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Post by Ogbeni Ogunnaike on Jan 31, 2016 15:18:30 GMT
They are kuku there in Igbesa. They are producing some products already, but not yet living up to their fullest potential.
Smh! Olokola too the same thing
Nothing is really happeninglooool.... Nothing is happening in Olokola at all These people are actually engaging in production, just that they could do more by expanding, thats what I mean.
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Post by dansoye1 on Feb 5, 2016 18:41:45 GMT
Shell postpones FID on $12bn Nigerian Bonga S’West projectGlobal oil giant, Royal Dutch Shell, has announced the postponement of the final investment decision on the $12bn Bonga South-West project in deep-water Nigeria amid the sustained drop in oil prices, The Punch reports. The company on Thursday announced that its adjusted profit fell by 56 per cent in the fourth quarter of 2015 compared to a year earlier, while its earnings fell by 80 per cent to $3.84bn, compared to $19bn in 2014. The Chief Executive Officer, Royal Dutch Shell Plc, Ben van Beurden, said “For 2016, we have exited the Bab sour gas project in Abu Dhabi, and are postponing final investment decisions on LNG Canada and Bonga South West in deep-water Nigeria. Operating costs and capital investment have been reduced by a total of $12.5bn as compared to 2014, and we expect further reductions in 2016”. The Shell Nigeria Exploration and Production Company Limited, which operates the Bonga field, had in February last year restated its commitment to the implementation of the SNEPCo-operated Bonga South West/Aparo project, denying reports that it had stopped the development due to the slump in oil price. energymixreport.com/shell-postpones-fid-on-12bn-nigerian-bonga-swest-project/
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Post by Honorebu on Feb 8, 2016 20:05:17 GMT
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Post by Honorebu on Feb 8, 2016 20:06:10 GMT
omohayek 's best friend is trying to impress him
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Post by Honorebu on Feb 8, 2016 20:10:20 GMT
dansoye1 that Bonga South-west is not South-west Nigeria ooo
It's the South-western part of the Niger-Delta
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Post by omohayek on Feb 8, 2016 20:12:28 GMT
omohayek 's best friend is trying to impress him The man is still a greedy monopolist, but at least he's building his plants in our region!
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Post by dansoye1 on Feb 9, 2016 17:13:56 GMT
Honorebu, I know the oilfield is in the Niger Delta blocks which Ondo state is part of. Here is the location map.
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Post by Honorebu on Feb 9, 2016 17:22:41 GMT
Honorebu , I know the oilfield is in the Niger Delta blocks which Ondo state is part of. Here is the location map. Hmmmn I think Bonga itself is a name of a place in the South-western part of Niger-delta
I don't know the exact state but I don't think it's Ondo
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Post by dansoye1 on Feb 9, 2016 17:31:34 GMT
Honorebu, I never asserted that Bonga is in Ondo state but rather alluded Ondo state is part of Niger Delta which is why I posted that.
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Post by Honorebu on Feb 9, 2016 17:33:11 GMT
Honorebu , I never asserted that Bonga is in Ondo state but rather alluded Ondo state is part of Niger Delta which is why I posted that. Oooohkay.I don't know whether that news story fits in tho but you can leave it
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Post by dansoye1 on Feb 9, 2016 17:39:09 GMT
Honorebu , I never asserted that Bonga is in Ondo state but rather alluded Ondo state is part of Niger Delta which is why I posted that. Oooohkay.I don't know whether that news story fits in tho but you can leave itOk.
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Post by Ogbeni Ogunnaike on Mar 14, 2016 20:49:07 GMT
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Post by Honorebu on Mar 18, 2016 12:52:06 GMT
Lagos Stock Market Indices Appreciate By 0.08%
Market indices at the Nigerian Stock Exchange (NSE), on Thursday recorded marginal increase of 0.08 per cent, reversing a three-day downward posture. The News Agency of Nigeria (NAN) reports that the All-Share Index increased by 21.55 points to close at 25,679.03 points from 25,657.48 points achieved on Wednesday. Similarly, market capitalisation which opened at N8.83 trillion rose by N8 billion to close at N8.83 trillion. Nigerian Breweries recorded the highest price gain to lead the gainers’ table, appreciating by N3.95 to close at N100 per share. Dangote Cement followed with N1 gain to close at N165 per share, while NAHCO garnered 9k to close at N4 per share. UBA inched 7k to close at N3.67 per share, while Fidelity Bank appreciated by 5k to close at N1.23 per share. Conversely, Guinness topped the losers’ chart, dropping by N1.51 to close at N107.99 per share. Breakdown of the losers showed that PZ Industries lost 96k to close at N24.04 per share, while ETI dipped 45k to close at N15 per share. Berger Paints shed 41k to close at N9.01 per share and National Salt dropped 40k to close at N7.60 per share. Also, the volume of shares traded closed higher with an exchange of 6.87 billion shares valued at N7.68 billion transacted in 3,632 deals. NAN reports that this was against 4.34 billion shares worth N4.69 billion traded in 4,125 deals on Wednesday. Wema Bank was investors’ delight with a total of 6.67 billion shares worth N6 billion. It was trailed by FBN Holdings which accounted for 44.67 million shares valued at N161.82 million, while Zenith Bank sold 31.74 million shares worth N391. 97million. UBA exchanged 21.62 million shares valued N77.27 million while Access Bank traded 18.79 million shares worth N79.27 million. (NAN) Naija247
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Post by Honorebu on Mar 19, 2016 9:34:07 GMT
LADOL to invest extra $5b in Lagos
Buhari commends firm for strategic investment The Managing Director of Lagos Deep Offshore Logistics base (LADOL), Dr. Amy Jadesimi, has outlined plans to attract $5billion investments into the country in the Lagos Free Trade Zone. Jadesimi, who spoke yesterday in Abuja at the sixth African Petroleum Congress and Exhibition (CAPE VI) organised by the African Petroleum Producers Association (APPA), said, given the spate of growth at the zone, “the success of LADOL has attracted new investors to Nigeria who are partnering with credible Nigerian investors leading to the creation of dozens of similar facilities.” In her paper, titled,’Driving Economic Growth through Local Private Sector Investments in Nigeria,’ she said in 2010 alone, 130 oil rigs were towed from Wes Africa across the Indian Ocean to the Far East for repairs, adding, “with LADOL and similar facilities now on ground, more of such ventures would be done in Nigeria thereby saving the country avoidable capital flight.” At the event, President Muhammadu Buhari identified the unique contribution of LADOL as one of the strategic investments in the country that currently drives the nation’s economy. Buhari spoke when he declared open the APPA event. Represented by Vice President Yemi Osinbajo (SAN), Buhari identified LADOL, which has invested over $600million in private investment, as one of the companies that is currently adding the most value to the Nigerian economy through its ingenious investments. While lauding the efforts of the indigenous organisation in building economic growth, the President also commended Samsung Heavy Industries (SHI), which is currently building one of the world’s largest oil platforms at the LADOL base in Tarkwa Bay, Lagos. The LADOL/SHI project referred to as Egina Floating Production Storage and Offloading (FPSO) platform and valued at $3.8billion is said to be first of its kind to be built in sub-Saharan Africa. Buhari who urged other investors to emulate the LADOL example, said African countries should develop ingenious ways of promoting value addition and investments through sustainable policies in local content. Reports indicate that through the LADOL/SHI FPSO project, the industry has been boosted with 5,000 direct jobs and over 50,000 indirect employments by leveraging on the Local Content Act 2010. Appraising the local content achievements of the organisation, the president said: “A common approach to local content will ensure that the whole of Africa benefits from economies of scale associated with our vast resources.” President Buhari noted further that ongoing mega projects such as the LADOL/SHI Oil Platform; the General Electric Service Centre for Manufacturing Rotating Equipment in Calabar; and the Dangote Refinery in Lagos are some of the most strategic investment to an emancipated African economy. The President who described LADOL industrial free zone in Lagos – a wholly indigenous, privately developed and hosting the largest shipyard in West Africa allied with the Samsung FPSO integration yard at the base, said the joint venture will aid Nigeria’s quest for her pride of place as a leading world economy. The President stressed that the continent must recognize that the development of domestic refining capacity in the oil and gas sector would remain critical to sustainable economic growth. He also noted that Nigeria, which recently announced a new timeline to end gas flaring at her oil fields, was on course to see this out. $5b in Nigeria The Nation
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Tahir Marfani
Omo Egbe Tuntun
Live Healthy & Active Lifestyle
Posts: 4
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Post by Tahir Marfani on Mar 21, 2016 11:42:29 GMT
I truly do wish that Dangote employees the locals during this space, rather than migrant men. As well as partaking in numerous population comes for locals.
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