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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La Liga: Granada suffer home loss, Valencia draw

    Granada’s slim hopes of launching a bid for La Liga survival under Tony Adams were further diminished as an under-strength Celta Vigo ran out 3-0 away winners on Sunday. Former Arsenal and England captain Adams took temporary charge until the end of the season earlier this week having previously worked at Granada as an adviser to Chinese owner Jiang Lizhang. Granada remain seven points off safety with just six games remaining. Adams named a side of 11 different nationalities and without a single Spaniard in his starting line-up…

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A dance macabre

Nothing seems interesting anymore about politics and governance in our nation. The political landscape has been unstable. Politicians, who once held sway in the supercilious Peoples Democratic Party (PDP) have begun their palongo (scattered legs) dance by taking shameless refuge in the tentative All Progressives Congress (APC), either for protection from the searchlight of the anti-graft agencies or for opportunities to seek elective and appointive offices. Governance, on the other hand, has been largely uninspiring and this is accentuated by the fact that a vast majority of Nigerians find it…

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EPL: Palace hold Leicester; Everton beat Burnley; Hull, Swansea lose

Crystal Palace edged further towards Premier League survival as they fought back from two goals down in an absorbing draw with Leicester at Selhurst Park. The Foxes took the lead on six minutes as the hosts’ lax defending allowed Robert Huth to rise and head in Christian Fuchs’ long throw. Leicester boss Craig Shakespeare had opted not to rest the majority of his stars before Tuesday’s Champions League return against Atletico Madrid, and was vindicated when Riyad Mahrez and Jamie Vardy combined to make it 2-0. The visitors broke from…

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