AS a means of finding a lasting solution to the perennial power problem currently rocking the nation, Arthur Energy limited, a leading company in renewable energy and a key player in the power sector has said that it is high time government embarks on renewable energy system as alternative source to the conventional generation of power in the country as this has led to the relocation of so many factories and industries to neighbouring countries.

FOLLOWING the routine check of adulterated oil products and illegal operation of depot facilities, the Department of Petroleum Resources DPR has sealed two depots including a filling station on the account of operating without an approved license issued by the Government.

ELECTRICITYconsumers in Dugbe, Oyo State owe the Power Holding Company of Nigeria Plc, PHCN Dugbe Business Unit, about N1.15billion.

RENEWABLE energy development that will facilitate less reliance on hydrocarbons is set to take the front burner, as business leaders and policy makers from several African countries meet in Berlin, Germany to discuss the issue.

PRIOR to the appointment of the current Minister of Petroleum Resources, Mrs Diezani Allison-Madueke, and the subsequent signing into law of the Nigerian Content Act, the domination of International Oil Companies (IOCs) in the upstream sub-sector of the Nigerian oil and gas industry was an issue that past administrations either considered as part of the system or simply felt all was well enough and requires little or no attention.