The Federal Government has hiked the price of Premium Motor Spirit, PMS, also known as petrol, directing marketers to sell at between N135 and N145 per litre. Government also stated that any Nigerian firm could now import the product, subject to existing quality specifications...

Ahead of the federal government’s announcement on the removal of subsidy on petrol, Vice-President Yemi Osinbajo has said that the government will have to take tough decisions on the desirability of retaining fuel subsidies, adding that it had become necessary to remove them. His statement...

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) Dr.Ibe Kachikwu says the commitment of the Federal Government and the NNPC to explore for oil and gas in the inland basins especially Chad Basin and the Benue Trough is unwavering and...

The minister of state for petroleum resources and group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr Ibe Kachikwu, has disclosed that drilling activities will commence in the Chad Basin in the fourth quarter (Q4) of this year. Kachikwu who disclosed this yesterday...

The restructuring at the Nigerian National Petroleum Corporation has not ended but is ongoing, the Minister of State for Petroleum Resources and Group Managing Director of the oil firm, Dr. Ibe Kachikwu, has said. According to Kachikwu, the restructuring is not only at the national...

Minister of State for Petroleum, Dr Ibe Kachikwu, has declared that there is no plan to sell any of the refineries to foreign investors just as he said that $700million would be needed to fix refineries. Kachikwu had earlier on Friday visited Warri, Delta State,...