Motolani Oseni Federal Government has said that has generated about N2 trillion from royalty recovery scheme aimed at recovering royalty indebtedness by exploration oil firms operating in the country. Oil and gas royalties refer to funds received from the production of oil or gas, free of costs, except taxes. It can also be described as […]
The Peoples Democratic Party (PDP) has said that the failure of the President Muhammadu Buhari-led Ministry of Petroleum Resources to find any solution to the biting fuel crisis in the country has wrecked the nation’s economy. This is just as the party slammed the Minister of State for Petroleum, Dr. Ibe Kachikwu over his proposals […]
…Processing 4 more As business leaders storm Benin City, the Edo State capital, today, for the Alaghodaro Investment Summit, Minister of State Petroleum Resources, Dr. Ibe Kachikwu, on Thursday, in Benin City, said the Federal Government is already processing applications received for the establishment of seven modular refineries in the state. He said three of […]
IT transpired recently, that an official memorandum by Dr. Ibe Kachikwu, Minister of State for Petroleum Resources, to President Muhammadu Buhari, who is also the substantive Minister of Petroleum Resources, was leaked to the public. Whoever leaked the memo is not of interest to this writer because, if the author of the memo, the Minister […]
Mathew Dadiya, Abuja The Federal Government on Sunday made its position clear over the controversy at the Nigerian National Petroleum Corporation (NNPC) over the purported leaked memo of the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who accused the NNPC Group Managing Director, Dr. Maikanti Baru, of insubordination and high-handedness in the management […]
.Wants President to hand off Petroleum Resources portfolio . Says NNPC boss, partners in Presidency guilty of economic crimes, sabotage .Osinbajo: I approved NNPC’s joint venture financing contracts Ganiyu Obaaro, Lagos & Myke Uzendu, Abuja Renowned economist and former university don, Dr. Kayode Familoni, has accused President Muhammadu Buhari of being a biased umpire in […]