• I’m not interested in buying NLNG, other national assets even on credit, says Dangote

    I’m not interested in buying NLNG, other national assets even on credit, says Dangote

    Following the outcry that has trailed the advocacy for the sale of the country’s national assets as a quick measure to fund the 2016 budget and boost the country’s foreign exchange reserves, the President/Chief Executive of Dangote Group, Alhaji Aliko Dangote, has dismissed insinuations that his advocacy for the sale of the assets was self-serving, saying he was not interested in any of the assets.

    Dangote, who spoke in an interview, stressed that if the Nigeria Liquefied Natural Gas Company or […]

  • No government can sell NLNG, says David-West

    No government can sell NLNG, says David-West

    Former Minister of Petroleum and Energy, Prof Tam David-West, yesterday, flayed those clamouring for the sale of some national assets in order to get more money to inject into the economy with a view to getting out of the current recession.

    He described them as unpatriotic and enemies of Nigeria.

    In an interview with Newsmen in Ibadan, David-West said the clamour showed lack of understanding of the current economic quagmire. The former petroleum minister, who described oil and gas sector as the […]

  • UBA denies withholding NNPC/NLNG dollar deposits as CBN blacklists banks

    UBA denies withholding NNPC/NLNG dollar deposits as CBN blacklists banks

    The United Bank for Africa has denied that it is one of the nine banks that failed to remit the dollar deposits of the Nigerian National Petroleum Corporation and the Nigerian Liquified Natural Gas Limited.

     

    The Central Bank of Nigeria had on Tuesday listed UBA as one of the nine Banks that had failed to remit the deposits of the NNPC and NLNG based on the Treasury Single Account.

    The CBN said it was suspending the banks from further participation in its […]

  • Breaking!!! NLNG appoints Tony Attah as new MD & CEO, Babs Omotowa exits

    Breaking!!! NLNG appoints Tony Attah as new MD & CEO, Babs Omotowa exits

    According to reports reaching ADELOVE, the Nigeria Liquefied Natural Gas Limited (NLNG), on Thursday appointed Tony Attah, as its Managing Director and Chief Executive Officer.

    He takes over from Babs Omotowa, who has been in office since December 2011. NLNG General Manager, External Relations, Kudo Eresia-Eke, in a statement said Omotowa, will return to Shell International in the Hague, ‎Netherlands.

    “He leaves the company in a stronger position and well positioned for the next chapter of the company’s growth,” it said.

    The statement noted […]