THE Federal government is partnering with major national and international stakeholders in the dairy sector towards injecting considerable volume into local milk production and cutting down on importation of milk in the future.

With the ongoing efforts of the Federal Government to rebuild the towns and communities destroyed by Boko Haram insurgents in the North East zone, a German firm, LTI Re Energy and its Nigerian partner, NIGUS International, have sealed an agreement to light up the zone through renewable energy resources. To this end, the firms have made known their intention to commit N180 billion in the development of solar energy in that part of the country.

Nigeria needs at least $14 billion a year in new investments over the next five years to raise oil output to 2.2 million barrels a day (bpd) which is the national budget output benchmark, the Managing Director of Shoreline Natural Resources, an independent oil producing company, Ladi Bada, has said.

YENAGOA—THE ban on the use of side curtains in tricycles, popularly called Keke NAPEP, at Yenagoa, Bayelsa State, by the State Government, has sparked a row between the residents and commuters on one side and government on the other.

Major transformations in the global energy system that may take place over the next decades, indicate that renewable energy and natural gas would be the big winners in the race to meet energy demand growth until 2040, the latest edition of the World Energy Outlook, the International Energy Agency’s flagship publication, said.

The Nigerian National Petroleum Corporation, NNPC, spent $2.94 billion on Joint Venture Cash Call, JVCC, funding over a 12-month period, between October 2015 and September 2016.

Nigerian Extractive Industries Transparency Initiative, NEITI, has thrown its weight behind plans by the ministry of petroleum resources to undertake far-reaching reforms in the petroleum industry. Speaking at the 5th Sustainability in the Extractive Industry (SITEI) Conference in Abuja, Executive Secretary of NEITI, Mr. Waziri Adio, applauded the decision to set up a single independent petroleum industry regulator, while he disclosed that the new roadmaps in the oil, gas and solid minerals sector portend a lot of prospects for the industry.

As the price rally generated from the tentative production freeze deal by the Organisation of Petroleum Exporting Countries, OPEC, reversed, industry analysts see doubts on the rise on the possibility of a substantive an agreement in Vienna next week.

The Economic and Financial Crimes Commission, EFCC, yesterday, dragged the Chairman of Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concept Limited, Jide Omokore, before Justice Nnamdi Dimgba, over alleged criminal diversion of over $1.6 billion belonging to the Federal Government under the guise of oil swap.

FOLLOWING the extension of the ban imposed by the European Union, EU, on beans and other food products, the National Agency for Food and Drug Administration and Control, NAFDAC, has scaled up monitoring of the performance of stakeholders involved in the exportation of Nigerian food products.