Nigeria National Fitters Association (NNFA), has called on government to arrest the alarming rate of influx of expatriate fitters into the Nigerian economy, especially in the Petroleum industry, lamenting that the influx is not only rendering members and others jobless,

Arco Marine, a subsidiary of Arco Petrochemical Engineering Limited, has signed a $41 million (N4.8 billion) marine logistics contract with Total E&P Limited.

Independent Marketers of petroleum products under the umbrella union of IPMAN, Aba branch, has rejected the levy of N30,000 imposed on each petrol station in Abia State by the State's Ministry of Petroleum resources.

The Organisation of Petro-leum Exporting Countries (OPEC) said it is worried by the worsening world economy and the falling crude oil price, which had wiped approximately $700 billion from its members.

THE seizure this week of a Saudi oil tanker by Somali pirates should serve as a wake-up call to the Somali crisis that has been neglected by the world for close to two decades.

SASOL's plans to build a new coal-to-liquids plant in Limpopo, with a production capacity of 80000 barrels per day, are continuing.

MOTORISTS yesterday accused dealers of hoarding petroleum products to keep the price high.

Hopes that the falling crude oil prices would lead to cheaper petroleum products in Nigeria have been dashed by the Federal Government.

Investors got another opportunity for peer comparison last week, when directors of African Petroleum Plc submitted third quarter un-audited performance score-card to investors through the Nigerian Stock Exchange. The result is coming some weeks after the release of the result

After years of relying on paraffin stoves and candles for light, residents of Kosovo in Philippi are celebrating their new electricity connections, especially ahead of Cape Town's notorious fire season.

Out of the Nigerian oil and gas risks exposure amounting to $101.14 billion (about N11 trillion), about 33 per cent amounting to $33 billion is being retained by the indigenous insurance companies, says Managing Director, NNPC, Abubakar Yar'Adua. This figure

The Nigerian Nuclear Regulatory Authority (NNRA) and the United State Embassy in Abuja are collaborating to search for nuclear and radioactive substances scattered in the country. US Ambassador to Nigeria, Robin Renee Sanders yesterday donated nuclear radiation detection equipment to

Senator Kaka Malam Yale (ANPP-Borno) has said that the creation of a Ministry of Niger Delta by President Umaru Yar'adua would bring peace in the region.

LOAD-SHEDDING will be increased after Zesco switches off power on one of its two lines at the Kariba North Bank power station to facilitate repair works on its 330 kilovolts line.

President, Institute of Public Analysts of Nigeria (IPAN), Mr Ganiyu Sanni, has described Nigeria as divinely favoured with abundant deposit of crude oil and gas, which account for over 90 per cent of her total export revenue and not less

The Excess Crude Account is now $20 billion, Chairman of the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC), Dr. Hamman Tukur said yesterday.

LEDUM MITEE, President of the Movement for the Survival of Ogoni People (MOSOP), was one of those arraigned in the murder case that culminated in the hanging of the Ogoni Nine, including Ken Saro-Wiwa. Unlike others tried, condemned and hanged

Senate on Tuesday passed into law the Hydro-Electric Power Producing Areas Development Commission (HYPPADEC) Bill, which seeks to protect host communities.

For the second consecutive month, the national inflation rate has decreased, pulled down mainly by declining fuel prices.

Year-end issues has created stalemate for Nigerian crude Free On Board (FOB) market as more than 20 crude cargoes (about 950,000 barrels) still remained unsold from Nigeria's December loading programme as a result of lack of demand, a trader said.