The daily losses being recorded by operators in the power sector have reduced as electricity generation picks up gradually across the country. An analysis of the power industry statistics obtained by our correspondent in Abuja showed that the average daily loss of about N2bn recorded...

The Minister of Petroleum Resources, Dr Ibe Kachikwu has disclosed that various government entities as well as oil companies in the Niger Delta region have spent over 40 billion dollars without any meaningful development in the last 10 years. The Minister of State for Petroleum...

•Audit committee uncovers 90% uncompleted projects •Minister says FG may recover huge unaccounted funds A total of  N700,538,741691.30 budgeted for the Ministry of Niger Delta Affairs between 2009 and 2015 with 60 per cent disbursement, has yielded only eight per cent impact in the region, a...

Militancy: The Minister of State for Petroleum, Dr. Ibe Kachikwu, has said that Nigeria will have to increase oil output by an average of 900,000 barrels per day (b/d) in order to recover crude oil that has been shut in to a series of...

Governor Seriake Dickson of Bayelsa State has appealed to the federal government not to adopt forceful military actions against the Niger Delta militants in a bid to curtail the excesses of attacks on oil and gas installations in the area. The Nigeria military had warned...

The federal government and Niger Delta states have started developing a common and united strategy to deal with the recent resurgent militant attacks on the nation's oil installations. At a meeting held at the Presidential Villa, and presided over by Vice President Yemi Osinbajo, SAN,...