On the eve of the climate change summit in Copenhagen this December, momentum for action still falls far short of that needed to avert catastrophe. Africa will suffer consequences out of all proportion to its contribution to global warming, which is primarily caused by greenhouse gas emissions from wealthy countries.
So says the Nigerian National Petroleum Corporation and the Pipeline and Products Marketing Company, a subsidiary wholly owned by NNPC that is responsible for the marketing and distribution of petroleum products on behalf of the corporation.
ESKOM's board has asked CE Jacob Maroga to resign after a troubled tenure marked by power shortages, coal-procurement problems and big tariff hikes.
It has become so predictable, this thing we call 'power rationing'. We in Tanzania had it in 2006, 2007 and 2008. It is here in 2009. If the yearly trend continues then we shall surely experience it in 2010.
LAST week's announcement of an upward adjustment in fuel prices by the Energy Regulation Board (ERB) and the later withdrawal seems to have created confusion and uncertainty in the industry.
With seven weeks left in the Federal Government's promised 6,000megawatts power generation target by year's end, the country currently generates 2,900mw of power even though all the $5.09 billion [about N762.93 billion] special intervention funds for the sector this year have been spent. This much became clear yesterday from the speech by Minister of Power Mr. Remi Babalola at his Ministerial ...
The current situation where there is "induced scarcity" inspite of the availability of enough fuel at filling stations, has justified the campaign for deregulation of the downstream oil sector, the Federal Govern-ment has said.
Movement for the Emancipation of the Niger Delta (MEND), is threatening to call off ceasefire with the government if foreign oil companies do not leave the area.
There are regrettable flaws in recent government moves to deregulate the downstream oil sector. The cost to the nation is equally regrettable. When on October 10, Mr. Aminu Babakusa, the Group Executive Director, Commercial and Investment of Nigerian National Petroleum Corporation (NNPC), announced November 1, 2009 as the date for commencement of the full deregulation of the sector, he could only ...
Since the advent of oil boom in Nigeria, governments have been lax in collecting taxes from citizens, corporate bodies and organisations to fund their programmes.
Top government officials in charge of the oil industry refused yesterday to say when the full deregulation policy of the downstream oil sector will take place, saying they were still in consultations to try to build a national consensus around the policy.
In what appears to be a volte face, the federal government has declared that it is yet to decide on a date for the take-off of the deregulation of the downstream sector of the oil and gas industry.
The Minister of State for Petroleum Resources, Odein Ajumogobia yesterday said the federal government would utilise funds accruing from the removal of the subsidy on petroleum products to provide good roads, drinkable water, build modern railways, improve healthcare delivery services and improve the funding for education.
The Manufacturers Association of Nigeria has raised an alarm over the possible termination of industrial operations in about 150 manufacturing companies in Lagos as a major gas supplier, Gaslink Nigeria Limited, yesterday began implementing its threat to cut supply to manufacturing concerns.
Chairman of Pan Ocean Oil Corporation,Chief Festus Fadeyi, says the project, the largest Clean Development Mechanism (CDM) project in Africa, will provide 135 million standard cubic feet per day for electricity, when it is full capacity.
