A number of banks in Nigeria are presently at risk of losing their capital and incurring huge toxic assets following the current decline of crude oil prices in the international market, analysts at Afrinvest Securities Limited have warned.

Gabriel Ewepu ABUJA-THE Federal Government has charged the newly registered mining engineers under the auspices of Council of Nigerian Mining Engineers and Geoscientists, COMEG, to sustain and maintain professional standards in the extractive industry.

The Federal Government,has declared that with effect from January 2015, maritime vessels purchased overseas without inputs from local ship builders in Nigeria will not be allowed to operate in Nigeria.

The Manufacturing Partnerships for African Development, MPAD, has lamented the persistent gas shortages at power stations, saying that it is unfavourable to manufacturing industries plants as well as hindering it’s input to the development of country’ economy.

For communities in the hinterland of Bayelsa State where there is hardly any local and state government presence, the people are always looking up to the oil and gas multinationals to provide them with basic amenities in spite of the reservations about their activities.