The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has explained that reports of concession of Port Harcourt to Oando and Agip companies were untrue . Kachikwu said at a news briefing that ”a technical committee set up by the government to undertake the review...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the country lost as much as $100bn in revenue last year as attacks by militants in the oil-rich Niger Delta cut crude output to a record low. Kachikwu, who stated this in his...

The Niger Delta Non-Violence Youth Leaders Assembly, a peace advocacy group, has applauded last Friday’s visit of Acting President Yemi Osinbajo to Bayelsa, describing it as a morale booster. The group also said that the visit had revived the hope of Niger Delta people of...

An acute shortage in the supply of diesel and kerosene has hit filling stations nationwide, a situation which may fuel inflation on foods and other consumables if not averted quickly. Daily Trust report that imports of diesel and kerosene have been suffering hitches due to...

A Memorandum of Understanding between Italian oil giant ENI and Nigerian National Petroleum Corporation was signed in Rome with ENI committing to the refurbishment of the Port Harcourt Refinery. The company also agreed to build Phase 2 of Okpai Power Plant and to further invest...

Nigeria spent N2.596 trillion to import 24.4 billion litres of petroleum products consumed in the country last year, a report released by the National Bureau of Statistics (NBS) has shown. Analysis of the NBS petroleum products imports statistics for the last quarter of 2016 released...