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Tag Archives: Ibe Kachikwu

Kachikwu negotiates $15b advance payment for crude oil deal with India

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, on Monday in India, negotiated a USD 15 billion investment with terms to be agreed, where the Indian Government would make an upfront payment for Crude purchase to Nigeria, to be repaid on the basis of firm Term Crude Contracts over some years and in consideration for Indian public …

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NSA, Kachikwu, Nguru, Boroh meet militants over pipeline bombings

As part of efforts of the Federal government to find a peaceful solution to the ongoing sabotage of oil and gas installations in the Niger-Delta, representatives of the government held a meeting with about 50 ex-militant leaders in Abuja on Wednesday. Representing the government at the meeting, which took place at  the Transcorp Hilton, Abuja were the National Security Adviser, …

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FG removes fuel subsidy, petrol to sell for N145 per litre

The Minister of State for Petroleum Resources, Ibe Kachikwu, on Wednesday, said any Nigerian entity is now free to import petroleum products into the country, subject to existing quality specifications and other guidelines issued by regulatory agencies. Kachikwu pronouncement effectively ended the fuel subsidy regime. The minister said that all Oil marketers will be allowed to import the product on …

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