The Federal Government has disclosed that gas flaring has been reduced in the country to about 20 per cent over the last two years.

In the last edition, we made a case for concerted, deliberate plan to educate investors at the retail level. Such effort will facilitate inflow of funds into the capital market from the grassroots. Most importantly, it will enhance confidence among retail investors, and help militate against many of the malpractices presently going on in the market.

To strengthen local content development, an indigenous company, CNS Marine Nigeria Limited, said that it has acquired three vessels worth over $50 million (N6 billion) for offshore services in Nigeria.

I’m starting to have this sinking feeling that meaningful opportunities are slipping away from the Petroleum Industry Bill’s (PIB) debate – particularly its fiscal regime. Stakeholders are threading the 2009 PIB path of self-destruct. Although, the global debate regarding oil and gas fiscal regime is not new and will continue for ages, one wonders the motive behind the International Oil Companies, IOCs’ recent chutzpah of debagging the PIB on the pages of Newspapers instead of a constructive discourse.

Determined to reposition the nation’s power sector, and to also ensure proper sectoral co-ordination of the value chain, the Federal Government has created the Electricity Management Services Limited, EMS.

The Department of Petroleum Resources, DPR, the regulator of Nigeria’s petroleum industry has tasked Multi-Client vendors to deploy state of the art technology in the design, acquisition and processing of data.

Nigeria’s Environmental Rights Action, ERA, has warned that the African Mining Vision, AMV, adopted by the African Union, AU, in 2009 to provide guidance on how mining must be managed may not favour the continent.

I bought Spring Mortgage some years back and up till now, I have not heard from them (Ejiogu Godfrey)

Investors’ preference for mid and small cap stocks saw nine of such companies emerging on the top ten performing table last week. Apart from PZ Cussons, that featured in the eight position, the rest were low priced stocks.

The Securities and Exchange Commission (SEC) has disclosed plans to partner with the Central Bank of Nigeria (CBN) and National Identity Management Commission (NIMC) on biometric data capturing in the capital market.

The Department of Petroleum Resources, DPR said it generated over N470 billion in revenue in the first half, thereby surpassing its projected targets by over N86 billion.

JOSEPH OKPOYE: I want to tell you that contrary to the requirement of the Nigerian Companies and Allied Matter Act, CAMA, that financial reports of companies should be delivered to the shareholders before the day of the Annual General Meeting, most registrars and companies wait until the day of the meeting before giving the report, leaving the shareholders no room to study the report.

The $3.3 billion syndicated loan secured by Dangote Industries last week to build a 400,000-barrel per day oil refinery and petrochemical plant is said to have a seven-year pay back period. A banker who was part of the negotiation disclosed this, saying that Dangote Group may have to work extra hard to meet the payment terms in the loan agreement documents.

Pioneer Managing Director of Arik Airline, Mr. Alex Van Elk has revealed that Nigerians will soon witness the payment of low airfares to any destination within the country as he was determined to float a profitable low cost airline in Nigeria very soon. He said there was huge potentials in Nigeria aviation industry.

Aviation Minister, Princess Stella Oduah, has called for collaboration and partnership between Civil and Military Aviation in order to enhance and guaranty the safety of the Nigerian Airspace. Oduah said this when Chief of Air Staff, Air Marshall Alex Badeh paid a courtesy call on the Minister in Abuja.