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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Dickson signs 2017 budget, education bill into law

Bayelsa State Governor, Seriake Dickson, has signed the 2017 Appropriation Budget of N243.2 billion and the Educational Development Trust Fund Amendment bills into law. It will be recalled that the governor proposed an educational trust fund bill to help the less privileged in the state acquire education. Assenting to the bills at the Government House, Yenagoa, the governor said the budget, christened “Budget of Repositioning for Consolidation,” was aimed at completing various ongoing projects in the state. Dickson, who noted that the government appropriated N111 billion for capital projects alone,…

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Sustained development for Etche

As at May 29, 2015 when the good people of Rivers State rightly expelled the All Progressives Congress ( APC) from government, the people of Etche Ethnic Nationality were one of the most neglected communities. They were denied developmental projects, appointments and respect from their own state government. Due to no fault of theirs, they were degraded to second class citizens in a state where they served as food basket and also have some of the critical oil producing communities. Their situation was worsened by the fact that Etche APC…

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UNILAG, students mourn Ogbeidi, HOD History dept

The management and students of University of Lagos (UNILAG), Akoka, Lagos are yet to recover from the shock of the sudden death of the Head of Department of History and Strategic Studies, Prof. Michael Monday Ogbeidi, whose news of his death threw the entire campus into mourning. Ogbeidi, a Professor of Business History at the Department of History and Strategic Studies and an alumnus of the university, was said to have died after a brief illness. The fond memories of the late lecturer, described as a ‘gentle and consummate teacher,…

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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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Umahi promises more dividend of democracy for Edda people

Governor Dave Umahi of Ebonyi State has promised the people of Edda in Afikpo South Local Government Area of the stateof more dividends of democracy even as he said that the people will not be left behind in his developmental strides. The governor while speaking on Easter Sunday at the country home of his friend and chieftain of the Peoples’ Democratic Party (PDP), Julius Amah Orji at Nguzu Edda, said the people were dear to his heart. He said it was the special love he has for his friend in…

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