A RATHER alarming twist was yesterday introduced to the crisis in the Niger Delta region as two separate massive car bomb explosions rocked the facilities of two oil conglomerates – Shell Petroleum Development Company (SPDC) and Agip Oil Company. Also … read more
THE Federal Government has reversed itself again on plans to sell controlling interest in the Port Harcourt Refining Company, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), with a January 19 deadline fixed for submission of expression of interest. … read more
GOVERNOR Umaru Musa Yar’Adua’s nomination as the ruling Peoples Democratic Party’s (PDP) presidential candidate in next year’s election has generated a plethora of views from Nigerians in Europe, the United States (U.S) and among western diplomats. One western diplomat told … read more
Shell Petroleum Development Company of Nigeria on Monday began frantic moves to put out a raging fire which engulfed its Bomu oil well in Gokana Local Government Area of Rivers state, barely one month after another inferno on Yorla Well-head … read more
Militants seeking a greater share of oil revenues for their impoverished region detonated two car bombs nearly simultaneously Monday in southern Nigeria, the latest in a series of attacks that have cut crude production in Africa’s oil giant by one … read more
The delay in rehabilitating the dilapidated Port Harcourt International Airport, nearly five months after it was shut, is raising concern amongst air travellers. Work on the airport, which was closed for repairs on August 18, is yet to start, foreclosing … read more
FRESH facts emerging on how Bayelsa State Governor, Dr Goodluck Jonathan, was chosen as the Vice Presidential candidate of the ruling People�s Democratic Party (PDP), suggest that the leadership of the party wanted a clean break with the past and … read more
Bureau of Public Enterprises (BPE), has resumed the process of privatising the Port Harcourt Refinning Company (PHRC). The privatisation agency said weekend, that it is seeking prospective core investors to purchase 51 per cent or more of the Federal Government … read more
The inability of the managers of the Petroleum Support Fund to pay marketers outstanding debts totalling N18bn has been identified as a major cause of the current nationwide scarcity of petroleum products. Other factors which contributed to the scarcity, according … read more
In Nigeria, the opposition All Nigeria Peoples Party (ANPP) of former military ruler Muhammadu Buhari holds its convention Monday to choose its candidate for the April 2007 presidential elections. Sunday, the ruling Peoples Democratic Party (PDP) picked 55 year-old Umaru … read more