FOLLOWING the launch of its gas-powered vehicle in Nigeria, Nipco Plc, one of the major players in the downstream sector of the oil and gas industry has called out to the Federal Government to encourage importation of kits by giving concessions and other benefits to cars running on liquefied petroleum gas, LPG.

ABUJA – THE Independent Petroleum Marketers of Nigeria (IPMAN) has said it plans to build a refinery in the country to reduce the challenges associated with importation of fuel and other petroleum products, a situation which it said has cost the nation millions of dollars in oil revenue.

DESPITE President Umaru Musa Yar’Adua’s offer of amnesty to militants, Movement for the Emancipation of the Niger- Delta at the weekend said it had blown up a wellhead in a Shell oil field in Delta State, citing provocation from the Joint Task Force (JTF).

The Afribank Group, comprising of Afribank Nigeria Plc and nine specialized subsidiaries, has opened a mega complex in Lekki Phase One, Lagos, where the services of members of the Group could be accessed under one roof.The complex, which is fitted with modern facilities, offers convenience, easy accessibility and one-stop financial services to different clientele.

Standard Chartered Bank Nigeria Limited has launched the Diva Club – a networking platform for women under the umbrella of the bank’s innovative women’s product Diva Club Account.

NEXTZON Business Serv ices Limited, one of the Nigeria’s leading enterprise building firm is breaking new grounds in forging cross border trade alliances as it recently facilitated the visit of a Brazilian Trade Mission to Nigeria.

THE coming of the world ‘s gas giant Gazprom to Africa’s biggest oil producer Nigeria would put an end to gas flaring, Alexander Polyakov, the Russian ambassador to Nigeria, said on Tuesday.

*As Naira gains N5 in parallel market By  Babajide Komolafe Foreign exchange demand at the official    market rose sharply by 100 per cent as the naira appreciated by N4 at the parallel market.

Investors’ woes were heightened last week, as the value of their investments on the Nigerian Stock Exchange (NSE) dipped by N706.21 billion.

Mr Aniekan Akpan, PENGASSAN Abuja Branch Chairman, has faulted the contracting of 21 crude oil terminals for pre-shipment inspection to a foreign firm by the Federal Government.In an interview with the News Agency of Nigeria (NAN) in Abuja on Friday, Akpan stated that it was a drain on the economy. Akpan added that the action was a waste of government resources in theface of scarce resources.