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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Federation Elections: Guidelines split aspirants, administrators

Sports administrators and aspirants into the boards of the National Sports Federations are sharply divided over the guidelines released for the forthcoming elections. The guidelines emerged after a stakeholders’ meeting with sports minister, Solomon Dalung, on Thursday where June 9 was also picked as the date for the polls. The guideline stipulated that people who have served two terms as presidents cannot contest while those who are either presidents or vice presidents of international sports bodies are not eligible to contest for federation presidency. A former member of the Nigeria…

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Ahmedu, Omotayo, Yusuf, call for NSC’s return

The President of the Federation of International Basketball Association, Africa Zone 3, Colonel Sam Ahmedu, athletics coach, Professor Seun Omotayo, and Former Secretary General of the Nigeria Football Federation, Tijani Yusuf, has called for the return of the National Sports Commission. The trio noted that sports had suffered a lot in the country and the only way forward was the return of the commission with top technocrats in charge. “The NSC must come back,” Ahmedu said. “This was part of the Recommendations of the National Sports Reform Committee. A bill…

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