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Africa's economic growth and poverty reduction are closely linked with the quality of its infrastructure – its power, transport systems, water supply and sanitation, and its ICT networks. In the current economic climate, finding the financial resources for Africa's huge infrastructure needs is an enormous challenge.
A scathing new report issued by the London-based environment and governance watchdog Platform has put government and oil companies under fire. Revealing for the first time one of the production sharing agreements (PSAs) between Heritage and the government, Platform's analysis reveals that, contrary to oil company and government executives' claims that the state would get up to 80% of oil revenues, ...
Business and official activities in the last few weeks have been brought to a halt in several parts of Nigeria, as accusations continue to trail the acute scarcity of fuel that has refused to abate.
One of the things that has caused Nigerians some concern in recent times is the phenomenon of low supply of electricity, and I thought that the measures we have taken in recent times would have put things right. I think there is sabotage. I am not saying I am sure.
A hijacked Nigerian oil tanker that was intercepted by the Ghanaian navy is being returned to Nigeria. A BBC correspondent in Ghana said the ship was hijacked off the Nigerian coast near Lagos last week and captured by the Ghanaian navy after a chase.
EGOS are out; teams are in. Just as Reserve Bank governor Gill Marcus has been sharing the platform with her team when she does presentations, so Eskom's acting chairman, Mpho Makwana, had his team beside him yesterday, asking them to field questions as he presented Eskom's revised tariff application.
ESKOM's cash crisis has forced it to consider selling a 30% stake in its R142bn Kusile power station -- which could secure it up to R40bn in private equity.
If sealed, the Heritage Oil and Eni SPA deal will earn the government between Shs700 billion and Shs1.3 trillion in tax making it the first such oil cash gain since the resource was discovered here.
Eskom's revised tariff application has been widely appreciated amid concerns about the effects on the ordinary consumer.
President Umaru Yar'Adua has said that the Petroleum Industry Bill (PIB) will restore the confidence of investors in the nation"s oil and gas industry.
The N4.07 trillion 2010 Federal budget laid before the National Assembly last week has been read a second time in the Senate with completion of debate on general principles of the bill by senators.
Security operatives from the State Security Services (SSS), Economic and the Financial Crimes Commission (EFCC) and the National Intelligence Agency (NIA) yesterday called on the Power Holding Company of Nigeria (PHCN) to stop rationing electricity at Federal Housing Authority (FHA) Phase 1 Karu because of the presence of the three security agencies in the area.
The National Assembly will spend about N9.4 billion next year on various foreign trips lawmakers, officials of the management and the National Assembly Service Commission, the 2010 budget has shown.
The fuel situation in most filling stations in Abuja worsened yesterday, leaving commuters stranded in bus stops in the morning as a result of high transport fares.
Nigerian engineers have been recognised as having a central role to play in achieving a balanced economic development for Nigerian in the provision of basic infrastructure, roads, housing, water, electricity so as to ensure huge success of this administration.
The Nembe community in Bayelsa State and Shell Petroleum Development Company of Nigeria Limited (SPDC) have jointly commissioned 12 different development projects executed by the community under the Global Memorandum of Understanding (GMoU) initiative.
Total Gambia Limited, a subsidiary of Total France, last Wednesday presented rams to ten lucky winners at a presentation ceremony held at its Kololi station along Senegambia.
The Nigeria Labour Congress (NLC), yesterday said the current fuel scarcity across the country which has resulted in long queues in petrol stations has justified its position against plans to deregulate the downstream sector of the petroleum industry.
Motorists in and around Abuja have accused the President Umaru Musa Yar'Adua-led government of being incapable of solving the problem of fuel scarcity in the country.
PICKING holes in the governance of electricity supply, and energy policy more generally, is like shooting fish in a barrel. Whether it is the development and sequencing of key policy documents, the absence of proper stakeholder consultation, leadership failure, or the lack of clarity about intragovernmental roles and responsibilities, there are more hooks on which to hang a public debate than in a ...
The United Nations Environment Programme (UNEP), has launched an assessment of the impact of contamination from oil across the Ogoni region of the Niger Delta in Nigeria, which has been plagued by unrest and ecological damage.
The West African Gas Pipeline Project was conceptualised to serve the socio-economic needs of the participating countries. Leadership writes on the constraints and gains which the project holds for West Africa.
Fresh facts have emerged yesterday over the reason behind the strike action by Petroleum Tanker Drivers and the National Union of Petroleum and Natural Gas Workers, which led to acute scarcity of petroleum products in some cities of the country, especially Abuja.
There is likely to be an increase in power cuts over the next three days with Zesa Holdings yesterday revealing they had lost supplies from the Mozambique electricity grid due to a technical fault on that country's network.
The NNPC said on Monday in Abuja that it was not responsible for the "artificial" fuel queues in Lagos and Abuja. The corporation's spokesman, Dr Levi Ajuonuma, said in a statement that the long queues at the petrol stations since the weekend had nothing to do with the unavailability of the product at the depots.
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