Workers in the nation's hotel and catering services sector has lamented increasing danger posed by militancy in the oil rich Niger Delta region, to the development and investment in the hospitality industry.

The Federal Government is considering increases in taxes as an option to fund the shortfalls from oil revenue in the 2009 budget.

NIGERIA will help Uganda start a petroleum institute through which to build capacity to extract petroleum, President Yoweri Museveni has said.

THE falling oil world prices, currently at $54 a barrel, is causing concern about the exploitation of our oil reserves in western Uganda.

Oil vessel MT AKUADA intercepted last Friday by Naval Task Force at the Escravos Bar was actually granted permission to sail into and out of Nigeria waterways, empty for repairs only for it to later engage in illegal oil bunkering

Consequent upon its transparent performance and experience in the non-oil export, Messrs Cobalt International Services Limited, a pre-shipment inspection agent, has been appointed by the Federal Government to inspect crude oil in addition to the inspection of non-oil exports from

Angola has natural conditions and potential to stand as a bio-fuels producer in a sustainable way, said Thursday in São Paulo, Brazil, the Angolan Oil minister, José Maria Botelho de Vasconcelos, while addressing the opening session of International Conference on

Representatives of social movements are pressing for changes the in methods and models of agro-fuel production and demonstrating against the boost of regional monocultures, as they restrict the development of the local populations and promote conditions of food dependence.

Prices of crude oil, Nigeria's major revenue earner, yesterday dropped below earlier predictions as the prices of Brent and light crude went for $49.25 and $50.33 per barrel respectively at the futures market.

Northern Speakers Forum yesterday called on the Federal Government to as a matter of urgency, execute the Mambila Hydro Electric Power Project in Taraba State.

IT SHOULD be clear to many now that despite assurances SA has been reasonably cushioned from the global credit crisis, the country is certainly not immune.

THE demand for fuel energy in the mining sector is likely to go up significantly again, a scenario that has made experts and analysts to call on planners to review the current supply scenario of not only fuel products but

Benue State Governor, Gabriel Suswam, said yesterday in Makurdi that for the nation to attract foreign investors as being canvassed for by the government, the chaotic power situation must be improved upon so as to pave way for effective investment

Adams Oshiomhole should be getting well ensconced at the Government House in Benin City now, having won an historic victory over Professor Osunbor as the bona fide person to govern Edo State for the next 4 years. Much has been

Early this year, the electricity supply crisis in Nigeria did not only continue but actually got worse, to the extent that the Power Holding Company of Nigeria (PHCN) had to announce there would be disruption of power supply as a

Women in Ogunabali community of Port Harcourt, yesterday, besieged the headquarters of the Nigeria National Liquified Gas (NNLG), disrupting activities over what they described as gross refusal of the gas firm to recognise its host community in the areas of

House of Representatives Committee on Gas Resources yesterday summoned Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Engineer Abubakar Yar' Adua, to brief the Comittee on implementation of the 2008 Budget.

The Nigerian National Petroleum Corporation (NNPC) is soon to become a limited liability company going by the plans of the National Oil and Gas Sector Reform Implementation Committee (OGIC) which has recommended it to government as part of effort to

The Federal Government yesterday said Nigerians should blame the ongoing regulation of the down stream sector of the petroleum industry for their inability to enjoy the current fall in the prices of products.

The House of Representatives yesterday summoned the Minister of Energy (Petroleum) Mr. Odein Ajumogobia and the Group Managing Director of the Nigerian National petroleum Corporation, (NNPC) Alhaji Abubakar Yar'adua over the contract for the construction of Excravos-Lagos pipeline expansion and