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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Varsity, Bethel College sign MoU to run degree programmes

The management of Adekunle Ajasin University, Akungba Akoko (AAUA), has reiterated the university’s determination to sustain its position as a leading centre of excellence in academic and research in the country and the world in general. This was as the Vice-Chancellor, Prof. Igbekele Ajibefun pointed out that the university would not rest on its oars in sustaining excellence in all spheres of the university development. He, however, disclosed this while signing a Memorandum of Understanding (MoU) on affiliation agreement with the Bethel College of Education, a private institution located at…

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ICPC institutes anti-graft monitoring unit in EKSU

Towards building capacity for corruption-free and transparent system, the Independent Corrupt Practices Commission (ICPC) has inaugurated the Ekiti State University (EKSU) chapter of the Anti-Corruption and Transparency Monitoring Unit (ACTMU). The inauguration of the unit, according to the university, is in line with the vision of the Vice-Chancellor, Prof. Samuel Oye Bandele, to run a corruption-free system and transparent financial operations. The vice-chancellor, during his meeting with the unit, expressed satisfaction with the establishment and operation of the anti-corruption and transparency monitoring unit, even as he commended their efforts towards…

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Bida Poly students bemoan hike in hostel rent

Given the current economic recession facing the country, students of the Federal Polytechnic, Bida have lamented the hike in rent of houses within the polytechnic communities. The students, who expressed their dismay over the increment in house rent, said that the unexpected increase in the house rents in the polytechnic community was arbitrary. While saying that it had made life more difficult for students living in rented apartments off campus, a National Diploma (ND) II student of the Department of Mass Communication, Abdullateef Akanbi complained that “most landlords or house…

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College warns students against cultism, exam malpractice

Determined to enhance the academic quality of the college, the management of Isaac Jasper Boro College of Education, Sagbama, Bayelsa State has warned the students to steer clear of cultism, examination malpractice and other forms of anti-social behaviour that could truncate their education. According to the Provost of the college, Prof. Saviour Nathan Agoro, cultism has not only been outlawed in all higher institutions in the state under the Restoration Agenda of Governor Henry Seriake Dickson, but that there are also stiff sanctions for any student or group of students…

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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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