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…

Read More

Obiano to unveil new book on Anambra light bearers

Governor Willie Obiano of Anambra State will today unveil a book titled, ‘Icons of Anambra State’. The publication, sponsored by three leading banks, traces the resilience and enterprise that made the state to produce the highest number of achievers in Nigeria since the 20th century. The 317-page book written by a researcher and biographer, Mr. Uchechukwu Elugu, details the lives and times of some remarkable men and women, who made the difference to make Anambra the leading state in the South East. Anambra, which prides itself as “The Light of…

Read More

Shall I tell this to the president?

They already own everything; they own our politics, our economy and our money. Even the CBN is being privatised and controlled by this cartel. The same cartel now wants to control the water we drink and the air we breathe to complete their vicious cycle of enslaving and subjugating us all. They don’t care about the future but only about the dark interest they represent. Unrestrained capitalism is evil and should be challenged. The media knows about this but will never write about it. Our elite knows about this but…

Read More

$100m oilfield chemical investments at risk

The over $100 million investments in oilfield chemical sub-sector of Nigeria’s oil and gas industry is on the brink of collapse, New Telegraph has learnt. Investigations revealed that stakeholders in sub-sector are rising against this major threat to business exasperated by longerthan- necessary tendering cycle in Nigeria, which is six times longer than that of its rival oil producer in Africa, Angola. Former President, Nigerian Society of Chemical Engineers, Dr. John Erinne, has also confirmed this challenge. He told this newspaper on the side-line of Second National Oil and Gas…

Read More

Chibok girls, the mirror in our faces

As we remember the girls captured in Chibok three years ago, we must remember that they constitute only a fraction of the victims of the Boko Haram insurgency. I would urge Bring Back Our Girls (BBOG), while you keep this issue of Chibok on the table, to broaden your message to cover all girls and boys abducted by Boko Haram, and also draw attention to the condition of girls and women in our society in general. To give you an idea of the extent of this problem, as at today,…

Read More

Fidelity Bank customers win N9m in promo draw

Winners have emerged in the seventh edition of Fidelity Bank Plc’s Get Alert in Million Promo draws held in various regions of the country. The winners, according to a statement, emerged from a transparent randomisation process, which was vented by the bank’s control team and witnessed by officials from Consumer Protection Council (CPC) and other stakeholders. Aside from other consolations prizes ranging from refrigerators to generating sets, the seventh edition of monthly draw saw four lucky customers from South/West, South/South, South/East and Abuja regions of the bank winning N1 million…

Read More