Nigeria is estimated to have lost more than $40 billion or N6.3 trillion investments in the last two years as a result of uncertainties in the oil and gas sector. Specifically, oil companies have held back over $40 billion worth of investment while waiting to see what happens, sequel to regulatory uncertainty. Sweeping reforms to taxes and royalties, transparency, local participation and the Nigerian National Petroleum Corporation, NNPC, have been promised since 2007.

BY GABRIEL   ENOGHOLASE BENIN—CHAIRMAN, House of Representatives Committee on Power, Mr. Patrick Ikhariale, has said that the generation of 10,000 mega watts of electricity by the Federal Government before the end of 2013, was realisable. He, however, added that there must be transparency and diligence by stake-holders and all those involved in the energy sector. […]

Talks by Catholic cardinals to choose a successor to Pope Benedict began, yesterday, at the Vatican but the choice of a date when they would shut themselves into the Sistine Chapel to start voting for the new pontiff was delayed to allow more priests to arrive.

The Managing Director, Powercell Limited, Mr. Tayo Balogun, in this interview speaks about the use of Uninterrupted Power Supply, UPS and Inverter systems to promote sustainable energy supply.

The Veterinary Council of Nigeria has challenged Nigerian universities to turn out 500 veterinary doctors annually. This, according to the council, is to meet the increasing demand for veterinary doctors in the livestock industry.

The curtains came down weekend on the maiden Delta Airline Tennis tournament, with Godwin Kienka, Peter Osagie and Godson Mefo emerging champions in the event held at the Lagos Lawn Tennis Club, Onikan.

The Nigerian Content Development and Monitoring Board (NCDMB) and the Presidential Amnesty Programme have begun to work together towards creating employment opportunities in the Oil and Gas Industry for ex-militants who have undergone specialized training programmes.

One year after a boat mishap in Igbede Community, Otto-Awori Local Council Development Area, LCDA, commuters of water transport especially in the riverine axis of the state, are yet to comply with the state safety standards.

THE Federal Government, yesterday, in Abuja, said it will soon come out with strict guidelines to regulate the employment of contract staff and casual workers in the Maritime sector of the economy as part of its decent job agenda.

The people of Otumara Community, Warri South Local Government Area of Delta State, have asked the Shell Petroleum Development Company Limited, SPDC, to halt a proposed gas plant project in the area, or, on the alternative, give them adequate compensation to relocate, before the company can go ahead to site its proposed gas plant in the area.

In the 10th century, the Arabian physician Masawaih al-Mardini (Mesue the Younger) wrote of his experiments in extracting oil from “some kind of bituminous shale”.The first shale oil extraction patent was granted by the British Crown in 1684 to three people who had “found a way to extract and make great quantities of pitch, tarr, and oyle out of a sort of stone”.

Former President Olusegun Obasanjo, Monday, broke his silence on his late father, saying, culture almost prevented him from recognizing him before his death.

The Bauchi State chapter of the Nigeria Bar Association, NBA, has asked the Bauchi State Government not to give in to wrong reasoning in its dispute with secondary school teachers over deductions of their allowances in the state.

Vice Chancellor of Kebbi State University of Science and Technology, Aliero, Prof. Abdullahi Zuru, has said that the application of Biotechnology on agriculture would help in tackling the challenge of shrinking resources through improved yield varieties.

Governor Umaru Al-Makura of Nasarawa State, has appointed Hajia Zainab Abdulmumini, as the new Secretary to the State Government, SSG.