The Acting Director General of the Bureau of Public Enterprises (BPE), Mr. Vincent Akpotaire, has explained why the thermal power plants failed to generate the expected megawatts. He said the non-availability of gas supply to the 10 plants under the...

Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume next year with additional 2 million metric tonne (mt) of crude oil import from Nigeria in 2017. The Nigerian crude oil term contracts involve the export...

The Federal Government, through the National Economic Recovery Growth Plan, is targeting a growth rate of seven per cent between 2017 and 2020. The Minister of Budget and National Planning, Senator Udo Udoma, disclosed this at a meeting with select...

The Nigeria Union of Petroleum and Natural Gas Workers has issued a notice of a three-day warning strike in January over the divestment of multinationals from the country and non-payment of terminal benefits to workers. The union, in a statement...

Nine of the nation’s 26 power plants did not generate any megawatts of electricity on Wednesday, coupled with significant reduction in the generation from two of the hydropower plants and several others. The Shiroro Power Station in Niger State and...

The ECOWAS Convergence council will hold an ordinary session tomorrow in Abuja to determine the progress made in implementing the roadmap of the Community’s Single Currency Programme and adopt the macroeconomic convergence of member States. The Statutory Council would bring...