The concluding appeal of the verdict of a San Francisco jury that absolved Chevron Corporation of any blame for the shootings of Nigerian villagers who occupied an offshore barge in 1998 has been turned down by the United States Supreme Court. This put...
The Federal Government on Monday said it would build two emergency power plants in Lagos to ensure adequate power supply in the state. President Goodluck Jonathan said this at the opening of the 6th Lagos Economic Summit tagged: ``Ehingbeti 2012``. Jon...
The Ministry of Trade and Investment has inaugurated the Technical Committee for the 2012 Trade and Investment Forum on Oil and Gas Free Zone, Onne, Rivers. Dr Samuel Ortom, the Minister of State for the ministry, who inaugurated the committee in...
The Nigeria Electricity Regulatory Commission (NERC) says Eko Distribution Company has refunded N8 million to residents of Victoria Garden City Estate in Lagos. Dr Sam Amadi, NERC chairman, told newsmen in Abuja on Friday that the money was the excess ...
In this interview with JULIET ALOHAN, the Executive Secretary of the Petroleum Technology Development Fund (PTDF) Engr. Muttaqha Rabe Darma, says he took over the helm of affairs of the Fund at a time when it enjoyed little or no popularity from Nigeri...
The epileptic power supply currently being experienced in some parts of the country, particularly in Lagos State is to witness an improvement by the end of this month. Two power plants Egbin and Olorunsogo which are the major power sources to Lagos and...
French energy group Total has shut down a gas plant in southern Nigeria because of a technical fault during a drilling operation at an oil facility, the company said on its website. “On April 3rd, Total E&P Nigeria Limited (TEPNG) was alerted...
A renowned environmentalist, Mr Nnimo Bassey, has called on the Federal Government to impose stiffer penalties on oil firms that pollute the environment in the Niger Delta area. Bassey said in an interview with the News Agency of Nigeria (NAN) in Eket,...
Mines and Steel Development Minister Mohammed Sada says the quality of Maiganga coal deposit in Akko Local Government Area of Gombe State is good for power generation Sada told newsmen on Friday that ``the quality has been already proven to be good en...
Power generation in the country has dropped below 2,000 megawatts due to system collapse at Egbin Power Station. An official of the Ministry of Power, who pleaded anonymity, told our correspondent on Friday in Lagos that power supply had worsened in ma...
An increase in electricity tariff is imminent as the federal government has said it cannot privatise the Power Holding Company of Nigeria (PHCN) unless the Cost Reflective Tariff (CTF) for electricity is fixed. Minister of Finance and Coordinating Mini...
The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria may not be of much help to fill the gap in the global oil market created by the impending sanction on Iranian oil by the United States of America and Europe. According to NN...
The Commissioner for Power and Energy in Delta, Mr Charles Emetulu, said that the State Government had got approval to step down 150 megawatts of electricity in Asaba. Emetulu told the News Agency of Nigeria (NAN) in Asaba that Asaba remained the only ...
The Bureau of Public Enterprises (BPE) has released the revised industry and transaction agreements to the 152 potential investors interested in the privatisation of the 17 successor companies created from the unbundling of the Power Holding Company of...
The Power Holding Company of Nigeria (PHCN), Uyo Business Unit, Akwa Ibom, has lost facilities worth N20 million to vandals, the News Agency of Nigeria (NAN) reports. Mr Uzoma Mbuku, the Uyo Business Manager of PHCN, said this on Friday in Uyo at a Cus...