• NNPC made N217m profit under my watch, says Kachikwu

    NNPC made N217m profit under my watch, says Kachikwu

    Former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe-Kachikwu, said in his handover remarks yesterday that the corporation, which he said had never made profit before, made N217 million profit under his watch.

    “I am happy to announce that in our May results, for the first time in the history of this company, the NNPC made a profit of N217 million,” he told the gathering at the NNPC Towers while handing over to the new GMD, […]

  • Nigeria to end fuel importation in 2019, says Kachikwu

    Nigeria to end fuel importation in 2019, says Kachikwu

    Minister of State for Petreleum Resources Dr Ibe Kachikwu yesterday said Nigeria would end fuel importation by 2019.

    He said it requires $50billion dollars to fill the infrastructural gap in the industry and get it functioning optimally. He said by 2019, Nigeria expects to become a net exporter of refined products, adding that an investment drive is ongoing to meet the infrastructure requirement.

    Kachukwu was a guest speaker at the 10th Annual Business Law Conference of the Nigerian Bar Association Section on […]