Muyiwa Oni was a petty trader in Lagos who operated a savings account with a new generation bank in Lagos. He was just a stone’s throw from the bank one day when he received an alert on his mobile phone that N150,000 had been withdrawn from his account with an ATM card.

Just when families of passengers of an east- bound luxury bus which was on its way to Lagos are smarting from th irreparable loss of their loved ones occasioned by a robbery attack which left many dead and scores critically injured , the matter raised its ugly head again , with claims and counter- claims on when and how it all happened.

Current situation in the downstream petroleum sector The dependence on imports, inadequate supply and distribution infrastructure and poor state of the refineries, as well as the huge subsidy being incurred by the government cannot be separated from the government’s involvement in this very critical sector.

ABUJA — The Minister of Mines and Steel Development, Mrs. Diezani Alison-Madueke weekend wooed global investors in the mining sector to the Nigeria, saying the country would grant a three-year tax holiday to new mining companies.

TECHNO Oil Limited, a key player in the downstream sector of the oil and gas industry, has affirmed its commitment to Corporate Social Responsibility (CSR) that will continue to have direct impact on communities.

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.