The Nigerian National Petroleum Corporation (NNPC) yesterday explai-ned that the reduction of the pump price of fuel did not amount to deregulation.

Following the kidnap of Reverend Father Pius Kii by unknown gunmen on Sunday, Catholic Bishops yesterday in Port Harcourt, vowed not to pay any ransom, describing the kidnap as sacrilegious.

The Power Holding Company of Nigeria (PHCN) has reiterated its commitment to the Presidential mandate to double electricity generation to about 6,000 megawatts (mw) by December.

Ekiti State Governor, Mr. Segun, Oni yesterday declared that work had resumed on the 132 KVA power sub-station, which is meant to improve the epileptic power situation in the state. Oni stated this at the commissioning of a fast food

The oil firms operating in the country are the least environment polluting factor, said Wednesday in Luanda the Angolan deputy minister of Environment, Syanga Abílio.

Marketers in Taraba State yesterday defied the Federal Government's order to effect the new pump price of petrol, as they ordered their members to lock up their stations.

The attainment of Federal Government's aspiration to hit electricity generation capacity of 6,000 megawatts by December 2009 will depend on the availability of gas and funding, Chief Executive Officer of Power Holding Company of Nigeria (PHCN), Bello A. Suleiman, has

IF YOU hold shares in Sasol, or are considering investing in the shares, you would almost certainly have read yesterday's report by colleague Siseko Njobeni. The nub of the story was the revised forecast by Citigroup that it had cut

Niger Delta Development Commission, NDDC, has donated 50 electric transformers to Bayelsa State Government as part of its efforts to boost power supply to the Niger Delta region.

The Department of Petroleum Resources (DPR) in Rivers State has rejected pleas by the Independent Petroleum Marketers Association of Nigeria (IPMAN) Eastern Zone to revert to the N65 pump price per liter in seven days.

Towards achieving effective service delivery, the Niger Delta Development Commission (NDDC) and Transparency in Nigeria, have sealed a pact on integrity and transparency.

UGANDA Revenue Authority (URA) has registered a shortfall of sh108.07b in its tax collections for the first half of financial year 2008/2009. This is partly by the impact of the global financial crisis.

Angolan minister of Environment, Fátima Jardim, said Wednesday in Luanda that she fully supports the production of new and renewable sources of energy like biofuels that generate alternative incomes to the country's economy.

THE turmoil in global financial markets has slowed down the participation of international lenders in energy projects in Africa, a South African legal expert said yesterday.

THE owners of 40 low-cost houses at Keetmanshoop's Tseiblaagte residential area that are not connected to the town's electricity grid staged a protest march yesterday.

The Department of Petroleum Resources (DPR) said on yesterday in Lagos that it would deal decisively with any filling station selling petrol above the official price of N65 per litre.

Nigerian based oil and gas firm- Danba GTL and BW offshore Company have signed an agreement to build a $1.5 billion Floating Liquefied Natural Gas (FLNG) in the country's deepwater.

Prices of fuel sold at black markets in Abuja yesterday rose astronomically as the marketers capitalised on the long queues at major filling station to exploit motorists.

The House of Representatives may today pass this year's budget of N3.087trillion even as it increased Federal Government earnings from oil by N176billion with about N70 billion of the projected increase to be remitted into the federation account. The debate

Questions abounded yesterday after criminal charges were lifted against Yagnesh Devani, the fugitive owner of Triton Petroleum Limited.