Connect with us

News

Tinubu Backs $5bn LNG Floating Project ahead of 2026 kickoff

Published

on

President Bola Tinubu, has backed the implementation of a $5bn floating Liquefied Natural Gas project expected to supply 40 per cent of the nation’s gas needs by Q4 2026.

The President gave his backing on Wednesday, when he received a group of joint venture partners consisting of UTM FLNG, TECHNIP Energies and JGC Corporation at the Presidential Villa, Abuja.

Leader of the delegation and Group Managing Director of UTM FLNG, Julius Rone, while addressing State House Correspondents at the end of the meeting, revealed that the multi-floating LNGs are being implemented with a $5bn loan from AFRIEXIM Bank.

Advertisement

According to Rone, the loan removes financing obstacles ahead of the 2026 kickoff.

READ ALSO: Canada, UK, Others Drag Iran To ICJ Over Jet Attack

He noted that Tinubu assured the ventures involved of his administration’s commitment to fully support the project because it aligns with his programme to revive the economy and provide more jobs.

Advertisement

He said, “The President has assured us of his full support. And he has said that if we encounter any obstacle to the implementation of this project, we should not hesitate to report back to him through the Chief of Staff.”

Rone noted that, when completed, the plant would satisfy 40 per cent of Nigeria’s LPG needs by producing 300,000 tons annually. It will also provide 7,000 direct jobs for citizens.

READ ALSO: Flood Alert: 14 States That May Experience Heavy Rainfall Soon – NEMA

Advertisement

He noted that this would be the first time in Nigeria that an indigenous company is involved in such a project that would help in decarbonisation.

The GMD said it would be the first floating LNG project in Nigeria and is expected to come on stream in Q4 2026.

Advertisement
Advertisement
Comments

News

Edo NLC Crisis: Caretaker Committee Drags Rival Exco, Govt To Court

Published

on

The division in the Edo State Council of the Nigeria Labour Congress (NLC), took a new dimension on Wednesday as Prof. Monday Monday Lewis Igbafen-led caretaker committee approached the National Industrial Court of Nigeria, Benin Judicial Division, seeking to affirm its authority and restrain a rival executive from parading itself as the council’s leadership.

Joined in the suit are the Edo State Government, the Commissioner for Labour and Productivity, and the Attorney-General and Commissioner for Justice.

In a suit marked: NICN/BEN/12/2026, and filed before the court in Benin, the claimant, Igbafen, acting for himself and on behalf of the NLC Caretaker Committee in Edo State, is challenging the continued occupation of the union’s secretariat and control of its assets by members of the Bernard Egwakhide-led factional State Executive Council.

Advertisement

READ ALSO:Edo NLC Divided Over May Day Celebration

The claimants are asking the court to declare that the caretaker committee (Igbafen-led faction), constituted on August 11, 2025, by the NLC national leadership, remains the only lawful authority to administer the affairs of the Edo State Council pending fresh elections.

They further seek a declaration that the continued occupation of the NLC secretariat located at No. 1 Teboga Road, Benin City, as well as the retention of union assets, financial records, and official instruments by the defendants, is illegal and void.

Advertisement

The suit also prays for an order of perpetual injunction restraining the defendants from parading themselves as officials of the NLC Edo Council or interfering with the functions of the caretaker committee.

In addition, the claimants are seeking a mandatory order compelling the defendants to immediately hand over the secretariat, vehicles, financial documents, cheque books, and all other properties belonging to the union.

READ ALSO:JUST IN: NLC Begins Meeting With ASUU, Other Unions Over Strike

Advertisement

The caretaker committee further urged the court to restrain the state government and its officials from interfering in the internal affairs of the union, alleging undue support for the dissolved executive.

The claimants further demand N50 million as general and exemplary damages against the defendants for alleged unlawful usurpation of office and acts prejudicial to the administration of the council.

According to court documents made available to our correspondent, the crisis followed the dissolution of the Edo State Council by the NLC National Executive Council on February 27, 2025, over allegations of misconduct, anti-union activities, and constitutional violations.

Advertisement

However, the matter has yet to be assigned a hearing date.

Continue Reading

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

on

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

READ ALSO:Film Premiere: Edo In Talks With Embassies To Promote Safe Migration —Agazuma

Advertisement

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

Advertisement

He has been a regular feature for Lazio this season.

Continue Reading

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

on

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

Advertisement

READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

Advertisement

“This contradiction will no longer be tolerated,” the statement said.

Continue Reading

Trending