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Nigeria: Kachikwu Debunks Reports On Plans to Increase Fuel Price
Vanguard, 5 January 2018
Minister of State for Petroleum, Dr Ibe Kachikwu, has denied news reports that the Federal Government was planning to jack up the pump price of petrol, at present fixed at N145 per… Read more »
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Nigeria: NNPC Records N85.5 Billion Loss On Petrol Importation, Says Kachikwu
Vanguard, 5 January 2018
The Minister of State For Petroleum Resources, Dr Ibe Kachikwu on Thursday said the Nigerian National Petroleum Corporation, NNPC has incurred a cumulative loss of N85.5 billion in… Read more »
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Nigeria: There'll Be No Permanent Solution to Fuel Crisis in Nigeria Unless - Kachikwu
Vanguard, 4 January 2018
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says the Federal Government is working assiduously to revamp the country's refineries to address the problems of… Read more »
No Plans to Increase Fuel Price - Nigerian Oil Minister
The Minister of State for Petroleum, Ibe Kachikwu, has denied reports that the government was planning to increase the pump price of petrol, at present fixed at N145 per litre. Kachikwu also says that the government is working to revamp the country's refineries to address the problems of lingering fuel crisis.
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Nigeria: 5 Things We Learned From Senate's 5-Hour Public Hearing On #FuelScarcity
Daily Trust, 4 January 2018
On Thursday, the Senate Committee on Downstream Petroleum, Chaired by Senator Kabiru Marafa, held a 5-hour public hearing to determine the cause of the fuel scarcity in the country… Read more »
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Nigeria: Petrol May Sell Above N175 As Kachikwu Backs Marketers
Guardian, 5 January 2018
The Minister of State for Petroleum, Ibe Kachikwu, said yesterday that the perennial petrol scarcity and price instability would only stop when the Federal Government removes the… Read more »
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Nigeria: The Real Reasons for Fuel Scarcity in Nigeria - Oil Minister
Premium Times, 4 January 2018
Lack of sufficient reserve, low clearance speed of petrol at the ports, diversion of products are some of the reasons for the ongoing fuel crisis being experienced in the country,… Read more »
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Nigeria: Fuel - Govt Considers 3 Options On N145/Litre
Daily Trust, 5 January 2018
A presidential committee set up to find solution to the perennial fuel supply crisis is considering three options including allowing oil marketers to import fuel and sell at their… Read more »
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Nigeria: 4,500 Trucks of Petrol Diverted During Scarcity - Baru
Premium Times, 5 January 2018
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, has disclosed that up to 4,500 trucks of petrol were diverted last month during the… Read more »
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Nigeria: No Plans to Increase Fuel Price, Kachikwu Restates
Premium Times, 5 January 2018
The Minister of State for Petroleum, Ibe Kachikwu, has denied news reports that the federal government was planning to jack up the pump price of petrol, at present fixed at N145… Read more »
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Nigeria: Fuel Scarcity - Govt Hopes On NASS to Okay Money for Debt Payments - Baru
Vanguard, 5 January 2018
There are indications that the National Assembly will soon appropriate funds for the settlement of N800 billion subsidy debts to oil marketers as part of moves to enable them… Read more »
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Nigeria: Dealer Blames Petrol Marketers for Hoarding, Profiteering
Daily Trust, 5 January 2018
The South-East Zonal Supervisor, Pinnacle Oil and Gas, Mrs Amaka Okonkwo, has criticized some petroleum product marketers for hoarding and profiteering of the products, leading to… Read more »
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Nigeria: Oil Hits $68, Boosts Nigeria's Revenue, but Petrol Imports Hurt Finances
This Day, 5 January 2018
The price of crude oil rose further Thursday exceeding $68 per barrel, its highest since May 2015, supported by unrest in Iran and raising concern about risks to supplies, cold… Read more »
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Nigeria: NNPC Loses N900 Million Daily to Sell Petrol At N145 - Kachikwu
Premium Times, 5 January 2018
The Minister of State For Petroleum Resources, Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation, NNPC, has incurred a cumulative loss of N85.5 billion in… Read more »
InFocus
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The Senate Committee on Petroleum Resources has summoned the Minister of State for Petroleum, Ibe Kachikwu, and Group Managing Director of the Nigerian National Petroleum ... Read more »
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The government has agreed to grant oil marketers further concession to access foreign exchange at a rate below the official N305/dollar to enable them to resume importation of ... Read more »
