INDUSTRY LEADERS in the country are making frantic efforts to halt passage of the Private Companies Conversion and Listing Bill into law by the National Assembly. They said the bill being sponsored by the Deputy Chairman of the House of Representatives Committee on Capital market, Hon. Chris Emeka Azubogu, would not help the business climate in Nigeria and should be withdrawn.

My home generator is no guzzler, yet my heart always skips a beat at the sight of my monthly diesel bill. In my side of town on the Lekki-Epe Expressway, the price of diesel is between N145.00 and N160 depending on the station. Interestingly, it often costs me less to buy at the stations that sell for N155.00/litre than at those that sell for N145.00/litre. That however, is the subject for another day.

Seplat Petroleum Development Co., a Nigerian oil producer that bought assets from Chevron Corp., plans to defer some oil investments while expanding gas output to survive low crude prices, company Chairman Ambroise Orjiako said.

The Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM) will collaborate for better enforcement against insurance companies that misappropriate funds raised from the capital market. This disclosure was made by the Acting Director General of SEC, Mr. Mounir Gwarzo, who hosted the Management of NAICOM on a courtesy visit at his office in Abuja.

Dana Airline has indicated its readiness to begin its daily flight operations to Owerri airport in a few weeks time. Disclosing this development to newsmen, Chief Commercial Officer of the airline, Obi Mbanuzuo said that such move was part of the airline’s expansion plan to convey passengers to their various destination across the country.