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.

Efforts geared towards repositioning the Nigerian Stock Exchange (NSE) for profitability and achieving the vision of making the nation hub of African exchanges will not materialize without effective reduction of interest rate, says Chief Temitope Labinjo Ajayi, Chairman, Nigeria American Agricultural Empowerment Programme Limited (NAAEP).

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.

Commercial banks operating in Lagos State have commenced the implementation of approved processing charges on cash withdrawal limits on individuals and corporate organisations in line with the directive by the Central Bank of Nigeria (CBN), which fixed April 1, 2012 as the takeoff date.

Comptroller Dan Ugo is the new Customs Area Controller (CAC), Federal Operations Unit (FOU) Zone A, of Nigeria Customs Service (NCS). Before his deployment to FOU, known to be the Customs busiest anti-smuggling network covering the entire South West of Nigeria, Ugo worked as CAC of the nation’s premier Port Command of Apapa, MMIA, Onne port and served in various capacities in the service with about 30 years experience. He speaks on the unit’s 306 seizures in two months, the arrest of 51 suspects and the action plan to make FOU more active.