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3 important things we can expect from the Technology and Creativity Advisory Group

3 important things we can expect from the Technology and Creativity Advisory Group

In June 2018, the Nigerian Vice President, Yemi Osinbajo inaugurated the Technology and Creativity Advisory Group, as part of the Industrial Policy and Competitiveness Advisory Council that was set up by President Muhammadu Buhari in 2017. In his remarks during the inauguration of the group, the vice president affirmed that it would enable stakeholders to… READ MORE

NNPC, Dangote, BlackRhino JV firm Qua Iboe Power Plant Ltd to begin work in A. Ibom

Akwa Ibom State Government has concluded arrangement for the establishment of a new electricity generating company, Qua Iboe Power Plant Ltd. Governor Udom Emmanuel made this known while fielding questions from Government House Correspondents shortly after a meeting at his office with the investors on the power plant project. The project, governor Udom said is… READ MORE

NLNG seeks $7bn for sustainability and Train 7 expansion

In the build-up towards Final Investment Decision (FID) later in 2018, Nigeria LNG Limited (NLNG) is seeking $7 billion from the global financial markets for the sustainability of its operations and expansion project which will increase its production capacity from 22 Million Tonnes Per Annum (MTPA) to 30 MTPA. NLNG is a private limited liability… READ MORE

oil refinery : Dangote signs $650m Afreximbank loan

oil refinery : Dangote signs $650m Afreximbank loan

Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. Cairo-based Africa’s trade bank also signed a $750 million facility… READ MORE

What gas industry trends will be seen in 2018? – Maersk Oil expert identifies 4 key trends for 2018 gas market with focus on oil, LNG, corporate and pricing restructuring

What gas industry trends will be seen in 2018? – Maersk Oil expert identifies 4 key trends for 2018 gas market with focus on oil, LNG, corporate and pricing restructuring

Four notable trends have been identified for the gas industry in 2018 focusing on dynamic gas pricing, consolidation and corporate restructuring, the increasing globalization of gas markets and the change of LNG usage, Mark Simons, head of Global Gas Trading at Maersk Oil said on Friday. Simons told Gastech, an online energy discussion platform, that… READ MORE

NNPC Signs Agreement With Shell, Seplat, Oando, Others To Implement $3.7bn Gas – Business –

NNPC Signs Agreement With Shell, Seplat, Oando, Others To Implement $3.7bn Gas – Business –

The Nigerian National Petroleum Corporation (NNPC) Monday sealed an agreement with Shell Petroleum Development Company (SPDC), Seplat Petroleum Development Company Plc, Oando Plc and other partners on the implementation of seven critical gas development projects worth $3.7 billion to bridge the gas supply shortfall in the domestic market. This development came as crude oil prices… READ MORE

Zero Motorcycles introduces electric motorcycle models into Nigerian market

Zero Motorcycles introduces electric motorcycle models into Nigerian market

The Chairman of Zero Motorcycles Nig Ltd, Mr Abayomi Ogunsola, has called for the usage of Zero Electric Patrol motorcycles by law enforcement agencies in the country. According to him, the overall benefits of these motorcycles far outweigh any comparative fossil fuel models and would indeed help the various authorities enhance their provision of a… READ MORE