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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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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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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Expect war in Rwanda, Amiesimaka tells Rivers

Nigerian football legend, Adokiye Amiesimaka, has warned Rivers United to be prepared for a stiff challenge when they face Rwandan club, Rayon Sports, in the second leg of the CAF Confederation Cup playoff tie. The Nigerian club eased to a 2-0 win in the first leg at the Yakubu Gowon Stadium, Port Harcourt on Sunday to put themselves in the box seat for qualification for the group stage of the competition. “First, I want to say congratulations to Rivers United FC of Nigeria for an encouraging performance (on Sunday),” Amiesimaka…

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NMRC, developers laud Nigeria’s House Price Index

The Nigerian Mortgage Refinance Company (NMRC) and developers of Lekki Gardens have thrown their weight behind the takeoff of Roland Igbinoba House Price Index (RI), the first in the country. Executive Director of NMRC, Mr.Kehinde Ogundimu, who represented his managing director, gave insight into the usefulness of a house price index in Lagos. He pointed out that absence of useful data had been a major challenge to government, home seekers and investors in the drive to make decision about housing market. He lauded President of Pison Housing Company, Mr Roland…

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When a federal minister overreaches

People who do not know me erroneously think that it’s possible for any hirelings or whosoever to stop me by any means – whether through abuse or attack or howsoever – from talking or writing about my state and community of birth. No, it’s not possible. The more they abuse and attack me, the more I know that I’m making a valid point. Today, I’ll talk about an arrogant and despotic brother, his Hobbesian disposition, unlawful trespass to land, and illegal arrests and detention of innocent youths from our town…

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Ethiopian Airways, first plane to land in Abuja, as airport reopens

The Nigerian Airspace Management Agency (NAMA) will today begin the calibration of the Nnamdi Azikiwe Airport, Abuja in readiness for resumption of flight operations, according to its Managing Director, Capt. Fola Akinkuotu. The resumption of flights today would come ahead of tomorrow’s deadline. T his is coming as Ethiopian Airways flight would be the first airline to land on the rehabilitated N5.5billion runway. The airline’s is slated to arrive at 11am today. The carrier was the only one that operated to Kaduna airport in its brand new B787, otherwise known…

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