The creation of the new Niger Delta ministry is, undeniably, a giant step in the right direction, and this column must commend President Yar' Adua for taking this bold step.

Global stock markets held onto New Year optimism yesterday even as the euro suffered fresh losses amid signs of Europe's deepening recession and a looming energy standoff with Russia drove up oil prices.

Socio-Economic Rights and Accountability Project (SERAP), a civil society group, the has criticised the plan by the Presidency, Federal Government ministries, departments and agencies (MDAs) as well as the National Assembly to spend over N2b to the provision of electricity

Many believe that the Asians were only interested in the oil blocs, and having acquired them, that the linked promises were hollow. They were seen as both difficult customers and insincere partners.

The Senate will not review down the $45 per barrel benchmark it set for the funding of the 2009 budget, Senator Iyiola Omisore, chairman of the Senate Committee on Appropriation has said.

The House of Representatives Monday suspended its plenary to concentrate and pass the 2009 Appropriation Bill before January 22, 2009.The Speaker, Dimeji Bankole asked various committees of the House to use the period to meet heads of Ministries, Departments and

The Ministry of Infrastructure plans to introduce a National Energy Development Agency and a National Transport Development Agency this year to coordinate both sectors and promote dialogue between the private and public sectors.

The Petroleum Product Pricing Regulatory Agency (PPPRA) yesterday said it was yet to receive the N139 billion meant to settle accumulated petroleum subsidy for last year.

The Socio-Economic Rights and Accountability Project (SERAP), yesterday faulted Federal government's plan to spend over N2billion to buy, maintain and fuel power generators this year, adding that the plan portrays the government as insensitive, unserious and unwilling to tackle the

A civil society group, the Socio-Economic Rights and Accountability Project (SERAP) has criticised the plan by the Federal Government to spend over N2b to buy, maintain and fuel power generators in 2009

TRADE Union Congress of Nigeria (TUC), has warned that Nigerians are not prepared to go through another excruciating economic hardship in 2009, as experienced in 2008 and called on the Yar'Adua led-government to wake up from slumber and initiate practical

THE estimated consumption of electricity in November fell 5,7% or 1122 gigawatt hours (GWh ) compared with the corresponding period in 2007, according to Statistics SA figures.

The deadline set for oil companies, by the federal government, to end gas-flaring has once again expired. Representatives of the major oil companies operating in Nigeria collectively reached an agreement with the government in August 2000 that the required phase-out

Following the crash in the price of crude oil in the international market and public expectations that the condition should translate to a downward review in the price of refined petroleum products, the Federal Government has commenced negotiations with petroleum

TULLOW oil has dropped a proposal to locate a mini oil refinery inside Kabwoya wildlife reserve following concerns from environmentalists.

Dear President Koroma,

Chairman, Nigeria Insurers Association (NIA), Mr. Wole Oshin, has expressed doubt over the ability of the insurance industry to handle 70 per cent of the market in the oil and gas sector of the nation's economy.

Capetonians can count themselves just a little bit luckier than their counterparts in inland provinces, who will be paying slightly more for petrol.

Minister of energy and power recently said at the Crans Montana forum Manama in Bahrain that President Ernest Koroma instituted the open government initiative in order to sensitize the citizens about government polices.

As part of efforts to reduce over-dependence on gas for power generation in the country, the Federal Government will soon commence work on a 600megawatts capacity Hydro Electric Power Project in Zungeru, Niger State .