ABUJA — The Minister of Petroleum Resources, Dr. Rilwanu Lukman, has disclosed that the nation’s oil and gas behemoth, the Nigeria National Petroleum Corporation (NNPC) was currently running at a loss of more than N200 billion, with contingent liabilities of more than N146 billion and $277 million.

IN an effort to boost electricity supply to the Lagos Water Corporation Plant in Akute on the outskirts of Lagos, Oando Plc has invested the sum of 25 million dollars on the construction of an Independent Power Plant (IPP) to boost the supply of water to indigenes of the state around the area.

The Administrator of the Nigerian Electricity Regulatory Commission (NERC), Mallam Imamudeen Talba has blamed the collapsed state of the nation’s energy sector on the lack of discipline and inefficiency in the usage of electricity.

THE gas sector in Nigeria may not experience development until the federal government’s presence in the sector is no longer present.

MULTINATIONAL oil and gas companies operating in Egi community, Rivers state have been told to live up to their corporate social responsibility to the area or be ready for a showdown with the community.