•Challenge Avengers to blow up the ‘SUN’
The yearning for improved power supply nationwide has been in the front burner for some time running now. While efforts were made by successive governments to meet this all essential need, one of the major hitches to power supply has been the damning activities of vandals across the country.
Nigeria is seeking $40bn to $50bn investment in oil projects with the commencement of a major road show in China, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said.
SUNDAY ODE, Abuja
Incoming Secretary General of OPEC, Mohammed Barkindo, on Tuesday met with President Muhammadu Buhari behind closed-doors in his office at Aso Rock Presidential Villa, Abuja.
CHINEDU WOSU, Yenagoa
Following the incessant bombing of oil facilities by the militant groups in Niger Delta communities, the Federal Government has assured the people of the region the on-going efforts at tackling the issue of insecurity, sayings that the efforts are not cosmetic, but to ensure peace and stability.
••• As Nigerians groan under astronomical hike in petrol price
May 29, 2016 will mark exactly one year President Muhammadu Buhari, was sworn in as President of the Federal Republic of Nigeria, his coming kindled a lot of confidence and hopes following his change mantra to tear down the walls of corruption and bring back good standards for all Nigerians.
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that about 25 licenses that were given to private operators between 2002 and 2014 to build refinery complexes in Nigeria will be reviewed. According to him, those that have remained inactive will be revoked.
Nigerian National Petroleum Corporation’s (NNPC’s ) debt overhang in cash calls to multinational and indigenous oil companies it operates Joint Venture (JV) project with, has reached about $7billion, it was learnt at the weekend.
Nigeria’s oil production has fallen by almost 40 per cent to 1.4 million barrels a day due to militant attacks on facilities in the Niger Delta region, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said.
Vice President Yemi Osinbajo yesterday night met with some stakeholders about the attacks on pipelines in the Niger Delta region.