Federal Government yesterday brought before a Federal High court sitting in Abuja a motion for a stay of execution stating reasons why it has not complied with the judgment delivered by the former Chief Judge of the court, Justice Abdullahi

China is preparing to close a $4.4 billion deal which covers a range of projects in oil and mineral sectors.

TAZAMA Pipelines yesterday sent more than half of Zambia's daily consumption of petrol to Lusaka to ease the fuel crisis triggered by a fault at Indeni Oil Refinery, Chief Government Spokesperson Ronnie Shikapwasha said.

Former Head of State, Ernest Shonekan, is not known for criticising the Federal Government in public. He, however, sang a different lullaby penultimate week when he declared that the government had in the last 10 years wasted over $10 billion

Nigeria and other members of the Organisation of the Petroleum Exporting Countries (OPEC) exported crude oil, which averaged 28.83 million barrels per day (b/d), totalling 864.9 million barrels in September.

Delta State Ijaw Oil and Gas Producing Communities' Executives Forum has commended militant leader, Chief Government Ekpemupolo, a.k.a Tompolo, and other leaders in the region for keying into the amnesty agenda of President Yar Adua, saying their struggle was for

The Federal Government is set to reduce the Nigeria Ports Authority, jetty charge by 50 per cent, preparatory to the deregulation of the downstream sector of the oil industry.

The co-ordinator, Uduaghan Vision, Mr. Jude Onya, has said the amnesty offer and acceptance held the prospects of guaranteeing peace in the Niger Delta and Delta State in particular.

The Senator representing Owerri zone in the National Assembly, Senator Chris Anyanwu, has expressed worry that business concerns in her constituency were folding up, following what she termed "dismal public power supply by Power Holding Company of Nigeria (PHCN)".

Africa is emerging as a leading oil exploration frontier with prospecting companies repositioning themselves as the global economy recovers from financial crisis.

The Executive Director and Chief Executive Officer (CEO) of Nigerian Export Promotion Council (NEPC), Mr. David Adulugba, yesterday in Abuja said Nigeria realized a total sum of USD900 million from its non oil export sectors in the first nine months

The planned stable power supply through generation of 6,000 megawatts of electricity by December 2009 may become a mirage unless the Federal Government addresses the evacuation and transmission problems of power generated by the Independent Power Plants across the country.

The Federal Government yesterday declared that it will no longer be business as usual for oil companies operating in the Niger- Delta region that do not leave up to their corporate responsibility of ensuring environmental and social development in that

The Nigeria Labour Congress (NLC) has said it remains opposed to the Federal Government's decision to deregulate the downstream sector of the oil industry due to the danger it poses to Nigeria's economy.

Federal Government has been urged to give priority attention to the real estate sector, revamp the power supply and rid the country of corruption for meaningful economic progress.

Power rationing is here with us again, having been introduced by Tanesco a couple of weeks ago. We have had it before. The troubles it causes to our lives and industry are a litany.

THE Government has set aside sh3b to open a petroleum college in Kigumba this year. The college will be established at the Uganda Cooperative College campus, which will also benefit from the funds, according to the State Minister for Higher

Electricity consumers appear headed for tough times ahead, with Tanzania Electric Supply Company (Tanesco) indicating that only torrential rains could save the country from a prolonged power crisis.

Beco Petroleum Products Plc has predicted a dividend of N1.02 billion to be paid to its shareholders in its 2010 financial year, representing a dividend per share of N0.54 per share.

The federal government's renewed efforts to increase the use of Liquefied Petroleum Gas (LPG) popularly called cooking gas will be further deepened as gas stakeholders gather in Abuja from tomorrow to chart ways of making Nigeria Africa's LPG hub. This