The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on Tuesday. Kachikwu said the rise in global crude oil prices after the 2016 hike in petrol price brought back subsidy. Recalling […]Read More
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that three out of the 40 planned modular refineries would likely come on stream by end of 2019. Kachikwu disclosed this at the three-day Biennial International Conference for Health, Safety and Environment (HSE) organised by Department of Petroleum Resources (DPR) in Lagos on […]Read More
The Federal High Court in Abuja has declared that President Muhammadu Buhari cannot legally double as the Minister of Petroleum Resources. The court made the declaration on Thursday while giving judgment in a suit filed last year by a former President of the Nigerian Bar Association, Dr. Olisa Agbakoba (SAN). Agbakoba had, in the suit, […]Read More
A coalition of leaders from nine states of the Niger Delta on Wednesday criticized ongoing smear campaign targeted at Dr Ibe Kachikwu, Minister of State for Petroleum Resources. The leaders, who spoke to the News Agency of Nigeria (NAN) in Yenagoa, said that unwarranted attacks to tarnish the image of Kachikwu were unacceptable. A Niger […]Read More
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