The Managing Director/Chief Executive Officer, Frontier Oil Ltd,Mr. Dada Thomas, has urged the Federal Government to strengthen its vast gas reserves to augment the losses being suffered as a result of the dwindling oil prices. Thomas, who said this recently at the Annual Lecture of Aret Adams Foundation in Lagos, also urged government to pay more attention to gas production as it is one of the country’s major revenue generation sources, even as he regretted that Nigeria had not given the sector the necessary attention before now.

LAGOS — Despite the seeming glimpse of recoveries recorded last week in Nigeria’s economy, global study report by Bloomberg is pointing to a decline in the forecast growth for 2015.

Every year three batches of Youth Corp members pass out, and we have problems from the turn out as the rate of unemployment is alarming. How best do you think the government can address this? I think the key thing (which China did and which India is doing) is industrialisation. Massive labour intensive industrialisation is the way to take out this level of unemployment we have in this country.

“Within the next two weeks, all witnesses in this matter would have given their evidence after which counsels to the parties will give their final addresses and the court will give its verdict,” Komolafe told a hearing in Lagos.

AT least $400,000 (about N88million), was reportedly paid as ransom to secure the release of three seafarers kidnapped from the Greek VLCC Kalamos, off Nigeria’s coast on February 3.