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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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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AY Live: Celebrities, fans light up event

  Popular Comedian `AY`, real name Ayo Makun and his celebrity friends in the entertainment industry, thrilled their fans with a superlative performances in a live comedy show tagged `AY LIVE`. The News Agency of Nigeria (NAN) reports that, it was a pumped up night at the Eko Hotel and Suites, Lagos, venue of the staged show on Easter Sunday. From the biggest names in entertainment, corporate world to comedy and music lovers, all came to have a good Easter celebration time and party at the AYLIVE. The main venue,…

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UEFA League: Lewandowski set to face Madrid’s shaky defence

    Real Madrid’s struggling defence will probably have to keep Bayern Munich’s deadly striker Robert Lewandowski at bay in the Bernabeu to reach the Champions League semi-finals. Real will be defending a 2-1 lead from the first leg of the quarter-final, which the Polish hitman missed with the shoulder injury that also kept him out of the German side’s 0-0 draw at Bayer Leverkusen in the Bundesliga on Saturday. However, Lewandowski trained on Sunday and is poised to return as Bayern look for goals on Tuesday against a Real…

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Ohio police hunt Facebook Live killer

Police in Cleveland are searching for a man who fatally shot a “random” victim and posted the footage on Facebook. The suspect, Steve Stephens, later said in a separate video post that he had killed 13 people and was looking to kill more. Cleveland police chief Calvin Williams confirmed one killing but said they did not know of any other victims. Williams said that “multiple forces” were looking for Stephens, who “needs to turn himself in”. The victim has been identified by Cleveland police as 74-year-old Robert Godwin. “There is…

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