Tag Archives: NLNG

The Nigerian Maritime Administration and Safety Agency (NIMASA), has appealed the judgment of the Federal High Court Lagos in the matter between Nigeria Liquefied Natural Gas (NLNG), Attorney General of the Federation, Global West Vessels Specialists Ltd and NIMASA.  In a statement on Thursday, NIMASA explained that it filed the appeal with an application to stay the execution of the judgment and …

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The Management of Nigeria LNG (NLNG) has formally issued a demand notice for the sum of $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA).   According to NLNG, the sum represents the payments made under protest to the Agency by NLNG since 2013, as well as direct and shipping losses incurred by NLNG due to the …

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The Federal High Court sitting in Lagos today delivered judgment in favour of Nigeria LNG Limited (NLNG) in a case between the Company and the Nigerian Maritime Administration and Safety Agency (NIMASA) over applicability of NIMASA levies. NIMASA had alleged that NLNG was liable to pay  three percent gross freight  on its international inbound and outbound cargo, Sea Protection Levy, …

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The Nigeria LNG Limited, the biggest gas exporter in the country, said it earned a total of $4.723bn last year, the lowest in seven years. The company, which was created to harness the nation’s vast natural gas resources and produce Liquefied Natural Gas and Natural Gas Liquids for export, saw its revenue peak at $11.592bn in 2012. The NLNG is …

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Nigeria LNG Limited (NLNG) said its shipping operation is relying on the strategic deployment of skills and technology to power its transformation into a global maritime industry leader. The General Manager, Shipping, Capt Temilola Okesanjo, who disclosed this at the Multimodal (Logistics) West Africa Conference, the largest Transport & Logistics Exhibition in West Africa, in Lagos, said the company provides …

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Nigeria Liquefied Natural Gas Company (NLNG) could unlock three times as much gas as the country’s proven reserves and create hundreds of thousands of jobs if it goes ahead with a proposed expansion plan, it said on Wednesday. NLNG, often cited as a successful public private partnership, is a venture between state-owned Nigerian National Petroleum Corporation (NNPC), Royal Dutch Shell, …

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Assets Sale: Not Intention To Buy Any, Even On Credit – Dangote Declares President/Chief Executive of Dangote Group, Alhaji Aliko Dangote, has denied insinuations that his call for the sale of some national assets was aimed at buying them over. Dangote, who spoke in an exclusive interview with THISDAY, stressed that if the Nigeria Liquefied Natural Gas (NLNG) Company or …

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Pastor Tunde Bakare opposes sale of national assets Dayo Emmanuel   While the debate on possible sales of national assets to help the nation out of recession continues, one Nigerian opposed to the proposal is Lagos Pastor and Activist, Dr. Tunde Bakare. Bakare in his sermon today at his Later Rain Assembly, Lagos, said “Some people are saying they want …

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  Labour Vows To Resist Sales of National Assets The Nigeria Labour Congress (NLC) will resist clamour in some quarters to sell national assets such as the Nigeria National Petroleum Corporation (NNPC) and Nigeria Liquefied National Gas (NLNG), factional President NLC, Joe Ajaero has said. According to a statement, Ajaero said: “Congress views with utmost apprehension the recent call on …

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    The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has advised the Federal Government against advice from some Nigerians to sell the multi-billion dollar Nigeria Liquefied Natural Gas Limited (NLNG) to raise funds for the ailing economy. While the Federal Government thinks through plans to raise between $10 and $15 billion  (about N4.72 trillion) to boost the economy, prominent …

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