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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X-raying telecoms consumers’ worries

With telecoms regulator declaring 2017 as Year of Telecomms Consumer, mobile subscribers across networks have listed their current challenges regarding quality of service (QoS), which they want the Nigerian Communications Commission (NCC) to focus on. KUNLE AZEEZ reports     Over the last 16 years of telecoms deregulation, the number of mobile subscribers on various telecoms networks has grown significantly. From a paltry 500,000 mobile lines in 2001, the industry has grown to over 230 million connected lines with over 154.1 million of them active on their respective networks and…

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EPL: Palace damage Arsenal’s top-four hopes

  Arsenal produced another dreadful away performance in losing at relegation-threatened Crystal Palace 3-0 in the English Premier League on Monday, further damaging the team’s chances of qualifying for next season’s Champions League. Palace exploited Arsenal’s weakness and lack of leadership in defence, scoring in the 18th minute through Andros Townsend before midfielders Yohan Cabaye and Luka Milivojevic — from the penalty spot — added more goals in the second half. Arsenal, which has conceded three goals in each of its last four away games that have all ended in…

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Bundesliga: Lewandowski helps Bayern crush BVB

    Robert Lewandowski overtook Pierre-­Emerick Aubameyang in the race to be the Bundesliga’s top­scorer this season after netting twice in Bayern Munich’s 4­-1 thrashing of Borussia Dortmund on Saturday. Runaway league leaders Bayern dominated the clash of Germany’s giants and the win leaves them 10 points clear with six games left as Munich edge closer to a fifth straight league title. Lewandowski netted either side of half-­time at the Allianz Arena to leave him with 26 league goals this season ­­ one more than main rival Aubameyang who failed…

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Trump accepts Xi’s China invitation

  US President Donald Trump has accepted his counterpart Xi Jinping’s invitation to make a visit to China, said Secretary of State Rex Tillerson. Trump is hosting the Chinese president for a two-day visit at his Mar-a-Lago estate in Florida. Last year Trump said China had “raped the US” and vowed to brand the superpower a currency manipulator. But the meeting appeared to be diplomatic, with both leaders agreeing to a new format for US-China talks. Tillerson said President Trump’s trip to China would be a “state visit” in 2017,…

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FG to demarcate 6,000km cattle routes in 2017 – Official

The Federal Government yesterday said it would demarcate 6,000kilometres of cattle routes across the country this year. The National Coordinator, Grazing Stock Routes, Federal Ministry of Agriculture and Rural Development, Mahmud Bello, said this in an interview with News Agency of Nigeria in Mararaba Dajin, Tafawa Balewa Local Government Area of Bauchi State. “We are going to provide 6,000 kilometres of cattle routes across the country; we are going to open the primary routes first, while the state and local governments are expected to launch the secondary routes. “By the…

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