2014 to build refinery complexes in Nigeria will be reviewed at again and those that have remained inactive will be revoked, the...

Subsidy Removal: Tinubu Backs Buhari, Falana Condemns Price Hike

A former Lagos State Governor and National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has described the decision of the President Buhari-led Federal Government to remove petrol subsidy as courageous. The government, through the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu,...