The new electricity tariff regime will commence from today . Under the tariff regime called Multi Year Tariff Order (MYTO) the price of electricity will rise from N6 per kilo- watt to N11per kilowatt which represent about 95 percent increase.
Power Holding Company of Nigeria, Garki Business District, Abuja is on the brink of losing over N21 million to traders' unpaid bills in Garki Model Market, LEADERSHIP has authoritatively gathered.
The proposed Niger Delta Summit ran into yet an-other hitch at the weekend when over one hundred leaders of thought from the region told Vice President Goodluck Jonathan during a meeting on the issue that the choice of Professor Ibrahim
The government has said it will closely monitor the country's natural gas projects, which were contracted to a private investor, to make sure the majority benefits.
President of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr Babatunde Ogun, has urged the Federal Government to channel the subsidy on petroleum products to the building of a new refinery.
HWANGE Colliery Company recently signed an agreement to export 10 000 tonnes of coal fines a month to Konkola Copper Mines in Zambia, managing director Mr Fred Moyo told the annual general meeting.
POWER plant developer Independent Power Southern Africa (Ipsa) is pinning its hopes on higher tariffs under Eskom's pilot national co-generation programme.
MINERALS and Energy Minister Buyelwa Sonjica yesterday announced the reversal of the department's decision to add a 5,4c/l wholesale margin to the price of fuel, in effect reducing tonight's fuel price increases.
The Securities and Exchange Commission (SEC) has cleared the air surrounding the recent divestment of Zenon Oil Limited from African Petroleum Plc, disclosing that the action has nothing to do with flouting of corporate governance principles, but to ensure compliance
WITH things looking progressively worse on the economic front, the petroleum industry has been trying to squeeze whatever it can from the government - with limited success, of course.
Oil-producing communities in Ondo State have rejected the ruling of a Federal High Court sitting in Benin that ceded 260 of their oil wells to Delta State.
Residents of two sub-counties in Kasese district, who were displaced by the construction of Mubuku II hydro-power project, have been compensated, reports Bernard Masereka. .
The Ministry of Industrialization has expressed concern that the increment of power prices will deter a number of investors from investing in the country.
The cost of doing business in industrial and commercial centres in urban areas is set to rise after property managers announced that they would increase service charges.
THE Federal Government has received a draft recommendation of the review of the Oil and Gas Industry Committee (OGIC) report from the Implementation Committee and all appears set for it implementation.
The committee set up last week by the Federal Government to audit the report of the Special Investigative Committee that investigated allegation of irregularities in the award of oil blocks during the 2007 licensing round will submit its report on
The Niger Delta crisis has remained intractable because crude oil smugglers are the ones sponsoring militant activities in the region, Vice-President Dr. Goodluck Jonathan said in Abuja yesterday. Speaking at a meeting of the Honorary International Investors Council at the
The Depot and Petroleum Products Marketers Association[DAPPMA],has said that it currently import about 70 per cent of Automotive Gas Oil (AGO) otherwise known as diesel and 10 per cent of Premium Motor Spirit (PMS) requirements for the country.
PETROLEUM and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), accused the federal government of encouraging sharp practices and other unethical activities by operators in the nation's downstream sector of the petroleum industry.
