The epileptic power supply being experienced at present in the country may further worsen as power generation has dropped. Honorary Strategic Adviser to President Umaru Musa Yar’Adua on Energy, Dr. Rilwanu Lukman, has said at the weekend that the generating … read more
Many companies which have virtually no investment in Nigeria have again been favo-ured to import petroleum products into the country this year. THISDAY had reported last Friday that 28 companies had been given approval to lift Nigeria ‘s crude oil … read more
Nigeria�s external reserves rose to $54.63 billion by February 1 due to higher crude oil price in the international market, the Central Bank of Nigeria (CBN) has reported. The reserves had stood at $54.43 billion during the week-ended January 25 … read more
The controversy over the reorganisation in the Shell Petroleum Development Company has continued to linger as the National Assembly has summoned the management of the Dutch oil multinational over the exercise. Investigation by our correspondent showed that the SPDC management … read more
Unidentified assailants on Monday attacked a Naval vessel escorting petroleum-industry watercraft in chaotic southern Nigeria, killing one sailor and injuring another, officials said. The gunmen fired on the boats serving the natural gas industry as they headed toward an island … read more
The management of the Nigeria National Petroleum Corporation (NNPC) is not comfortable with the ongoing restructuring at the Shell Petroleum Development Company of Nigeria (SPDC). An NNPC official said yesterday that the corporation, as the principal partner with a 51 … read more
Security agencies in the Niger Delta region have put their men on the alert following intelligence report that some armed groups plan to launch a massive attack on government structures and oil companies in the region. Our correspondent learnt that … read more
seafarers in the world have spoken with one voice demanding the declaration of Niger Delta area in Nigeria, a war zone, Empowered Newswire reports. According to the International Transport Workers� Federation, ITF, the time has come to declare Nigerian territorial … read more
Police authorities in Kano have placed their men on the alert after rioters on Friday killed two policemen and one other person in Sumaila over an alleged blasphemy by a student. Violent protest erupted in Sumaila town, about 50 kilometres … read more
Managing Director of the Niger Delta Development Commission (NDDC), Timi Alaibe, has said $100 billion is required to realise goals set for the first 15 years of the Master Plan for the Niger Delta. Alaibe observed that the region had … read more