The Nigerian Senate has absolved the Bureau of Public Enterprises, BPE, of being responsible for the failure of Federal Government establishments that were sold to private individuals under the ongoing privatisation programme.

Qatargas has signed Tripartite Sales and Purchase Agreement to supply Liquefied Natural Gas (LNG) to Chubu Electric Power Company and Shizuoka Gas Company at a signing ceremony during the 2011 World Petroleum Conference in Doha.

To promote indigenous capacity in Nigeria, the Bank of Industry BoI, in collaboration with the United Nations Development Programme, UNDP, is targeting to give about 53% of the population access to renewable energy. This group do not have access to electricity supply.

Investors’ appetite for Federal Government’s bond waned last week, as the volume and value of bonds traded in the Over-the-Counter, OTC, market for Federal Government of Nigeria, FGN, bonds both dipped by 22.5 per cent and 25.73 per cent respectively.

It is no longer news that the Federal Government has concluded plans to remove the controversial fuel subsidy after several years of debates. President Goodluck Jonathan took a firm decision to remove the subsidy when he presented budget 2012 to the National Assembly without allocation for fuel subsidy.

ATLANTIC Energy, a private upstream oil and gas group in Nigeria and African visionary and international designer, Ozwald Boateng has agreed to establish a multi-million dollar charitable organisation (Made in Africa Foundation) for the funding of infrastructure projects in Africa.

Power generation in the country dropped by 1,080 mega watts on Tuesday due to the shut down of the Egbin Thermal Station.

IN an effort geared towards empowering the people and supporting government initiatives to grow the economy, the new executive of the National Cashew Association of Nigeria (NCAN) has planned ways of improving cashew quality and regulation of its trade to provide enabling environment for all stakeholders.

The National President, Institute of Chartered Secretaries and Administrators of Nigeria, ICSAN, Mr Teslim Busari, has emphasized the need, for professionals, to be inculcated in governance, as this will help achieve speedy growth and development of the country.

GTBank Plc has entered into a strategic partnership with MTN Nigeria and Fortis Microfinance Bank to promote financial inclusiveness, with the launch of Mobile Money, targeted at the over 30 million unbanked population of the county.