Investors in the capital market, have flayed the National Assembly and the Securities and Exchange Commission over the shady conduct of the public hearing on the near collapse of the Nigerian capital market, saying both parties deviated from the core issues to focus on irrelevancies.

Following complaints by some indigenous oil service companies that the spirit of price disparity between them and their foreign counterparts while bidding for jobs with International Oil Companies negates the spirit of fairness the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB) Engr. Earnest Nwapa has clarified the reasons behind the development if it does exist.

IT has become highly imperative for the federal government to expand its frontiers in the Local Content policy to cover strategic sectors of the economy as over $20 billion worth of jobs is being lost by the country annually to capital flight especially in sectors like power and telecoms amongst others.

Nigeria Gas and Steel Limited (NGSL) has petitioned the Minister of Aviation and the FCT to duly consider local manufacturers on the four new international airports in the country and the light rail system projects between the Federal Government and the Chinese Government.

THE International Bargaining Forum (IBF), a body of seafarers, has warned its members to steer clear of Nigerian waters as they declared the country ‘high risk area’ following the incessant attacks on vessels and crew members.