The Department of Petroleum Resources, DPR said it generated over N470 billion in revenue in the first half, thereby surpassing its projected targets by over N86 billion.

PETROLEUM and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has petitioned President Goodluck Jonathan, urging him to personally intervene in the alarming crude oil theft and pipeline vandalism in the country, to save the nation’s economy from collapse.

Forte Oil Plc has disclosed plans to expand its operation beyond the shores of Nigeria to other West African countries.

…Improved power boosting businesses in Kaduna
Kano is one of the states in the federation that is groaning under epileptic power supply . According to statistics made available by manufacturers, the Ministry of Power was supposed to supply Kano zone that comprises Katsina, Jigawa , Kano and Niger Republic with 8 percent of the total power generation based on distribution formula, but what was being handed to the zone was just 3 percent.

Nigeria’s Power Minister Professor Chinedu Nebo recently affirmed that come December 2013, Nigeria will experience an improved power supply. Such promise has been a recurring issue; hence many Nigerians will simply see it as the usual.