Business Hilights

Tracking Nigeria's Headline Business News Online

Tony Attah

NLNG fights Reps back, denies alleged $1.05bn illegal withdrawal

The management of NLNG Limited and the Managing Director/Chief Executive Officer, Tony Attah, has reacted to the ongoing probe of alleged withdrawal of $1.05bn by the Nigerian National Petroleum Corporation (NNPC). In a statement weekend, NLNG averred that its attention…

Just in: Final Investment Decision on $10bn NLNG Train 7 taken in Abuja

Fresh boost today, December 27, 2019 emerged for the Nigerian gas sector following the successful Final Investment Decision (FID) for Train 7 Project of the Nigeria LNG Limited (NLNG) in Abuja. The construction period after FID will last approximately five…

FID on Train 7 project just days away— NLNG boss, Attah

The management of the Nigerian Liquefied Natural Gas (NLNG) has told Nigerians and industry stakeholders’ that all is getting set for the Final Investment Decision (FID) on its capacity expansion project, the Train 7 project. Speaking at the ongoing 9th…

NLNG to appear before Senate for local content details on $10bn Train 7 scheme

Once the Final Investment Decision (FID) on the Train 7 Project of the Nigeria LNG Limited is taken, the Nigerian Senate will invite the Managing Director, Mr. Tony Attah to provide details on the local content compliance. This was the…

Why NNPC, NLNG sealed $2.5b deal to supply gas to Trains 1 to 6

More details emerged weekend on why the Nigerian National Petroleum Corporation (NNPC) Friday last week, consummated a $2.5 billion pre-payment agreement with the Nigeria Liquefied Natural Gas (NLNG) for upstream gas development projects to supply gas to Trains 1 to…

NLNG announces Jude Idada winner of 2019 $100,000 Literature Prize

On the bills of Nigeria LNG Limited, the Advisory Board for The Nigeria Prize for Literature, weekend announced Boom Boom, authored by Jude Idada as the winner of the $100,000 prize for the 2019 cycle on Children’s Literature. Results of…

Good news as NLNG gets guarantees for off takers, GFS supply on $7b Train 7

Fresh success story has emerged on the planned $7 billion Train 7 project as the Nigerian Liquefied Natural Gas Limited (NLNG) has effectively secured guarantees for gas feed supply (GFS) and off takers. Business Hilights recalls that ahead of build-up…

Cooking gas price to crash by 20% as NLNG invest N150m in Jetty upgrade

Barring last minute hitches on the planned injection of about N150 million towards jetty upgrade in Apapa by the Nigerian Liquefied Natural Gas (NLNG) Limited, there are indications that ex-depot price of Liquefied Petroleum Gas (LPG) which is cooking gas…

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…

NLNG links 50% drop in dividends to militancy, oil price crash in 2016

The management of Nigeria Liquefied Natural Gas (NLNG) has given insights on why dividends payments to the federal government ebbed last year when compared to 2015. The Managing Director of the group, Mr. Tony Attah while rolling out figures and…