Senate Will Revisit Bauchi Oil Exploration - Sen. Bala

The Bauchi oil exploration that was suspended for about four years during the Obasanjo administration for political reasons will soon be revisited by members of the Senate. The senator representing Bauchi South senatorial district, Senator Bala Abdulkadir Muhammad made the revelation during the sensitisation campaign of the All Nigeria Peoples Party (ANPP) in Kirfi local government area of the state

Nigeria: The Desert is Fast Encroaching But Why?

Experts agree that an estimated 35 percent of land that was cultivatable 50 years ago is now desert in 11 of Nigeria's northern states, but what they are not so sure about is why

Obj Waived Due Process for Power Contracts - Okonjo-Iweala

FORMER Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday told the House of Representatives Committee probing the alleged spending of about $16 billion on the power sector in 10 years without commensurate result that former President Olusegun Obasanjo approved Due Process waiver for the controversial National Integrated Power Plants (NIPP) to fast track payments to contractors

$16b Power Probe - Serap Sues FG

The Socio-Economic Rights and Accountability Project (SERAP), a non governmental organisation, has dragged the Federal Government to court over its inability to tackle incessant electricity failure in the country

Nigeria: Central Banker to Quit Soon

Central Bank of Nigeria (CBN) governor Prof. Charles Chukwuma Soludo's long, eventful and sometimes controversial tenure at the apex bank will come to an end in the next few months, according to Soludo himself, who spoke in Abeokuta on Tuesday night

Nigeria: Corruption War Faces Setback -TI

The global anti-corruption watchdog, the Transparency International has said that Nigeria's anti-corruption war is on the backward trend

Planned Oil Strike Gains Support

The nation may be up for another hard time beginning from tomorrow as the Nigeria Labour Congress (NLC) yesterday declared its support for the planed nationwide strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over an alleged plan by Mobil Oil Nigeria (MON) Plc to sack its members including the national treasurer of the union and all the branch executive officers

DPR Fixes April 30 as Deadline for Renewal of Registration

The Department of Petroleum Resources (DPR) has said that submission of applications for renewal of registrations by companies will close on April 30, this year

Before Crude Oil Prices Come Tumbling Down

THE week just ended has seen crude oil prices hit an all-time high of $110 per barrel and there are indications that prices may even rise further. However, some experts say such high prices are just not sustainable in the long-run

More Power Spending Details Emerge

FORMER Head of State, Gen. Abdulsalami Abubakar was yesterday named as the chairman of Energo Nigeria Limited, an unregistered firm which securred a N19 billion contract in the power sector during the administration of former president, Chief Olusegun Obasanjo