In accordance with the laws of the Federal Republic of Nigeria, the Federal Government yesterday established a separate account called the Gas Revenue Account for the federation which shall be distinct from Crude Oil Revenue Account, and into which proceeds

Tragedy has again struck in Girei, a satellite town along Yola Mubi Road when a truck loaded with vessels of petroleum products ran into a tailoring shop by the road side during which nine innocent persons were burnt to death.

The recent discovery of oil in Niger Republic, climaxed by foundation laying ceremony of the first proposed refinery in Walelewa village in Zinder State last month, is changing the political dynamics in one of the poorest countries in the world.

Substantial part of the risks emanating from the Nigerian oil and gas industry are still being underwritten by foreign insurance companies, Minister of Finance, Shamsuddeen Usman has lamented.

Nigerian Liquefied Natural Gas (NLNG) has been accused by NIPCO Plc of sabotaging its efforts to recoup its N7 billion investment in the sector.

The Joint Military Task Force (JTF) on Thursday issued a warning to militants and their cohorts in the Niger Delta region, saying that it would respond with equal measure to any attack on any of its locations.

The seemingly intractable dilemma in the Niger Delta region has been blamed on the oil company's tendency to give handouts to the people of the area, according to Governor Ikedi Ohakim of Imo State.

The Chinese company that designed Nigeria's communications satellite, NigComsat-1, has admitted that it veered off orbit as a result of power failure.