Tag: Refineries

Kachikwu

The Late 5: Kachikwu says FG won’t sell refineries, Court dismisses corruption case against Nnamani, and other top stories

These are the top five Nigerian stories that drove conversation today. Rivers State governor, Nyesom Wike has said the Independent National Electoral Commission (INEC) is incapable of conducting credible election…

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Niger Delta: 10 refineries reach advanced stage, Ogoni clean-up record progress – Osinbajo

Vice President Yemi Osinbajo has said the Buhari administration is committed to promoting the establishment of privately financed modular refineries so as to increase local refining capacity, create jobs, ensure…

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Buhari, Ibe Kachikwu, Fuel scarcity

Fuel Scarcity: The federal government has quietly reintroduced subsidies, what does this mean for the economy?

Have the queues spurred by fuel scarcity around the country disappeared? If the answer is yes, it is likely for two reasons. One, that many persons have given up hope…

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NNPC inaugurates committees to rehabilitate refineries

The Nigerian National Petroleum Corporation (NNPC) has inaugurated eight committees to rehabilitate the nation’s refineries. Maikanti Baru, Group Managing Director of the corporation, said this in a statement on Wednesday…

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The YNaija Tracklist: $1.2bn needed to repair NNPC refineries – Kachikwu | Reps summon service chiefs, IGP over kidnappings | More stories

From the papers this morning - a tracklist. Anti-Igbo threat: “We are still looking for them” | Police yet to arrest Northern youth leaders - YNaija $1.2bn needed to repair…

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$1.2bn needed to repair NNPC refineries – Kachikwu

Minister of State for Petroleum Resources, Ibe Kachikwu has said the Federal Government needs about $1.2 billion to repair three refineries of the Nigerian National Petroleum Corporation (NNPC). While speaking…

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[The Presidential Blog] We are keeping this receipt for Minister Kachikwu till 2019

Minister of State for Petroleum Resources, Dr Ibe Kachikwu just went and promised, with no bidding from anyone, that he'll "walk away" from the government if Nigeria has not stopped…

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FG will revoke licenses of some oil refineries – Kachikwu

by Dolapo Adelana The minister of state for petroleum, Dr. Ibe Kachikwu says the Federal Government will withdraw licenses of private oil refineries that are yet to be utilised. Kachikwu said…

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The YNaija Tracklist: Xenophobia: Militants threaten to attack MTN, Shoprite, others | EFCC briefs Senate on 47 SUVs seized from ex-perm sec | More stories

From the papers this morning - a Tracklist. Buhari approves private investments in refineries - YNaija FG refusing to embark on developmental projects in Rivers – Wike - YNaija Xenophobia:…

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Buhari approves private investments in refineries

by Azeez Adeniyi President Muhammadu Buhari has approved the implementation of a new model which will allow private investors to invest in the country's refineries. Chief Operating Officer for Refineries,…

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Analysis: Just how feasible are Osinbajo’s plans to work with illegal refineries?

by Mark Amaza On the Port-Harcourt leg of his Niger Delta tour, Acting President Yemi Osinbajo disclosed the intentions of the Federal Government to work with illegal refiners of crude…

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Opinion: Why is ‘cooking gas’ costly in Nigeria?

by Adedamola The sudden high cost of Liquefied Petroleum Gas (LPG), cooking gas has made the news, compounding what has been a terrible year for many Nigerian’s disposable income. Sadly,…

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FG will revamp refineries, allocate oil blocks in 2017 – Kachikwu

The Minister of State for Petroleum, Ibe Kachikwu has said the Federal Government will revamp the country's refineries in 2017. He said this while highlighting the plans of the petroleum…

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FG has no plan to privatise refineries – Kachikwu

The Federal Government has said it has no plan to privatize or concession the country's three refineries in Warri, Port Harcourt and Kaduna. Minister of State for Petroleum Resources, Dr.…

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Refineries to work fully in 2017 – NNPC

The Nigerian National Petroleum Corporation (NNPC) says the country's three refineries located in Port Harcourt, Warri and Kaduna will undergo comprehensive rehabilitation to achieve optimal capacity utilisation in 2017. The…

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How NNPC lost N65.83bn in five months

The Nigerian National Petroleum Corporation in its financial report for the month of May, said it recorded a total loss of N65.83bn between January and May 2016. The report, which…

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‘For the first time, we’re not worried about where to get subsidy money’

Managing Director of the Nigeria National Petroleum Corporation (NNPC), Ibe Kachikwu has revealed that under his leadership, the oil corporation has saved N1 trillion in subsidy removal and $1 billion…

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Why NNPC shut down Kaduna, Port Harcourt refineries

by Emeka Nwankwo The Nigerian National Petroleum Corporation, on Wednesday, announced that it had shut down the Kaduna and Port Harcourt refineries, due to challenges incurred from the recent attacks…

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FG assures Nigerians they have no plan to sell refineries

The Federal Government has assured Nigerians that it has no plan to sell any of the refineries in the country but may encourage joint venture investments in the facilities. The…

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Is the NNPC planning to sell off Nigeria’s refineries?

The Nigerian National Petroleum Corporation (NNPC) has recommended the sale of the nation’s three refineries in Port Harcourt, Warri and Kaduna due to some challenges it described as critical elements.…

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Yar’Adua reversed sale of two refineries, refunded Dangote’s $750m – Obasanjo

Former President, Olusegun Obasanjo has revealed that the late President, Umaru Yar’Adua, reversed the sale due to pressure. Obasanjo disclosed that the sale of two of Nigeria's oil refineries had…

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Opinion: Olusegun Obasanjo is gift that keeps giving sh_t

by Adekoya Boladale Far different from the Obasanjo of old who served with Late Murtala Mohammed, the Obasanjo of 1999 was a man changed by the iron bars of the…

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IPMAN acquires 1,000 hectares for N495 billion private refineries

by Tunji Andrews The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced on Monday, in furtherance of its commitment to provide leadership in establishing private refineries, by acquiring more…

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@ElMagnificento1: The imperative of building local industrial capacity (Y! PolicyHub)

by Fortune God'sSon Alfred So I hear and read somewhere that the US is stopping Nigeria from acquiring (wrong diction) BUYING certain choice military hardware such as the Chinook, which is…

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Opinion: Dear NNPC, please bring back our refineries

by Solomon Ben Olonade     The big question is simple: Should Nigerian refineries translate now from public to private ownership? Most true Nigerians will argue that the right principle for…

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#InCaseYouForgot: ‘I was made President by God,’ says Jonathan

by Oge Okonkwo President Goodluck Jonathan added that Nigeria's problem is lack of love and unity. The president earlier today maintained that he rose from the smallest community in Bayelsa…

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Simon Kolawole: Before they sell the refineries

by Simon Kolawole Many questions were still agitating my mind when stories started flying round the media that there was a pre-conceived agenda to sell the refineries to certain favoured friends of government.…

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Ijeoma Nwogwugwu: How not to sell our refineries

by Ijeoma Nwogwugwu   My take on all this is that it’s high time we do away with the needless emotions and get rid of the four moribund plants on…

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Peregrino Brimah: Diezani Alison-Madueke is prepared to sell Nigeria’s refineries… again

by Peregrino Brimah  So they refurbish “their” thing, with trillions of “their” money, and then sell them to themselves, via their coterie of friends on the outside for one-tenth of the worth, and…

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“To change a nation is like surgery” – President Jonthan advocates the full removal of fuel subsidy

by Rachel Ogbu Yesterday, President Goodluck Jonathan launched a fresh campaign to totally remove the subsidy on fuel. President Jonathan said total removal of subsidy on petroleum products was the…

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