Power investors suspend prepaid meter scheme

Consumers have continued to groan about poor power supply after the takeover of the assets of the defunct Power Holding Company of Nigeria by...

House probes NNPC over short fall in oil revenue

Disturbed that a shortfall of $13 billion, between January and August this year, is yet to be accounted for by the Nigerian National Petroleum...

NNPC evades Senate probe of crude swap deals

For the second time, the Nigerian National Petroleum Corporation (NNPC) has failed to provide requested information on multi-billion-dollar crude oil swap deals entered between...

We got $10bn loans for local contractors – OPTS

The Chairman, Oil Producers Trade Section of the Lagos Chamber of Commerce and Industry, Mr. Mark Ward, has said that international oil companies operating...

FG appoints Shippers’ Council interim port regulator

More than seven years after the completion of port reform programme and coming on stream of private terminal operators, strong indications emerged that the...

NCDMB insists on 50% indigenous equipment ownership

The Nigerian Content Development Monitoring Board, NCDMB has insisted on 50 per cent equipment ownership for indigenous firms in the petroleum industry. The Board stated...

FG plans aggressive integration of more Nigerians into oil, gas sector

The Federal Government said at the weekend that plans are on the way for aggressive integration of more Nigerians into the country’s multi-billion dollar...

Addressing abuse of radioactive materials by oil firms

As Nigeria looks towards the use of nuclear technology, including generation of electricity from nuclear power plants, there is need to ensure nuclear safety...

NERC moves to clip GENCOs,’ DISCOs’ wings

To ensure that the 14 power generation and distribution companies do not derail, the National Electricity Regulatory Commission (NERC) will soon release the guidelines...

NEITI laments lingering infraction regime in oil sector

The lingering regime of corruption in the nation’s oil and gas sector may continue to worsen the well-being of Nigerians, on assessed compromise trailing...

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