Portugal, Cameroon, Malaysia Patronise Nigerian Crude Oil

Portugal, Cameroon, Malaysia Patronise Nigerian Crude Oil

Portugal, Cameroon and Malaysia retuned to the Nigerian crude oil market after several months, crude export destination data released by the Nigerian National Petroleum Corporation (NNPC) showed. According to the report, around 948,000 barrels of Nigerian crude was exported to the Western European country in May 2017, the last shipment was in November 2016 when Portuguese orderd for about 996,000 barrels crude. The report also showed that West African neighbour Cameroon also bought 700,000 barrels…

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We Are About To Discover Oil In Northern Nigeria – NNPC

We Are About To Discover Oil In Northern Nigeria – NNPC

The Nigerian National Petroleum Corporation (NNPC) is confident that its aggressive exploration of inland basins in northern Nigeria would soon yield success with hydrocarbon finds in commercial quantity. This is according to the Group Managing Director of NNPC, Dr. Maikanti Baru, when he received a delegation of the Nigerian Association of Petroleum Explorationists (NAPE) executives led by its President, Mr. Abidun Adesanya, in Abuja. He said based on preliminary results from the exploration activities in…

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Fuel Subsidy Returns As FG Incurs N586m Daily

Fuel Subsidy Returns As FG Incurs N586m Daily

There are indications that the Federal Government has started incurring N586 million daily as fuel subsidy, following the rise in crude oil price from $49 to $58 per barrel in the international market between August and October this year. Investigations by Vanguard showed that unlike in August this year, when refinery owners sourced their oil at $49 per barrel, the development has forced refiners to incur additional cost, which they passed on to importers, especially…

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Agbakoba Drags Buhari To Court For Appointing Himself Petroleum Minister

Agbakoba Drags Buhari To Court For Appointing Himself Petroleum Minister

Nigeria’s President Muhammadu Buhari has been dragged before an Abuja Federal High Court by former president of the Nigerian Bar Association, Olisa Agbakoba, for appointing himself the Minister of Petroleum Resources. In the suit which the lawyer instituted before the court on Monday, through his chambers, he prayed the court to establish the constitutional qualification of the president to hold executive office as Petroleum Minister. According to Agbakoba, going by section 138 of the Nigerian…

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NNPC Leaked Memo: Ibe Kachikwu Finally Reveals What Buhari Told Him

NNPC Leaked Memo: Ibe Kachikwu Finally Reveals What Buhari Told Him

The Minister of State for Petroleum Resources and Energy, Dr. Ibe Kachikwu, has finally revealed what President Muhammadu Buhari told him after a brief meeting at the Presidential Villa last week. Following the controversial memo on the Group Managing Director of the Nigeria National Petroleum Corporation, Dr . Maikanti Baru, Kachikwu had met the President in a closed-door chat. He, however, stormed out after the meeting refusing to address the state house press. The Minister…

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Osinbajo Now Has PhD In Lying – Asari Dokubo Attacks Vice President [VIDEO]

Osinbajo Now Has PhD In Lying – Asari Dokubo Attacks Vice President [VIDEO]

Former Niger Delta warlord, Mujaheed Asari Dokubo has lambasted Vice President, Yemi Osinbajo describing him as a great liar. Asara said the vice President now had PhD in lying. The ex-militant leader said this in a video he shared on Friday in reaction to the NNPC contract saga. There have been conflicting reports of Osinbajo’s alleged approval of NNPC contracts worth over N600 billion while Buhari was away on medical leave in London. In a…

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Petition Against NNPC Boss Was Leaked By Kachukwu To Embarrass Buhari – Yakassai

Petition Against NNPC Boss Was Leaked By Kachukwu To Embarrass Buhari – Yakassai

The Minister of State for Petroleum and Resources, Ibe Kachikwu, has been accused of masterminding the leakage of the memo he wrote to President Muhammadu Buhari accusing the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) Maikanti Baru, of insubordination. The accusation was made by Tanko Yakasai on Wednesday who claimed that Kachikwu leaked the memo for the sole purpose of embarrassing President Buhari and portray him as being unserious on issues of…

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Buhari Approved Two Oil Deals Worth N640.8 Billion From Sick Bed In London – Baru

Buhari Approved Two Oil Deals Worth N640.8 Billion From Sick Bed In London – Baru

President Muhammadu Buhari granted approvals worth N640.8 billion contracts for oil deals to the Nigerian National Petroleum Corporation during the time he was on his sick bed in London, the press statement from the corporation indicated. Mr. Baru said Mr. Buhari approved at least two separate oil contracts on July 10 and July 31 worth $1 billion and $780 million, respectively. The time concise with the period President Buhari was receiving treatment for undisclosed ailments…

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President Buhari Orders Kachukwu And Baru To End Public Bickering Over NNPC Matters

President Buhari Orders Kachukwu And Baru To End Public Bickering Over NNPC Matters

President Muhammadu Buhari has ordered stoppage to the bickering and embarrassing public spectacle between the Minister of State, Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, and the Group Managing Director, GMD, Nigeria National Petroleum Corporation, NNPC, Mr. Maikanti Baru, Vanguard newspaper gathered. According to Vanguard, the President also directed that sanity should prevail as he ordered a halt to any further washing of dirty linens in public. Of interest to the President, sources privy to the…

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Kachikwu Declines To Make Comments After Meeting With Buhari

Kachikwu Declines To Make Comments After Meeting With Buhari

Nigeria’s Minister of State for Petroluem, Dr. Ibe Kachikwu did not utter a word to journalists after meeting President Muhammadu Buhari over leaked memo. The meeting between the President and the Minister of State for Petroleum, according to Channels Television, lasted for about 1hr and 20mins. Mr. Kachikwu declined to make any comment after the meeting with the President which had raised eyebrows concerning the issues affecting the Board which he chairs and the Group…

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