Out-going Education Minister, Mrs. Obiageli Ezekwesili has said the Federal Government had approved a take-off grant of N1 billion for University of Petroleum Resources, Effurun, Delta.
Ezekwesili, who made this known in Abuja, at the inauguration of the governing council of the university, said the amount was to assist the institution in providing the necessary facilities [...]

Outgoing Education Minister Obiageli Ezekwesili today in Abuja said that the federal government had approved a take-off grant of N1 billion for the University of Petroleum Resources, Effurun, Delta.
Ezekwesili, who made this known at the inauguration of the governing council of the university, said the amount was to assist the institution in providing the necessary [...]

President Olusegun Obasanjo yesterday signed the Mining Bill into law, predicting a new dawn for the country’s mining industry. He said the new mining law was bound to accelerate foreign direct investment in the sector.
The President whose speech was read by the Secretary to the Government of the Federation Chief Ufot Ekaette at the opening [...]

The nation’s mining sector is on the threshold of a major expansion, as the 2nd International Mining Investment Conference and Exhibition on Nigeria (IMICON 2007) will take place from February 13 to 15 2007, at the Transcorp Hilton Hotel, Abuja.
The forum, described as the biggest annual mining event in the country, is being organised by [...]

OPEC, whose member nations produce 40 percent of the world’s oil, said yesterday it would cut output by 1.9 percent in February. OPEC also accepted Angola as a member to gain greater control over global crude supplies.
Production will be pared by 500,000 barrels a day as of Feb. 1, OPEC President Edmund Daukoru told journalists [...]

Armed men have seized control of an oil complex in southern Nigeria owned by a subsidiary of Royal Dutch Shell PLC, authorities said Friday.
No deaths were reported but one man was shot in the overnight attack on the facility, an operating base that houses staff and stores equipment, said Joshua Benemesia, a local chief who [...]

Angola, sub-Saharan Africa’s second largest oil producer, is seeking to join the Organisation of Petroleum Exporting Countries to reap the gains of being within the cartel, the government has said.
“The council of ministers has said it backs Angola joining
OPEC,” finance ministry spokesman Bastos de Almeida told AFP Thursday.
“By joining OPEC, Angola will no longer be [...]

Oil prices rose Wednesday, as traders assessed declines in U.S. supplies of gasoline and diesel fuel.
Other factors prompting traders to buy were the possibility of further
OPEC production cuts; the specter of cold winter weather; and the feeling that the newly empowered Democrats won’t be shaking up the oil industry anytime soon.
“There’s some relief over the [...]

Crude oil tumbled for a second day on forecasts that warm U.S. weather will curb demand from the world’s largest energy consumer and bolster inventories that are already above average.
Higher-than-usual temperatures are expected in most of the U.S. from Nov. 7 until Nov. 13, the National Weather Service reported. U.S. crude inventories, already 12 percent [...]

The Bureau of Public Enterprises (BPE) hereby invites prospective Investors to express interest in acquiring any of the Coal Blocks, which were hitherto held by the Nigerian Coal Corporation (NCC), Enugu.
The Nigerian Coal Corporation (NCC) was established in 1950 under the Coal Ordinance No. 20. It had the exclusive rights to mine coal in Nigeria [...]