Connect with us

News

UTMFLNG, NLNG Among Nigeria’s Largest Projects Led by Julius Rone

Published

on

MDGIF Investment injects over N287bn into Nigerian gas projects, driving energy access, industrial growth, and sectoral development under PIA


MDGIF Investment has committed more than N287 billion to gas infrastructure projects nationwide, significantly advancing energy access, industrial growth, and strategic investment in line with the Nigeria Petroleum Industry Act.

Also read: Andy Odeh NNPCL Appointment Heralds Fresh Corporate Vision

Nigerian Midstream and Downstream Petroleum Regulatory Authority Chief Executive Farouk Ahmed, represented by Dr. Joseph Tolorunse, revealed the figure at the inaugural ECAN Energy Conference in Abuja, marking four years of the PIA.

He noted that the fund has supported 62 strategic projects across 16 companies and attracted an additional $500 million through a financing partnership with Afreximbank.

Ahmed highlighted notable sector achievements, including the introduction of 18 new regulations, automation of key processes, and increased crude supply to domestic refineries from 20,000 barrels per day in 2023 to over 40,000 bpd in 2025.

Similarly, PMS output from local refineries rose from 1.3 billion litres in 2024 to 3.8 billion litres in 2025.

Major PIA-backed initiatives include UTMFLNG, NLNG Train 7, the AKK and OB3 pipelines, Indorama Corporation, Waltersmith Group refinery expansion, and Supertech Innovation Labs’s methanol plant.

The Authority has also issued 10 gas distribution licences covering 692km of pipelines and 23 refinery establishment licences, expected to add 850,000 bpd of new refining capacity.

Also readNOG Energy 2025: Julius Rone Speaks on Strengthening Interconnected Gas Markets

The MDGIF Investment reflects Nigeria’s determination to strengthen its gas sector, enhance industrialisation, and create sustainable energy solutions for the nation.

37 / 100 SEO Score

News

Questions Trail Kano School Concession as Firm’s Whereabouts Remain Unclear

Published

on

By

Fresh concerns have emerged over compliance with a court order issued by the High Court of Kano State on April 8, 2026, restraining key parties—including the Honourable Minister of Education, the Kano State Ministry of Land and Physical Planning, the Kano State Urban Development Authority, and Pluck Global Company Limited—from further actions pending the determination of the matter before the court.

Findings indicate that while all parties—except the concessionaire, Pluck Global Company Limited—were duly served within two days of the order, significant challenges were encountered in effecting service on the company, raising troubling questions about its corporate traceability and regulatory vetting.

A review of the company’s records filed with the Corporate Affairs Commission (CAC) revealed addresses that could not be verified as functional business locations. Notably, documentation submitted to Federal Government College (FGC), Kano, dated June 20, 2024, listed two addresses: 8B, Lalupon Street, off Keffi Street, off Awolowo Road, Ikoyi, Lagos, as its head office, and 3 Bargery Road, Bompai, Kano, as its branch office.

However, a physical visit to the Ikoyi address revealed that the entire property is occupied by a company identified as Golden Alchemy, whose staff категорically denied any knowledge of, or shared occupancy with, Pluck Global Company Limited.

Efforts to trace the Kano address yielded even more unsettling findings. The location—a locked duplex—showed no visible signs of commercial activity. Neighbours, while reluctant to speak on record, alluded to irregular movements at odd hours, casting further doubt on the legitimacy of the premises as a corporate office.

In a twist, after multiple attempts to establish contact, an individual purportedly representing the company surfaced in Kano and agreed to receive and acknowledge the court order on April 11, 2026, at approximately 6:00 pm. Curiously, the Ikoyi address—already discredited—was again listed as the company’s official address in the acknowledgment.

These developments raise critical questions regarding due diligence and Know Your Customer (KYC) protocols on the part of the Federal Ministry of Education. They also cast a spotlight on the Infrastructure Concession Regulatory Commission (ICRC), should a concession agreement indeed have been executed with the company. Stakeholders say it would be instructive to review the addresses contained in all official correspondences and contractual documents linked to the transaction.

Meanwhile, a visit to the premises of Federal Government College, Kano, revealed ongoing construction activity, with workers observed excavating foundations. When approached, the workers declined to disclose the authority under which they were operating—despite the subsistence of a court order restraining further action.

Notably, a previously installed project billboard bearing the insignia of the school authorities and the Federal Ministry of Education had been removed. Sources within the institution suggest that the directive for its removal may have emanated from the Ministry following receipt of the court order.

The unfolding situation presents a complex mix of legal, regulatory, and accountability issues—raising the spectre of possible non-compliance with judicial directives, as well as deeper concerns about transparency in public-private concession arrangements.

48 / 100 SEO Score
Continue Reading

News

Hervé Renard Sacked by Saudi Arabia Weeks Before 2026 World Cup

Published

on

Hervé Renard

Hervé Renard Saudi Arabia sacked shock exit confirmed as French coach departs months before 2026 World Cup preparations

(more…)

71 / 100 SEO Score
Continue Reading

News

Lionel Messi makes landmark move, buying first football club in Spain

Published

on

Lionel Messi

Lionel Messi UE Cornellà takeover marks his first club ownership as Inter Miami star buys Catalan side in a major career milestone

(more…)

66 / 100 SEO Score
Continue Reading

Trending News