Business Hilights

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NLNG

Is Nigeria losing out in continental gas business and investment share?

Recent observations that a lot of matured Nigerian gas projects had been idle over a period of time when activities in Africa’s gas sub-sector are jumping in multibillion dollar deals are becoming a source of worry for industry pundits. Currently,…

NLNG Train 7: Era of building modules abroad, shipping, coupling here over—NCDMB

The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote has disclosed that indigenous ingenuity of Nigerian oil and gas engineers has come of age to the extent that “The engineering, procurement and construction of the…

10 year wait for Final Investment Decision on Train 7 coming to end soon—NNPC

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has given fresh indication that the log wait for Final Investment Decision (FID) on Train 7 which had been on since 2008 would soon be over. Business…

Confusion as NLNG refute NEITI report, says no outstanding dividend to FG

Contrary to the earlier intelligence of the Nigerian Extractive Industries Transparency Initiative (NEITI) to the House of Representatives to probe the alleged loss of 15.9 billion dollars dividend accruing to the Federal Government from the Nigeria LNG Limited (NLNG), the…

Amended NLNG Act’ll present Nigeria as an unsuitable investments destination—NLNG

Quick reaction from the management of Nigeria LNG over the recent passage of a bill for the amendment of its NLNG Act by the House of Representatives has indicated that the move is not in national interest. The Federal House…

Price of cooking gas still high as Nigerians need 3m cylinders yearly – NCDMB

Contrary to claims by the managing director of Nigeria Liquefied Natural Gas (NLNG) that price of cooking will drop before the end of first quarter, checks by Business Hilights Economic Team over the weekend in parts of Abuja, Port Harcourt…