Residents in Lagos State have decried the recent surge in electricity supply from the Power Holding Company of Nigeria, PHCN, which they alleged damaged their household and electrical appliances worth several millions of Naira.

The National Union of Electricity Employee, NUEE, has described the $8 billion invested in the National Independent Power Project, NIPP as inadequate for the power sector to generate 60,000 megawatt.

The Nigerian National Petroleum Corporation, NNPC, is intensifying efforts to encourage indigenous participation in the upstream sector of the Nigerian Oil and Gas Industry.

Federal Government has said that collaboration between relevant stakeholders in a transparent manner would facilitate exploration, exploitation, value addition and sustainable development of the minerals and metal sector of the country.

A Federal High Court, which sat in Asaba, Delta State, has ordered the Pipelines and Products Marketing Company, PPCM, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, to pay various fines for refusing to clean up and remediate some oil spills totaling N62.5million.

The Nigerian Extractive Industries Transparency Initiative, NEITI, has renewed calls for the passage of the Petroleum Industry Bill, PIB, stressing that the issue of transparency and development of the oil and gas industry and the national economy hinges on the passage of a robust and pragmatic legislation.

The Coalition For Social Equality, a non-governmental organisation has revealed that the illegal imposition and collection of Meter Maintenance Charge from consumers by the Power Holding Company of Nigeria, PHCN, has amounted to about N378 billion.

The Department of Petroleum Resources, DPR, and the Norwegian Petroleum Directorate, NPD, have renewed a Memorandum of Understanding, MoU, for technical cooperation in the oil and gas industry, which began in year 2000.

As part of efforts to reduce the loss of lives on Nigerian roads, the Shell Petroleum Development Company, SPDC, has promised to support the Federal Road Safety Corp, FRSC, in fighting the unending menace of road accidents.

The Bureau of Public Enterprises, BPE has released the revised industry and transaction agreements to the 152 potential investors interested in the privatisation of the 17 successor companies created from the unbundling of the Power Holding Company of Nigeria, PHCN.

DUE to the deplorable state of Nigerian refineries, the Chairman House of Representatives Committee on Downstream Petroleum, Hon. Dakuku Peterside, has called on private investors to take advantage of the opportunities in Nigeria’s refining sector.

Folawiyo Energy Ltd and MRS Oil and Gas Limited are among the top premium motor spirit, PMS or petrol storage tanks operators in the country.

Power Holding Company of Nigeria, PHCN, has raised an alarm that vandals of electricity installations are threatening the efforts of the utility company to stabilise electricity supply in the country.

Following complaints by some indigenous oil service companies that the spirit of price disparity between them and their foreign counterparts while bidding for jobs with International Oil Companies negates the spirit of fairness the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB) Engr. Earnest Nwapa has clarified the reasons behind the development if it does exist.

IT has become highly imperative for the federal government to expand its frontiers in the Local Content policy to cover strategic sectors of the economy as over $20 billion worth of jobs is being lost by the country annually to capital flight especially in sectors like power and telecoms amongst others.