RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Buhari inaugurates $10 billion NLNG train 7 contsruction, warns against delay

Rate Captain by Rate Captain
June 16, 2021
in Business
Reading Time: 1 min read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

President Muhammadu Buhari, on Tuesday, flagged off the construction of the $10 billion Nigeria Liquefied Natural Gas (NLNG) train 7 project, asking for timely completion of the project.

Buhari, who performed the inauguration virtually from the Presidential Villa Abuja, said the early completion of the project located in Bonny Island, Rivers State, would see to the commencement of Train 8.

AlsoRead

CBN Directs International Money Transfer Operators to Open Naira Settlement Accounts with Local Banks

Central Banks Ramp Up Gold Purchases as Geopolitical Risks Fuel De-Dollarisation Drive

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

The President, while speaking during the groundbreaking ceremony, urged the Board of Directors, Management and Staff of NLNG, the host communities, the Rivers State Government, and other agencies of the Federal Government to continue to collaborate and ensure that the completion and eventual commissioning of the Train 7 project would be safe and on time.

Buhari said, ”As we flag off the Train 7 project today, I look forward to the development and execution of more gas projects by the International Oil Companies (IOCs) and indigenous operators, and more Trains from NLNG to harness the over 600 trillion cubic feet of proven gas reserves we are endowed with.

”Let me use this opportunity to commend the shareholders of NLNG, the Federal Ministry of Petroleum, NNPC and the NCDMB and other stakeholders for very exemplary collaboration which has culminated in this great opportunity for Train 7.

“I want to thank the foreign investors for the confidence reposed in Nigeria, and assure all Nigerians and potential investors in the Oil and Gas sector that the Federal Government will continue to create the enabling environment in order to develop the sector and bring the full benefits of Gas closer to our people.’’

Previous Post

Crude oil nears $75 amidst rising demand

Next Post

Travellers to access $4,000 as CBN boosts forex supplies

Related News

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Directs International Money Transfer Operators to Open Naira Settlement Accounts with Local Banks

by Stephen Akudike
March 25, 2026
0

The Central Bank of Nigeria (CBN) has issued a new directive requiring all International Money Transfer Operators (IMTOs) operating in...

Central Banks Ramp Up Gold Purchases as Geopolitical Risks Fuel De-Dollarisation Drive

by Stephen Akudike
March 25, 2026
0

Central banks worldwide are stepping up their gold-buying activities at a notable pace, with emerging market giants China and India...

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

by Stephen Akudike
March 10, 2026
0

Showmax, once positioned as Africa's homegrown challenger to global streaming giants like Netflix, has become a stark case study in...

FCMB Group Plc Reports Remarkable 108% Year-on-Year Profit Growth in 9M 2023

FCMB Group Completes N500bn Recapitalisation, Secures International Banking Licence

by Stephen Akudike
March 10, 2026
0

FCMB Group Plc has successfully met the Central Bank of Nigeria's (CBN) revised minimum capital requirement of N500 billion for...

Next Post

Travellers to access $4,000 as CBN boosts forex supplies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Blacklists Chronic Loan Defaulters, Bars Them from Banking Services

March 27, 2026
Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Cuts Petrol Gantry Price to N1,200 per Litre Amid Global Oil Uncertainty

March 27, 2026

Popular Story

  • NEC Affirms CBN $3 Billion Loan for Naira Stability

    CBN Blacklists Chronic Loan Defaulters, Bars Them from Banking Services

    0 shares
    Share 0 Tweet 0
  • Naira Strengthens 4.31% in February Despite Late-Month CBN Intervention

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Imported $3.74 Billion Worth of Crude in 2025 – CBN Data Reveals

    0 shares
    Share 0 Tweet 0
  • NGX Records 8.76 Billion Shares Traded in Three-Day Week as ICT Sector Dominates Activity

    0 shares
    Share 0 Tweet 0
  • Naira Strengthens to N1,355/$ on Monday, Marking Strongest Level in Four Weeks

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>