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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X-raying telecoms consumers’ worries

With telecoms regulator declaring 2017 as Year of Telecomms Consumer, mobile subscribers across networks have listed their current challenges regarding quality of service (QoS), which they want the Nigerian Communications Commission (NCC) to focus on. KUNLE AZEEZ reports     Over the last 16 years of telecoms deregulation, the number of mobile subscribers on various telecoms networks has grown significantly. From a paltry 500,000 mobile lines in 2001, the industry has grown to over 230 million connected lines with over 154.1 million of them active on their respective networks and…

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Stakeholders laud move to review port concession

Having operated the port for 10 years under the landlord model introduced in 2006, port industry operators have said that the reported plan by the management of the Nigerian Ports Authority (NPA) to review the programme would reposition ports to meet the envisaged targets and become the hub port in West and Central Africa sub-region. Importers, clearing agents and port users have lauded the plan, noting that it would revolutionise cargo clearance procedures, saying if properly implemented, the seaports will no longer see as storage facilities and warehouses but will…

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‘Stars playing for their City futures’

Manchester City manager Pep Guardiola warned his under-achieving squad that they are playing for their futures at the Etihad Stadium. The former Barcelona and Bayern Munich coach, tasked by the Abu Dhabi owners with establishing the club among Europe’s elite, has found his first season to be more demanding than he might have expected. City made an early exit from the Champions League last month, losing to Monaco in the last 16, the first time Guardiola has not reached the quarter-finals as a coach. Their 2-2 draw at Arsenal on…

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Fresh threat to CBN’s autonomy worries stakeholders

Although her aides deny she made the statement, the recent remark attributed to the Minister of Finance, Mrs. Kemi Adeosun, in which she reportedly called for a whittling down of the powers of the Governor of the Central Bank of Nigeria (CBN), continues to bother stakeholders in the financial sector. TONY CHUKWUNYEM writes Although her aides deny she made the statement, the recent remark attributed to the Minister of Finance, Mrs. Kemi Adeosun, in which she reportedly called for a whittling down of the powers of the Governor of the…

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Oil falls as investors cut bullish bets on worries over US output

Oil fell on Monday as investors continued to unwind bets on higher prices after record cuts last week because of concerns that growing U.S. oil output could hamper an OPEC-led deal on production reductions. Benchmark Brent crude futures were down 31 cents at $51.45 a barrel by 1409 GMT. U.S. West Texas Intermediate (WTI) crude futures fell by 52 cents to $48.26. “Speculative investors have thrown in the towel, it seems. We’ve got record selling in the week ending March 14 and the bleeding has not stopped yet,” said Carsten…

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