By Clara Nwachukwu The National Council on Privatisation, NCP, yesterday set up Transition Committees for the 15 Power Holding Company of Nigeria, PHCN successor companies whose preferred bidders recently paid the mandatory 25 percent of their bid values. The move is in a bid to, amongst others, facilitate the smooth transition and eventual handover of […]

LAST week, I said I thought that people who were attacking President Goodluck Jonathan for pardoning Alamieyeseigha, his former boss, were being too harsh.

Bonny Gas Transport, BGT, a subsidiary of Nigeria LNG Limited, NLNG, yesterday, finalised the deal for the acquisition of six new vessels valued at N254.4 billion ($1.6 billion).

PRESIDENT Jonathan has attracted near-universal condemnation, both in Nigeria and internationally, for pardoning Diepreye Alamieyeseigha, the former Governor of Bayelsa State, under whom he once served as a Deputy.

The US will become a net oil exporter late this year as domestic crude production surpasses imports for the first time in 18 years, the Energy Information Administration said Wednesday.

Helped by a surge in shale-based output in North Dakota and Texas, monthly crude production has pushed past seven million barrels a day and could reach eight million barrels a day by the beginning of 2014.