NNPC, Partners Begin Construction of $500m Mini-LNG Plants in Ajaokuta Reveal five planned facilities have combined capacity of 97mmscf/d
Emmanuel Addeh in Abuja The Nigerian National Petroleum
Company Limited (NNPC) and its partners yesterday flagged off the construction of five mini-Liquefied
Ekpo says projects signify Nigeria's seriousness to deepen gas utilisation
Natural Gas (LNG) plants in Ajaokuta, Kogi State, with a total footprint of about $500 million.
The groundbreaking ceremony, the company said, signalled the commencement of construction works
on the five mini-LNG plants namely: NNPC Prime LNG, NGML/Gasnexus LNG, BUA LNG, Highland LNG
and LNG Arete. Continued on page 9
US Air Tragedy: Tinubu Mourns as All 64 Onboard American Airlines Jet Perish... Page 14 Friday 31 January, 2025 Vol 30. No 10890. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Tinubu: Positive Reports on Nigerians in Diaspora Will Inspire Younger Generation ... Page 14
Banks Lift Mareva on GHL Accounts as Oil Firm Moves to Challenge Authenticity of FBN’s Audited Account Used for Rights Issue Emmanuel Addeh in Abuja
It was another round of victory for General Hydrocarbons Limited (GHL)
yesterday as banks fully complied with the ruling of Justice Deinde Dipeolu of the Federal High Court, which on January 29 lifted the Mareva
injunction placed on the oil company’s accounts. The oil company also said that with the lifting of the Mareva Order
now behind it, it was going ahead to challenge the authenticity of the bank's audited account used for its recent rights issue.
In a statement made available to THISDAY, the management of GHL noted that despite all the falsehoods propagated by First
Bank; its Chairman, Femi Otedola; Managing Director, Olusegun Alebiosu Continued on page 9
Cardoso: Naira’s Recovery Attracting Foreign Investors Says inflation could have reached 42.81% by Dec. 2024 without CBN interventions, disinflation within reach, Bagudu hails synergy between fiscal, monetary authorities Adedeji: FIRS generated historic N21.6tn in 2024, eyes N25.2tn in 2025 Sets key deliverables for departments, says era of unproductiveness over Story on page 9
EXPLORING CAPITAL MARKET OPPORTUNITIES...
L-R: Chief Executive Officer(CEO), NGX Regulation Limited (NGX RegCo), Olufemi Shobanjo; CEO, Nigerian Exchange Limited (NGX), Jude Chiemeka; Group Chairman, Nigerian Exchange Group, Alhaji (Dr.) Umaru Kwairanga; Executive Governor, Katsina State, Dr. Dikko Umar Radda; Group Managing Director/CEO, NGX Group, Temi Popoola, and MD/CEO, Central Securities Clearing System (CSCS) Plc, Haruna Jalo-Waziri, during a Closing Gong Ceremony at the NGX in Lagos…yesterday