NASS to probe Power Ministry, World Bank GEM project

The Federal Ministry of Power and Housing, headed by Mr. Babatunde Fashola, is now being fingered by the Senate in a $350 million fraud. According...

PIB will be ready in 2-weeks, says Consultant to Senate

Barring any last minute change, the long awaited Petroleum Industry Bill (PIB) will be ready in the next two weeks. The Lead Consultant to the...

Nigeria must prepare for a future well beyond oil, says Osinbajo

Nigeria must use its oil wealth to prepare for a future when the world no longer runs on fossil fuels, Vice-President Yemi Osinbajo has...

IMF projects deficits of $320B for Mideast oil exporters

The Middle East's oil producers are bracing for continued pressure from lower oil prices, with the International Monetary Fund projecting cumulative budget deficits of...

FG moves to stop illegal trading on gemstones, precious metals

The Federal Government has promised to stop illegal trading on gemstones and precious metals in the nation. The Minister of Mines and Steel Development, Dr...

Major restructuring in DPR, NCDMB, others to begin soon, Kachikwu says

The Minister of State, Petroleum Resources, Dr Ibe Kachikwu, yesterday disclosed that a major restructuring exercise that will affect all the parastatals under his...

FG, Dangote, others sign $1.1 billion pact for 540MW plant

The Federal Government and the developers of the 540-megawatts Qua Iboe Power Plant signed a Power Purchase Agreement for the development of the $1.1bn...

Ghana petroleum regulator collaborates Nigeria’s Techno Oil on LNG

A delegation from Ghana’s National Petroleum Authority visited the management of Techno Oil Ltd. in Lagos on Friday to seek collaboration on Liquefied Natural...

United States to supply power to Nigeria – US Energy Secretary

The United States of America, USA, has concluded plans to supply power to Nigeria, Cote D’Ivoire and South Africa, thus changing its status as...

Crude oil exploration commences in Nasarawa state

Oil search in the nation’s inland basins received a fresh impetus following the commencement of exploration activities in the Benue Trough by the Nigerian...

PENGASSAN rejects FG, states tax pension plan

Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has rejected the plan by both the Federal and state governments to tax pensions,...

Gas flare rate in Nigeria drops to 12 per cent

The Nigerian National Petroleum Corporation (NNPC) Wednesday disclosed that gas flare rate in Nigeria has dropped to 12 per cent, which translates to 919.73mmscfd. Nigeria...

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