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Techno Oil to Build Biggest LPG Terminal



techno oil
  • Techno Oil to Build Nigeria’s Biggest LPG Terminal

Techno Oil Limited and Cakasa Nigeria Company Limited have signed a deal for the construction of an automated Liquefied Petroleum Gas terminal in Lagos.

The 12,000 metric tonnes capacity project, financed by Access Bank Plc, would be the largest in West Africa, the companies said.

They said the facility, being built at the Kirikiri coastline, Apapa in Lagos, would boost the LPG storage and consumption in Nigeria.

The Managing Director, Techno Gas and Power, Mr. Collins Onyeama, said at a ceremony to sign the deal that the project would be completed in November 2017.

He said the project would be handled by Cakasa in partnership with a European firm that had handled similar facilities in Nigeria and other African countries.

Onyeama said that the Techno Oil Group was embarking on the project to boost the drive by the Federal Government to increase the consumption of the LPG, currently standing at about 400,000 metric tonnes every year in Nigeria.

He said the approval for the construction of the plant had been granted by the Department of Petroleum Resources and that necessary Environmental Impact Assessment had also been carried out.

Onyeama expressed optimism that the facility would be a game-changer in getting more Nigerians and other West African countries to embrace the LPG for cleaner, safer and healthier environment.

The Techno Gas MD said the company’s LPG cylinder manufacturing plant being built in Lagos had been slated for inauguration in February next year.

He said the company would commence the installation of 50 units of digital LPG skids at some filling stations next month to make more Nigerians to have easier access to the LPG plants.

Onyeama listed some challenges that had made it difficult for most Nigerians to embrace the LPG as inadequate public awareness on safety, limited refilling plants and high cost of imported cylinders.

He advised the government to use the National Orientation Agency to drive the campaign to encourage people to switch from firewood and kerosene to cooking gas.

“This will reduce the phobia and improve public awareness that the LPG is clean, safe and affordable, and expose the danger inherent in long use of firewood and kerosene,” Onyeama said.

He argued that although the use of cooking gas had increased by about 36.8 per cent in Nigeria in the past three years, over 90 per cent of households still relied on kerosene and firewood.

According to him, Nigeria still ranks lowest in sub-Saharan Africa in per capita usage of the LPG, consuming 1.1kg compared to Ghana’s 3.0kg consumption level.

The Managing Director of Cakasa, Mr. Yaro Balami, said his company had the capacity to build the plant, adding that more than 80 per cent of the tank farms in Nigeria were built by Cakasa.

He said that the company had been in the business of building oil and gas facilities for 42 years and praised Techno Oil for embarking on the project.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Transcorp Hotels Expand into Marketplace, Launches Aura to Connect People, Hoteliers, Others



Transcorp hotel

Transcorp Hotels Plc, on Thursday, announced it has launched a new digital platform, Aura, through which people can book accommodation, restaurants and experiences.

Aura, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.

It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc. Dupe Olusola said.

For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.

The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.

Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”

To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.

Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.


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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director




Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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