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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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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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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Chibok girls, the mirror in our faces

As we remember the girls captured in Chibok three years ago, we must remember that they constitute only a fraction of the victims of the Boko Haram insurgency. I would urge Bring Back Our Girls (BBOG), while you keep this issue of Chibok on the table, to broaden your message to cover all girls and boys abducted by Boko Haram, and also draw attention to the condition of girls and women in our society in general. To give you an idea of the extent of this problem, as at today,…

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Fidelity Bank customers win N9m in promo draw

Winners have emerged in the seventh edition of Fidelity Bank Plc’s Get Alert in Million Promo draws held in various regions of the country. The winners, according to a statement, emerged from a transparent randomisation process, which was vented by the bank’s control team and witnessed by officials from Consumer Protection Council (CPC) and other stakeholders. Aside from other consolations prizes ranging from refrigerators to generating sets, the seventh edition of monthly draw saw four lucky customers from South/West, South/South, South/East and Abuja regions of the bank winning N1 million…

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