At the backdrop of a history of success in financial services, Managing Director of FundTrust Multipurpose Cooperative Society, Chief Silas Ifeanyi, has identified fraud and lack of skills in financial management as the major causes of crashes among some financial institutions in the country.

Host Communities of Nigeria Producing Oil and Gas, HOSCOM, said it has met over 50 per cent of the total requirements put forward by the Department for Petroleum Resources, DPR, for its planned 10 modular refineries in oil- producing states in the country.

THE Bayelsa State Government has signed a Memorandum of Understanding, MoU, with Rehoboth refinery for the construction of 60,000 barrels per day modular refinery.

As part of the mandate of the Nigerian Content Development and Monitoring Board (NCDMB) to develop local content capacity in welding and fabrication in the Nigerian oil and gas industry, the Board in conjunction with the Nigerian Institute of Welding (NIW) will be undertaking a visit to the Southern African Institute of Welding (SAIW) and the Institut National De Plongee Professionnelle (INPP) an underwater welding training institute in Marseille, France this week.

PowerGas, an indigenous gas provider said it has come up with a sustainable solution to the power problem facing industries and other estates with its gas-to-power infrastructure for industries and manufacturers.