Business
UTM Offshore FLNG Achieves Global Recognition as Top 20 Energy Project
UTM Offshore FLNG earns top 20 oil and gas project ranking in Sub-Saharan Africa, poised to boost Nigeria’s gas sector with its first floating LNG facility
UTM Offshore FLNG has been named among the top 20 oil and gas construction projects in Sub-Saharan Africa, a recognition that highlights its potential to reshape Nigeria’s gas industry and strengthen its global energy footprint.
Also read: Nigeria Oil Production 2025 Surges Past 1.8m bpd, Boosting Budget Hopes
The accolade was conferred by Adron Mason, a Washington DC–based policy analyst, who praised the project’s scope and expected impact.
Located offshore in Akwa Ibom State, the \$2 billion facility will process 324 MMSCF/D of natural gas and produce LPG, condensate, and 2.8 million tonnes of LNG annually.
Originally licensed in 2019 for 1.2 million tonnes per annum, capacity was expanded to 2.8 million tonnes in response to rising LNG demand.
Nigeria, with an estimated 200 trillion cubic feet of untapped gas reserves, aims to reduce reliance on oil and cut waste from gas flaring.
Also read: Nigeria Upstream Oil Resurgence Boosts Output, Revenue, Investor Trust
Founded by Julius Rone in 2012, UTM Offshore is spearheading Nigeria’s first floating LNG project, slated for commissioning in 2028, with first gas production expected in 2029.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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