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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Economic recession: PDP asked to apologise to Nigerians, Buhari

An political group, Buhari Support Organisation (BSO), Enugu State chapter, has demanded an apology from the Peoples Democratic Party (PDP) over what it described as the damage inflicted on the Nigerian economy by the immediate past administration of Dr Goodluck Jonathan. BSO made the request while reacting to statement issued by the Ahmed Makarfi faction of the PDP on President Muhammadu Buhari’s Easter message. Speaking through its Publicity Secretary, Mr Eze Chibueze, the group said the PDP should rather apologise to Nigerians, instead of ‘insulting our collective intelligence with their…

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Furore over WAEC’s new examination diet

DISAGREEMENT Less than one week that the West African Examinations Council (WAEC) unfolded plans to introduce a new diet for external candidates, key stakeholders have faulted the move, kicking that it would not see the light of the day   While Nigerian students and their parents are yet to recover from the confusion generated by this year’s Unified Tertiary Matriculation Examination (UTME) registration, the West African Examinations Council (WAEC), last week, introduced a new diet in its examinations, which has continued to generate debate among stakeholders. With the new diet,…

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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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N’Korea threatens new missile tests

North Korea will continue to test missiles, a senior official has told the BBC in Pyongyang, despite international condemnation and growing military tensions with the US. “We’ll be conducting more missile tests on a weekly, monthly and yearly basis,” Vice Foreign Minister Han Song-Ryol told the BBC’s John Sudworth. He said that an “all-out war” would result if the US took military action. Earlier, US Vice-President Mike Pence warned North Korea not to test the US. He said his country’s “era of strategic patience” with North Korea was over. Pence…

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PDP to Buhari: Your scorecard is very poor

Oyegun: You’re talking nonsense   The People’s Democratic Party (PDP) has taken a critical assessment of the almost two-year-old All Progressives Congress (APC)-led Federal Government and returned a damning verdict: President Muhammadu Buhari has failed in every facet of the nation’s life. The party, which based its assessment on President Muhammadu Buhari’s Easter message to Nigerians, said Mr. President claimed achievements were insult to the intelligence of Nigerians who have been at the receiving end of his government’s mismanagement in the last two years. Spokesperson for the PDP National Caretaker…

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