The partial cessation in the disruption of oil and gas installations by vandals and the rise in water levels for hydroelectric plants have resulted in a steady increase in electricity generation in the last one month, according to operational reports from the System Operator. Data...

Five security operatives, a storekeeper and an accomplice have been arrested for alleged diversion of 9,000 kilogrammes of high calibre explosives and over 16,420 pieces of detonators in the Niger Delta. The National Security Adviser, Maj.-Gen. Mohammed Monguno (retd.), said that investigation conducted into the...

Chevron and Eni, two of the global oil majors operating in Nigeria, and their local counterparts such as Seplat and Oando may have been worst hit by the production disruptions occasioned by militant attacks in the Niger Delta, their financial results have shown. Chevron Corporation,...

  The national electricity grid has sustained 3,000 megawatts (mw) daily generation for 20 days in July to the delight of consumers. However, while the grid maintained a range of 3,000mw to 3,300mw for those days, generation dipped to as low as 773mw for the remainder...

Global Steel Holdings Limited may have abandoned the arbitration process that it instituted at the Court of International Arbitration, London to reclaim the Ajaokuta Steel Complex from which it was sacked by the Federal Government. The Director-General, Bureau of Public Enterprises, Dr. Vincent Akpotaire, and...

The Nigerian National Petroleum Corporation (NNPC) says it is unaware of any increase in the official ex-depot price of kerosene. The Pipelines and Product Marketing Company (PPMC), a subsidiary of the NNPC, was reportedly said to have increased the ex-depot price from N75 to N135...