Troops kill 6 Boko Haram suspects, recover N29,000

The Nigerian Army has said that its troops on clearance operation in Borno State on Tuesday, killed six suspected Boko Haram elements. In a statement by its spokesman, Brigadier General Sani Usman, the Army disclosed that a total of N29, 040. 00 was recovered from the body of one of the neutralised suspected insurgents. Usman further disclosed that another opera-tion, had culminated in the rescue of a 36-year-old woman. Among the items recovered during the exercise, according to Usman, were an Ak-47 rifle as well as 3 bicycles. “Troops of…

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Local oil firms walking a tight rope

Indigenous firms are the worst-hit by myriads of challenges bedeviling the oil and gas industry. ADEOLA YUSUF reports on how many of them are running into bankruptcy     Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies. The firm’s management cannot…

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Is Arik slipping into oblivion?

Government is at a crossroads on what to do with Arik Air, having injected N1.5 billion since it took over the carrier. It’s time to take far reaching decision on the airline’s future, writes WOLE SHADARE   Arik on life support For those who don’t know, Arik Air is currently dying a slow death and here are some of the signs. The airline has just five aircraft from the over 29 it acquired when it made a debut 10 years ago. It purportedly came with a difference with state-of-the-art aircraft,…

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Rivers: Defections drive APC to the edge

EMMANUEL MASHA reports on the gale of defections among chieftains and members of the All Progressives Congress (APC) in Rivers State since after the National Assembly rerun elections in the state in which the Peoples Democratic Party (PDP) emerged victorious   A few months before the legislative rerun elections in Rivers State, the camp of a senatorial candidate of the All Progressive Congress (APC) was bubbling as party leaders expressed optimism about the party’s chances in the election. But, when the Independent National Electoral Commission (INEC) announced the result, it…

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FG shifts Forcados, Bonga’s re-opening date to June, July

The Federal Government has announced new dates for re-opening of two major oil and gas installations in Nigeria-Bonga Floating Production Storage and Offloading (FPSO) and Forcados line. Minister of State for Petroleum resources, Dr. Ibe Kachikwu, who said this in a report, stated that Forcados would reopen in June and Bonga in July. Shell, operator of Bonga, had earlier said that the facility would re-open by April. The shutdown of these facilities have impacted the crude production in Nigeria as over 225, 000 barrels of oil is shut-in on Bonga…

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Angst in APC over ‘marginalisation’

The bottled-up anger in the All Progressives Congress (APC) is gradually being let out with series of protests by members who feel marginalised, writes ONYEKACHI EZE   There is no doubt that all is not well in the ruling All Progressives Congress (APC). Events in the last few weeks confirmed this. First, is the news making the rounds that the party’s planned April 29 midterm national convention might not hold due to lack of funds. In fact, many people had expected this to happen because the APC leadership has cried…

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Amaechi demands N750m, N500m from Fayose, Fani-Kayode

The Minister of Transportation, Mr. Rotimi Amaechi, has threatened to sue the Ekiti State Governor, Ayo Fayose, and a former Minister of Aviation, Chief Femi Fani-Kayode, if they did not retract the allegation that the $43 million recovered by the Economic and Financial Crimes Commission (EFCC) in Ikoyi last week belonged to him within seven days. Amaechi is also demanding the sum of N750 million from Fayose and N500 million from Fani- Kayode as compensation for the malicious and defamatory claim. Fayose had, through his spokesman, Lere Olayinka, on his…

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