THE Generation Companies of Nigeria, GENCOs, has argued that its members have the capacity to stimulate and sustain development in the Power sector of the nation’s economy.

The global oil market was very unstable in 2017, as a result of many factors, especially over-supply, speculation and politics, thus causing anxiety in major oil producing nations such as Nigeria, Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Islamic Republic of Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, United Arab Emirate and Venezuela.

The Infrastructure Concession Regulatory Commission, ICRC yesterday waded into the faceoff between the Federal Aviation Authority of Nigeria, FAAN, and concessionaire of the Murtala Mohammed Airport, MMA2 with a view to growing the aviation industry.

THE ownership tussle between Mr. Wale Tinubu, Group Chief Executive and Alhaji Dahiru Mangal, shareholder in Oando Plc, has been resolved, thus paving way for peace and stability in the company.

The Federal Inland Revenue Service, FIRS, said it generated N4 trillion from tax revenue collected in 2017. This represents 20 percent or N800 billion increase when compared with N3.3 trillion generated in 2016. The Executive Director, FIRS, Mr. Tunde Fowler disclosed this during a courtesy visit to the Oba of Lagos yesterday.