French energy group Total has shut down a gas plant in southern Nigeria because of a technical fault during a drilling operation at an oil facility, the company said on its website. “On April 3rd, Total E&P Nigeria Limited (TEPNG) was alerted...
A renowned environmentalist, Mr Nnimo Bassey, has called on the Federal Government to impose stiffer penalties on oil firms that pollute the environment in the Niger Delta area. Bassey said in an interview with the News Agency of Nigeria (NAN) in Eket,...
Mines and Steel Development Minister Mohammed Sada says the quality of Maiganga coal deposit in Akko Local Government Area of Gombe State is good for power generation Sada told newsmen on Friday that ``the quality has been already proven to be good en...
Burdened by myriads of challenges in the manufacturing sector, a delegation of the Ikeja and Apapa chapters of the Manufacturers Association of Nigeria (MAN) yesterday visited the state governor Babatunde Fashola SAN to seek greater support to manufact...
About 14 ships laden with petroleum products are waiting to berth at Apapa and Tin-Can Island ports in Lagos at the weekend. This was contained in the "Shipping Position", a document of the NPA, released in Lagos on Friday. It indicated that ...
Power generation in the country has dropped below 2,000 megawatts due to system collapse at Egbin Power Station. An official of the Ministry of Power, who pleaded anonymity, told our correspondent on Friday in Lagos that power supply had worsened in ma...
An increase in electricity tariff is imminent as the federal government has said it cannot privatise the Power Holding Company of Nigeria (PHCN) unless the Cost Reflective Tariff (CTF) for electricity is fixed. Minister of Finance and Coordinating Mini...
The Senate Committee on Aviation has invited the Ministers of Aviation, Stella Oduah-Ogiemwonyi, and her Foreign Affairs counterpart, Mr Gbenga Ashiru, to explain the prevalence of violation of aviation laws by foreign airlines as well as the lapses in...
The Federal Government of Nigeria has explained why the country should continue to partner with investors from the United States in the area of agriculture. In his keynote address at the on-going Nigerian Investors Forum on Agriculture in Washington DC...
Accusations by foreign airlines that fares from Nigeria are higher than other countries with the same equidistant because of high taxes has been debunked by the Nigerian Civil Aviation Authority (NCAA), saying some of the taxes in Britain are even high...
The management of Olokola Free Trade Zone (OKFTZ) Enterprise has said the investment would attract N30 billion dollars (N4.73 trillion) in the next three years. Mr. Luk Haelterman, Managing Director, OKFTZ, who disclosed this to newsmen in Lagos, said ...
Transactions on the floor of the Nigerian Stock Exchange yesterday re-opened on a downward slope after the two-day public holidays to commemorate Easter celebration, as investors leveraged on the upward movement of stocks last week to take profit. At t...
There are strong indications that the Lagos State Government may have barred the mass transit buses that came from the Subsidy Reinvestment Empowerment Programme (SURE) of the federal government from plying parts of Lagos roads. The mass transit...
The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria may not be of much help to fill the gap in the global oil market created by the impending sanction on Iranian oil by the United States of America and Europe. According to NN...
The founder of Visafone Communication Limited, Jim Ovia, has said that Nigerians will be expending wireless broadband services worth N600 billion come 2015 even as he said aggressive internet penetration was the future of the country for economy growth...