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News Brief

News Brief
  FG Acquires N1.7bn Mobile Control Towers for Effective Airspace Coverage.

The federal government of Nigeria has acquired two mobile control towers worth N1.7 billion in order to further enhance coverage of Nigerias airspace and improvement of flight safety.
Senator Hadi Sikira, the Minister of Aviation, said that the equipment would be deployed to the Murtala Muhammed International Airport (MMIA), Lagos and the Nnamdi Azikiwe International Airport (NAIA), Abuja and any other airport that may require the facility.

Nigerian Petroleum Minister Timipre Sylva to lead Nigerian delegation to African Energy Week in Cape Town.

Minister of State for Petroleum of Nigeria, H.E. Chief Timipre Sylva, has confirmed his attendance at African Energy Week (AEW) 2021, on the back of several VIP confirmations; Under the minister’s leadership Sub-Saharan Africas leading oil producer is driving Africas energy future via large-scale gas development plans and progressive policy reform; H.E. Minister Sylva will lead a Nigerian delegation, including executives from the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR) to AEW 2021.

   FG to raise taxes from foreign tech companies operating in Nigeria — Osinbajo.

Vice President Yemi Osinbajo over the weekend at a meeting with the Chartered Institute of Taxation of Nigeria (CITN) President, Mr Adesina Adebayo, disclosed that the Federal Government plans to widen its tax bracket by collecting taxes from foreign tech companies with operations in Nigeria, which include the likes of Facebook, Google, and many others.

$12bn NLNG Train 7 targets gas flaring reduction, economic growth.

Nigeria’s economic landscape is prepared to witness a turnaround in a few years with the flag off of the Nigeria Liquefied Natural Gas (NLNG) Limited Train 7, a project that is said to help propel Nigeria as a major gas exporter and a fully industrialised nation.
Industry obsevers are positive that the project will help Nigeria increase its number six global ranking in gas production and first in Africa with the recent Final Investment Decision (FID) for the Nigerian Liquefied Natural Gas (NLNG) Train 7 project.

 Nigeria Accidentally Discovered 206tcf Gas Reserve — Sylva.

According to the Minister of State for Petroleum, Chief Timipre Sylva, Nigeria has accidentally discovered 206 trillion cubic feet of gas reserves while in search of crude oil.
Sylva, who disclosed this in Abuja at a News Agency of Nigeria (NAN) forum, said that the country could discover an additional 600 trillion cubic feet reserve to enable it achieve the desired development required of a gas nation.

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