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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Ogoni clean-up is all noise, says Niger Delta monarch

Chairman, Ogoni Council of Traditional Rulers, His Royal Highness, King Suanu Baridam, the Kasimene Bangha VII, yesterday said that the Ogoni cleanup exercise that was launched by the administration of President Muhammadu Buhari in the Niger Delta, was all noise as there was no sign to suggest that the government was serious with the exercise. Already, reports said some concerned citizens in the region would be filing legal action against the Federal Government at an Abuja high court today. Also, our visit to the devastated communities revealed so much worries…

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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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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…

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Ireland ahead of Nigeria in race for Man United’s youngster

The Nigeria Football Federation are lagging behind their Republic of Ireland counterparts in the race for the services of Manchester United wonderkid Ayodeji Sotona. The Football Association of Ireland have identified the talented winger as a future star and moved fast to cap him for their youth teams though he is eligible to represent Nigeria through his parents. Born 2003, Deji netted on his first start for the Republic of Ireland U-15 in their 1-1 draw with the Netherlands back in February. He began his career with Mullingar Athletic AFC…

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