Minister of State for Petroleum Resources, Mr. Odein Ajumogobia, yesterday directed filling stations to disregard alleged directives from the Nigerian National Petroleum Corporation (NNPC) that they sell a maximum of N2,000 and N1,000 worth of fuel to both private and commercial vehicles respectively.
Despite claiming ignorance of the near air disaster of last Sunday, the Nigeria Airspace Management Agency (NAMA) has launched an investigation into what led to the temporary breakdown of the radar at the Murtala Muhammed International Airport, Lagos (MMIA). Many aircraft were delayed in the airspace for hours, fuelling the fear of collision.
Former President of the Nigerian Stock Exchange, (NSE), Mr. Oba Otudeko, has been elected Chairman of First Bank of Nigeria Plc (FBN) by the Board of Directors of the bank.
An indigenous Exploration and Production company, Allied Energy Plc. and Eni, through its affiliate Nigerian Agip Exploration, have commenced production from the Oyo oil field, with first oil expected to hit 25,000 barrels per day.
The Federal Government of Nigeria has reiterated its readiness to partner with both international and local investors for the sustainable growth of the mining sector.
The House of Representatives has rejected the 2010 budget proposal of the Ministry of Science and Technology for not meeting standards that would enhance Nigeria 's technology development.
An FCT high court sitting in Kubwa has barred the Garki Model Market Association from parading itself as representatives of the traders and shop owners at Garki Model Market, Abuja.
Contrary to a report in a national daily, the Nigeria Independent Petroleum Company has assured that it's Compressed Natural Gas Plant in Benin was not under threat from any bureaucracy at the federal level and the plant would come on stream by the first quarter of 2010.
The Federal government desires to explore nuclear energy and to generate electricity to complement its power demands,Vice President, Dr. Goodluck Jonathan, has said.
To say that the Petroleum Industry Bill 2009, which is currently before the National Assembly is lengthy is an understatement.
A lot of criticism has trailed the mode of staff recruitment, transfer and administration of the staff of Adamawa State Polytechnic in the last few months.
IT was an exciting moment for the students and staff of Redeemer's University, Mowe Ogun state last week when students and Television experts converged at the institution to brainstorm on radio transmission.
Director National Center for Energy and Environment (NCEE), Energy Commission for Nigeria , Dr Lawrence Ezemonye, has complained over the delay in putting in place laws that would protect all energy programmes in the country.
NIGERIAN Association of Auctioneers ended its 15th Annual General Meeting (AGM) in Yenagoa, Bayelsa state capital with a resolution to dissolve its Board of Trustees, and elect six new officers from each of the six geopolitical zones of the country.
The last is yet to be heard of the planned deregulation of the downstream oil sector as fuel scarcity bites harder in the country.
Indications emerged yesterday that the fuel scarcity witnessed in most parts of Lagos and environs since Monday may have been caused by a pipeline vandalism incident at Arepo Village in Ogun State which halted distribution of petroleum products in Lagos area.
A change of baton has taken place in First Bank of Nigeria Plc, as the former president of the Nigeria Stock Exchange, an erstwhile non-executive director of UBA Dr. Oba Otudeko was elected yesterday by the Bank's Board of Directors to take over from Alhaji Umaru Mutallab as chairman.
Eterna Oil and Gas Plc has said that its multi-million naira Lube Blending Plant produced 402,702 litres of lubricant in September this year.The figure, according to the company's Managing Director, Ibrahim Boyi,contrast with the 350,000 litres peak performance of the plant in 2007.
Globacom has introduced a new phone chat service named 'Frenszo Voice Chat', designed as an exclusive social networking service for Glo subscribers. The service enables registered subscribers to find and make friends on the chat service based on defined profiles.
African Petroleum Plc has said that it would veer into upstream activities by next year as part of the need to revitalize and reposition the operations of the petroleum marketing company.
Oil rose above $70 a barrel on Tuesday, snapping a nine-day losing streak, as traders bet that government data would show U.S. crude stocks fell last week, and colder-than-normal U.S. weather could boost demand for heating oil.
Kia Motors Corporation has announced its global sales figures for passenger cars (export sales, domestic sales, and sales from overseas plants), recreational vehicles (RVs) and commercial vehicles for November 2009, recording a total of 152,826 units sold. This figure represents a year-on-year increase of 53.2%.
The Consumer Protection Council (CPC) has commenced a pro-consumer initiative aimed at driving unprecedented and positive changes within the ICT sector in the country.
Any lingering hopes that the Federal Government's solemn promise to generate 6,000 megawatts of electricity would be fulfilled in the next two weeks ended yesterday with the President's Chief Economic Adviser declaring that the target is not attainable by year's end.
The Director General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Muhammad Nadada Umar, has called on micro finance banks in the country to charge friendly interest rates on loans granted to small businesses.
