Oil price has fallen by almost 78 per cent in the past few months, prompting calls for government to, this time, reduce the pump price of petrol to reflect the steep drop in international price of crude oil.

ON JANUARY 23 2009, the National Resistance Movement marked its 23rd anniversary since taking over power in 1986. The main celebrations were held at Kololo Airstrip. Below is the speech delivered by President Yoweri Museveni at the function.

THE four companies exploring for oil invested over $500m (about sh997.5b) by the end of last year. The companies include Tullow Oil, Heritage Oil and Gas, Neptune Petroleum and Dominion Oil Company.

The Minister of Petroleum Resources , Dr. Rilwan Lukman has stated that the restructuring of the oil and gas industry has become more urgent and important in view of the collapse of financial institutions worldwide. This, he pointed out, has

Hadija Kezaala, a single mother of seven, describes herself as a hard working and enterprising woman, who is ready to take on any challenge that comes her way.

The Minister of Petroleum Resources, Dr. Rilwan Lukman, yesterday stated that the restructuring of the oil and gas industry has become more urgent and important in view of the collapse of financial institutions worldwide.

SA's largest cement maker, Pretoria Portland Cement (PPC), said yesterday it had increased cement prices 15% this month as high energy costs in the first quarter continued to put pressure on operating margins and as volume sales declined.

Chairman, Nigeria Electricity Regulatory Commission (NERC), Dr. Ransom Owan, has said that electricity consumers in Nigeria would soon enjoy uninterrupted power supply with the new trading arrangement that will enable Independent Power Producers (IPPS) to supply electricity along side the

DURING my break from writing this column, there have been updates on three of the counters in the Private Investor portfolio -- Hudaco, Murray & Roberts (M&R), and Sasol.

UZOMA IDABOH, Special Adviser to the Governor of Delta State on Special Duties, is no longer new in the state's power circle as he was also part of the government of ex-Governor James Ibori.

The management of the Abuja Distribution Zone of the Power Holding Company of Nigeria (PHCN) has said the recent outage of electricity in the Federal Capital Territory (FCT) is as a result of equipment limitations in some substations within the

A Catholic priest was kidnapped by unidentified gunmen in the oil-rich Niger Delta region in southern Nigeria on Sunday.

Concerned by the socio-economic effect of the power problem in the country, the Nigerian military said it had constituted no fewer than 11 fact-finding teams to look at why the power sector had continued to defy Federal Government efforts toward

The increasing spate of kidnap of workers of Total Oil continued in Port Harcourt, Rivers State, as one Ngozi Ile, a worker with the oil giant was in the early hours of Sunday kidnapped by unknown gunmen.

Eight paramount chiefs in the northern region Saturday assured government of their support in protecting the Bumbuna hydro electric pylons.

A Catholic priest and the wife of an oil worker were on Sunday abducted in separate incidents by yet to be identified gunmen in Port-Harcourt, the Rivers State capital.

Seven days after the slash in the price of petrol from N70 to N65 per litre, a litre of the product is still sold for N80 in Damaturu in Yobe State. A survey conducted yesterday showed that six petrol stations

Long queues resurfaced at filling stations in the Federal Capital Territory (FCT), Abuja, on Monday as petroleum marketers shut their outlets because they would sell at N70 per litre instead of the latest price of N65 directed by the Federal

The tribunal constituted by the Nigerian Electricity Regulation Commission (NERC) was on Monday halted from further sitting on a petition brought by the Lagos State government against the Power Holding Company of Nigeria (PHCN) limited over a breach of Barge

The Department of Petroleum Resources, DPR, yesterday commenced the enforcement of the N65 per litre new price of the Premium Motor Spirit,PMS, a. k. a petrol with the sealing up of five filling stations in Abuja that failed to sell