IFEANYI Ubah and Capital Oil and Gas Ltd, have initiated contempt proceedings before a Federal High Court sitting in Lagos, against Access Bank Plc, over its alleged refusal to comply with an order of the court, directing the bank to discontinue a suit it filed against Ubah and others at a London court.

THE judgment of Appeal Court sitting in Lagos which Thursday upturned the victory of Babajide Obanikoro, son of former Nigerian Ambassador to the Republic of Ghana, Musiliu Obanikoro, has been generating discomfort in various Peoples Democratic Party, PDP, circles in the state.

Yenagoa—Special Adviser to Bayelsa State Governor on Power, Engr. Olice Kemenanabo, weekend, said until the recent wake up call for gas utilization, the Kolo Creek in the state alone wasted N39.42 trillion through gas venting.

The Managing Director, Belujane Konsult and former spokesman of Nigeria Airways, Mr. Chris Aligbe, has cautioned that the Federal Government should not have controlling equity in the proposed Nigerian national carrier.

Dr. Olufemi Faniyi is a Veterinary Medicine graduate of the Usman Dan fodio University, Sokoto with Diploma in Poultry Husbandry, Feed Manufacturing and Hatchery Management from the world famous Barneveld (IPC Livestock) College in Holland.

Nigeria is fast becoming a laughing stock. No thanks to the Peoples Democratic Party members who have held top political positions in the past and now. They have a way of passing the buck to pull the wool over the eyes of Nigerians to divert attention from the way and manner they pillage the resources of the country.

Public discourse recently focused on the charge by Dr. Obiageli Ezekwesili (Oby), a former Senior Assistant and Minister in Obasanjo’s administration, that the Yar’Adua/Jonathan Presidency had frittered away accumulated reserves of about $67bn since the change of baton in 2007.

There was major disagreement recently between the officials of Federal Airports Authority of Nigeria, FAAN and A.I.C Limited owned by Chief Harry Akande over the land for the construction of A.I.C Hilton Hotel at the Murtala Muhammed International Airport, Lagos. The question everybody has been asking is what should take precedence: the profit motive of an individual or the collective security of the nation’s airport and its users?

Small scale traders,selling wares under the bridge at the popular trade-fair complex, has lamented over the demolition of their Kiosk.

At the media interactive session organised by the Nigerian Stock Exchange, NSE, to appraise its performance in 2012, as well as make projections into the New Year, the Chief Executive Officer, Oscar Onyema, spoke on several issues bordering on stocks price movement, making the Exchange a public company (demutualisation exercise), the one trillion market capitalisation outlined for 2016 and other initiatives to further stabilise the market. He disclosed that the newly inaugurated market makers in the equity sector have not achieved enough depth as their participation is still below one percent.

The management of Dana Airline last week disclosed its plans to resume flight operations on the Lagos-Port-Harcourt route in the next two weeks.

Nigeria seems to be having two major problems as far as internet penetration is concerned. One is that of low penetration, another is poor women participation on the web.

Since formal land registration began in Nigeria in 1863, not more than 2.5 per cent of the land in the whole country has been registered.

There are fears in the insurance sector that the ‘no premium, no cover’ directive could slow down the momentum of business renewals in the first quarter of 2013, Financial Vanguard has learnt.