Lagos State Governor, Mr Babatunde Fashola (SAN) has warned accountants in Lagos State against leaking sensitive information that would jeopardize both their personal and state interest.

THE Nigerian National Petroleum Corporation (NNPC) yesterday revealed that its joint venture operations have recorded over 400 million metric standard cubic feet of gas production per day (mmscf/d) with implications for improved power generation and supply across the country.

IF the power sector is to attract the necessary investments to bring about the needed growth required for Nigerians to realise their dreams of uninterrupted power supply, a total overhaul and reformation of the sector may be unavoidable afterall.

Germany’s BANK IM BISTUM ESSEN has indicated interest to invest in Nigeria’s microfinance sector through Enugu-based Umu-chinemere Pro-Credit Micro Finance Bank Nigeria (UPMFB) Limited.

The Chairman, Lagos State Microfinance Institution (LASMI), Mr. Sikiru Alabi-Macfoy, says the outfit has so far given out N5 billion as loans to the active poor in the state.

An expert in the Nigerian capital market, Mr. Babtunde Adeyemi, has called on the authorities in the financial market, to, henceforth, stop banks and insurance firms from owning stockbroking firms, as this will help reduce sharp prices, especially price manipulations and prevent a recurrence of situations that led to the crisis in the capital market.

The Managing Director of GTBank Asset Management Limited, Mr. Nicholas Nyamali has blamed the crisis faced in the Nigerian economy on poor managerial and administrative skills in managing issues in the corporate and public sectors of the country.

THE Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that it plans to beam its searchlight on the nation”s mining sector in order to enahce accountability and transparency in the sector.

DESPITE the slowdown in the economy brought about by the global financial crisis, an expert in the oil and gas sector has stated that the liquified petroleum gas (LPG) industry remained buoyant and has enjoyed steady increase over the past months.

THE American Ambassador to Nigeria, Robin R. Sanders has disclosed that the U.S. Government is collaborating with the government and with the Independent Power Providers Association of Nigeria (IPPAN) to implement one of its top priorities, increasing electricity generation to 10.000 megawatts by 2011.