Tag: NLNG
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FG presents Tax Credit Certificates to Dangote Cement, NLNG
The Federal government on Tuesday handed over the first batch of tax credit certificates to the managements of Dangote Cement plc and Nigeria LNG Limited (NLNG). The certificates were presented to the companies in line with Executive Order #007 on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme. Recall that President Muhammadu Buhari…
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SEC in talks with NNPC, NLNG, foreign firms on possible NSE listing
The Securities Exchange Commission (SEC) has disclosed that it has started discussions with some big wigs in the oil and gas sector which includes the Nigerian National Petroleum Corporation (NNPC) and the Nigeria Liquified National Gas (NLNG) to list their shares on the Nigerian Stock Exchange (NSE). This disclosure was made by the acting Director-General…
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NLNG/NIMASA: Dakuku hails Appeal Court judgement
…Affirms Agency’s Confidence in Judiciary The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has hailed the appeal court judgement in the case between the Agency and the Nigerian Liquefied Natural Gas (NLNG) Limited over levies payable to the maritime regulator, saying it has reaffirmed confidence in the Judiciary.…
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NNPC confirms withdrawing $1.05b from NLNG dividend account, explains why
The Nigerian National Petroleum Corporation (NNPC) has explained why it withdrew $1.05billion from the Nigeria Liquefied Natural Gas (NLNG) dividend account, stressing that Section 7 of the NNPC Act empowers it to make such withdrawals. The cash was used to support importation of premium motor spirit (PMS) or petrol, which is highly subsidised at the…
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How NNPC, Finance Minister withdrew $3.12b from NLNG account – CBN
Twenty-two withdrawals totalling $3.12 billion were made from the Nigerian Liquefied Natural Gas (NLNG) dividends account domiciled in the Central Bank of Nigeria (CBN) in the last three years. This is according to documents submitted to the Senate Committee on Gas Resources by the CBN in Abuja on Thursday. Chairman of the committee, Bassey Akpan,…
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Senate’ll probe NNPC’s diversion of NLNG dividend – Saraki
President of the Senate, Dr. Abubakar Bukola Saraki, has said that the Senate on resumption of plenary will further probe the claims made before the Senator Ahmad Lawan’s Adhoc Committee by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), on how and why the corporation was diverting the dividend from the Nigerian…
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FG denies plans to sell NLNG
The federal government on Tuesday, denied that there were plans to sell the Nigerian Liquefied Natural Gas Limited (NLNG). Minister of State for Petroleum Resources, Ibe Kachikwu, debunked the allegation during an investigative hearing by House of Representatives Committee on Gas Resources and Allied Matters in Abuja. Kachikwu, who was represented by Director, Gas Resources…
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Buhari congratulates NLNG on signing of FFED contract
President Muhammadu Buhari has congratulated the management and shareholders of the Nigerian Liquefied Natural Gas company (NLNG) on the signing of the contracts for the Front End Engineering Design (FFED) of Train 7 of the NLNG Project. The President’s congratulatory message was contained in a statement by his Senior Special Assistant on Media and Publicity,…
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NNPC boss commends NLNG N1.98 trn shareholders loan repayment
The Nigerian National Petroleum Corporation (NNPC), has commended the Nigeria LNG Limited (NLNG) on its successful repayment of 5.45 billion dollars (N1.98 trillion) loan on Train 1 to 6 investments. Mr Andy Odeh, the Manager, Communications and Public Affairs of NLNG said Dr Maikanti Baru, the Group Managing Director of NNPC made the commendation in…
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Reps demand CBN’s audited accounts, place hold on FG’s proposed sale of NLNG
The House of Representatives on Wednesday asked the Federal Government to suspend its planned sale of the Nigerian Liquefied Natural Gas Limited (NLNG). It described the NLNG as one of the most successful and lucrative investments of the government, which should be left to run as a major public asset. Nigeria has 45 per cent…