Ever since oil was discovered in Nigeria in 1908 and its sudsequent exploration, it has taken a broad view, determined to play an important role in the oil industry, not just within the sub-region but globally. Overtime, oil money quickly became almost...
The Pipelines and Products Marketing Company (PPMC) has allayed fears of fuel scarcity in the country, saying that oil marketers have resumed fuel importation. The PPMC gave the assurance on Thursday in Abuja in a statement signed by Dr Levi Ajuonuma, ...
The energy sector, for so many years has defiled solution by past administrations. However, the minister of Power, Professor Barth Nnaji says power problem will soon be a thing of the past. Recently he fielded questions from journalists in Abuja where ...
The Independent and Major Petroleum Marketers Association of Nigeria (IPMAN), Ilorin branch, has suspended its two-day strike which almost paralysed commercial activities in the state. In a statement in Ilorin on Wednesday, the Kwara Chairman of ...
Minister of Power, Prof. Barth Nnaji, has urged Turkish investors presently in the country to seek investment in the nation’s power sector to identify their areas of interest and begin projects of their choice immediately. The minister stated thi...
The Senate yesterday frowned at the management of the Petroleum Training Institute internally generated revenue for the 2012 even as they directed the institute to furnish them with details of its capital and outgoing projects. Also, the Senate Committ...
The Minister of Water Resources, Mrs. Sarah Reng Ochekpe, has stated that the Kashimbilla/ Gamovo multi-purpose Dam when completed in 2014, would add 40 megawatts of electricity to the national grid. The Dam has the capacity to supply water of 60,000m3...
The National Union of Petroleum and Natural Gas Workers (NUPENG) has called off the nationwide strike it embarked upon on Tuesday to protest against some labour issues in oil giant, Shell. Mr Tokunbo Korodo, Chairman of NUPENG in South-West, confirmed ...
The Department of Petroleum Resources (DPR) yesterday sealed off ten petrol stations in Kaduna State for involving in sharp practices ranging from diversion and selling of fuel above the price of 97 naira. LEADERSHIP gathered that seven of the sealed f...
President Goodluck Jonathan, has appointed Engr. Kenneth Achugbu, as the new chief executive officer of the Rural Electrification Agenda (REA). The REA was established in 2006 following the passage into law of the Electric Power Sector Reform Act 2005,...
The Senate Committee on Ecology and Environment has urged the federal government to provide more funding for agencies responsible for monitoring the environmental impact of oil exploration to enable them function effectively. Chairman of the committee,...
The Senate yesterday said it never at any time barred President Goodluck Jonathan from drawing from the 2011 Budget beyond December 31. It Instead said it had rather empowered the President to extend the spending to March 31, 2012. Ch...
The Federal Government has assured Nigerians that in less than 24 months, the current refineries in the country would become 90 per cent operational, and that the application of the money saved from the petroleum subsidy would generate over one million...
The Senate Committee on Environment and Ecology yesterday summoned the management of Shell Petroleum Development Company (SPDC) and officials of the ministry of environment over the oil spill in Bonga deep water facility off the coast of Nigeria. ...
The year 2011 is gradually coming to an end and the energy sector is still entangled in one controversy or the other. Despite its ambitious economic development programmes aimed at placing the country in the league of twenty most developed economies in...