Monday, December 15, 2025
26.4 C
Lagos

NLNG: No Flood Impact on Operations Nationwide

The attention of Nigeria LNG Limited (NLNG) has been brought to media reports, following the issuance of a statement declaring Force Majeure on Monday 17th October 2022, that operations at its facilities have been shut down due to flood. 

NLNG will like to clarify as follows: 

  • The Company’s plant is in operation though at a limited capacity, due to reduced gas supply from some of its upstream gas suppliers. 
  • None of NLNG’s assets on Bonny Island or in any of its host communities are impacted by the flood. The Force Majeure is as a consequence of a similar notice by Upstream Gas Suppliers due to the impact of flood in their production facilities. 
  • NLNG is working with all critical stakeholders on mitigating the impact on product deliveries.  
  • NLNG continues to supply LPG to the domestic market for now from the limited production. 

A statement by Mr. Andy Odeh, the General Manager, External Relations and Sustainable Development at NLNG says the NLNG continues to monitor the situation with Upstream Gas Suppliers and is evaluating the impact of the flood on its business.

 

spot_img
spot_img
spot_img

Hot this week

Diesel Supply Disruptions: Quality of Service Challenges in Abuja

The Nigerian Communications Commission (NCC) is aware of the...

FG to Empower Businesses with N1.4tn in 2026 via Tax Reform

Mr. Taiwo Oyedele, Chairman of the Presidential Committee on...

NCC Promises Seamless Quality of Service Despite Challenges in Abuja

The Nigerian Communications Commission (NCC) acknowledges the Quality of...

Stanbic IBTC FUZE Festival Returns with The Ultimate Show on Saturday, Dec 20

Stanbic IBTC, a member of Standard Bank Group, has...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

Topics

Banks, Telcos Disagreement Hindering Mobile Money Services

The inability of banks and telecom operators to agree on modalities for mobile money operations is hindering the potential of such transactions in Nigeria, compared to the acclaimed success of M-pesa in Kenya. Mobile money transactions need legislations and approvals from both the Central Bank of Nigeria (CBN) which regulates the banking sector and the Nigerian Communications Commission (NCC) that oversees telecom services in the country. Giving an insight into the success of M-Pesa in Kenya at the Commonwealth Broadband Forum 2015 in Abuja, Mr. Joseph Tiampati Musuni, Principal Secretary, Ministry of Information, Communications and Technology, Kenya, said their country experienced a similar Banks-Telcos disagreement at the outset of mobile money services in Kenya. But he added that the government was able to facilitate an amicable and working arrangement between them to pave way for roll-out of the service.

Global Airlines Financial Monitor: October 2016

The initial financial results from Q3 2016 point...

Hilda Baci Cook-a-thon 2023: 4.8bn Global Audience, Nigeria/USA Lead in Media Coverage

  Leading Media Intelligence Consultancy, P+ Measurement Services, conducted a media performance...

P + Measurement, Media Intelligence Firm Activates 19th EvaluatePR Forum

In its continuous quest to evaluate and sustain communication...

Ecobank Appoints Adjei as CEO for CESA Countries

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank...

The Promise of Digitalisation and Insurance Penetration in Africa

One of the major challenges of insurance business in...

NCC Opens Public Enquiry on 3 Regulatory Instruments

By Aminu Maida EVC/CEO of NCC I welcome you all to...

Nigeria’s 2023 Outlook and the Looming Danger

By Dr. Michael Owhoko I am neither a prophet nor...
spot_img

Related Articles

Popular Categories

spot_imgspot_img