$100m oilfield chemical investments at risk

The over $100 million investments in oilfield chemical sub-sector of Nigeria’s oil and gas industry is on the brink of collapse, New Telegraph has learnt. Investigations revealed that stakeholders in sub-sector are rising against this major threat to business exasperated by longerthan- necessary tendering cycle in Nigeria, which is six times longer than that of its rival oil producer in Africa, Angola. Former President, Nigerian Society of Chemical Engineers, Dr. John Erinne, has also confirmed this challenge. He told this newspaper on the side-line of Second National Oil and Gas…

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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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N’Korea missile launch attempt fails

  North Korea has failed to launch a missile on its east coast, South Korean and US military officials say, a day after Pyongyang warned the US amid rising tension in the region. The US said a ballistic missile exploded within seconds of the launch. Hours earlier, North Korea paraded what appeared to be long-range ballistic missiles at a major military display. It has already conducted five nuclear tests and a series of missile launches in contravention of UN resolutions. The latest development comes as US Vice-President Mike Pence heads…

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Ikoyi billions: Wike, CNPP accuse FG of plotting cover up

Nyesom Wike

Rivers State Governor, Nyesom Ezenwo Wike has described as unfortunate the desperation of the Federal Government to cover corruption simply because her principal financial sponsor is involved. Briefing Rivers Christian leaders on the development at the Government House, Port Harcourt on Saturday, Wike stated that the Rivers State Government is not interested in the prosecution of the immediate past Governor, Rotimi Amaechi, but simply seeking the return of funds belonging to the state. He said that the should the Federal Government return the stolen resources domiciled by the Former Governor…

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FG, Agro dealers bicker over N66bn debt

We ‘ve paid N20bn – Govt We’ve not received a kobo-Dealers There is confusion over the alleged N66 billion debt the Federal Government is reportedly owing the agro dealers and suppliers that participated in the Growth Enhancement Scheme (GES). The Ministry of Agriculture has said that it has paid over N20 billion of the debt to the agro dealers and suppliers that participated in the scheme. Speaking with Sunday Telegraph in a telephone interview, the Director of Agribusiness, Ministry of Agriculture and Rural Development, Engineer Ohiari Badmus Jatto, said that…

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Man handcuffs wife to generator overnight

The police in Ogun State have arrested a 37-year-old man, Ifeanyi Ajaero, for allegedly chaining his wife to a generating set. The suspect was said to have used a handcuff to chain Obiageli, 28, to the generator till day break after he seriously battered her. The incident, according to the Police Public Relations Officer, Abimbola Oyeyemi, happened at Ewooluwo Sagamu in Sagamu Local Government Area of the state. Oyeyemi, in a statement issued in Abeokuta yesterday, described the suspect as a member of the “already disbanded” Merchant Navy. He said…

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Dino Melaye survives gunmen attack

Senator Dino Melaye, escaped death by the whiskers as gunmen invaded his house in the early hours of Saturday at Ayetoro- Gbede in Kogi State. The News Agency of Nigeria (NAN) reported that the gunmen, numbering about 10, arrived the house at about midnight through the bush and opened fire from different directions on the house. The house was riddled with bullets while two of the vehicles parked in the compound were damaged by the hoodlums. It was disclosed that Melaye (APC-Kogi West) was in his country home at Ayetoro-…

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