The Federal Government, FG, has been enjoined to encourage the listing in the nation’s capital market of the Federal Mortgage Bank (FMB), Bank of Industry (BoI), Bank of Agriculture (BoA) and other government agencies that mobilize investment in the mortgage and agriculture sectors.

The recently released banks’ results, especially that of Zenith, Access and Guaranty Trust Bank, as well as other positives expected in the second quarter of the year will combine to boost equities performance in the remaining part of the year, the Chief Executive Officer, Financial Derivatives Company (FDC), Mr. Bismark Rewane, has said.

Tony Elumelu, Founder of the Tony Elumelu Foundation, has tasked companies in the private sector in Africa to contribute meaningfully and play a leadership role in the transformation of the continent’s economic fortunes.

Forte Oil Plc, (formerly African Petroleum Plc) has forecast a Profit Before Tax (PBT) of N1 billion in its half year ending June 2012. The forecast is coming after improvement in its first quarter result recently sent to the Nigerian Stock Exchange (NSE).

MOBIL Oil Nigeria, Plc has denied any form of involvement in subsidy scam. The anti-corruption agency is to recover 14.93 billion naira ($95.04 million) in fuel subsidy payments received by Mobil Oil Nigerian Plc, the downstream subsidiary of ExxonMobil group, a parliamentary investigation said.

The Federal Government said the country’s first ever wind-propelled power project, due for commissioning in July this year in Kastina State, will contribute about 10.8 mega watts to the national grid.

The Lagos State Government, through the Ministry of Energy and Mineral Resources and its implementation agency the Lagos State Electricity Board (LSEB), will today launch the first consumer focused Household Energy and Emission Calculator in Nigeria.

The Chief Executive of Royal Dutch Shell Plc, Mr. Peter Voser, has revealed that the oil major is assessing projects that could be worth up to $4billion to boost oil production in Nigeria and cut flaring of associated gas.

Cross Rivers State Governor, Mr. Liyel Imoke, has called on the Federal Government to review the current natural gas pricing template, saying that current structure had over the years remained a major disincentive to the gas to power programme and attendant electricity supply shortages in the country.

FORMER Minister of Petroleum Resources, Professor Tam David West has described of petroleum subsidy as worse than the convicted former governor of Delta State, James Ibori.