IN an effort to free the country permanently from the shackles of incessant fuel scarcity, the Nigerian National Petroleum Corporation, NNPC has concluded plans to acquire about 50 percent of the nations petrol stations which would be strategic in fuel dispensing to Nigerians during at all times.

In a bid to improve the power supply situation in Nigeria, PSC Nigeria, manufacturers of solar equipment in the country said they have installed capacity of over 1,500KWp of solar PV Systems, while making efforts to increase capacity about 5,500 Kwp within the next 12 months.

The Bureau of Public Enterprises has said that there are numerous benefits prospective investors in the power sector can derive from the series of global investment forums, which kicked off last week in Lagos.

BARCLAYS Capital in a Dec. 30, 2010 report said that the resumption of political uncertainty and violence may hinder the recent growth in Nigerian oil output, which climbed to a two-year high of 2.3 million b/d after dropping to a low of 1.7 million b/d in mid-2009.

The Chairman of the Nigerian Extractive Industries Transparency Initiative, NEITI, Prof. Assisi Asobie, has stressed the organisation’s commitment to achieving full compliance status at the next board meeting of the global Extractive Industries Transparency Initiative, EITI, to be held early in the year.

The Federal Government has approved over N31 billion for various contracts for power projects, yesterday.

AS Nigerians bask in the euphoria of the 50th Independence anniversary celebration, Omatek Ventures Plc has announced the deployment of 24-hour alternative solar-powered hybrid solution combined with LED bulbs in 22 schools in Ekiti State.

Contending issues surrounding the Petroleum Industry Bill, PIB, currently before the National Assembly, have made it imperative for the Nigerian National Petroleum Corporation, NNPC, to convene a summit of stakeholders.

Former Minister of Petroleum Resources, Dr. Rilwanu Lukman, has pledged continued support for Nigeria’s oil and gas industry for the benefit of the overall economy.

First Hydrocarbon Nigeria, FHN, in which Afren holds a 45 percent interest, said it has entered into Definitive Agreements with a number of International Oil Companies, IOCs.