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Golar to Establish LNG-to-power Projects In Nigeria

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  • Golar to Establish LNG-to-power Projects In Nigeria

A Liquefied Natural Gas (LNG) company, Golar LNG is set to expand beyond its core gas shipping and terminals business to a fully integrated gas and power projects in Nigeria.

Robert Carter, the Chief Commercial Officer, Golar, made known on Monday, that the company is in discussion with Nigerian authorities on setting up a power project, importing LNG with its vessels, utilization of domestic supplies of Liquefied Natural Gas and a fully integrated gas and power project.

“We’re in discussions with Nigerian authorities. We’re trying to develop a terminal there that could include the utilization of domestic LNG supplies,” Robert Carter said.

Golar LNG, aims to enlarge its operations beyond its key Liquefied Natural Gas shipping business to an LNG-to-power projects; the company already owns half of the $1.7 billion Sergipe power plant project in Brazil.

An LNG-to-power projects is made up of an LNG import terminal, such as a Floating Storage Regasification Unit (FSRU); this involves using pipelines for the regasification of gas and a gas feedstock power plant to produce electricity.

In an earlier statement, the Lagos State Commissioner for Energy and Mineral Resources, Mr Olawale Oluwo said that the state government is in negotiations with Golar LNG as regards to power projects and targets up to a 3,000-megawatt power project.

“We have got very far with our negotiations with Golar LNG Ltd – a major supplier of energy – which particularly deploys FSRUs in Africa. We wanted the best supplier and in the case of Golar LNG Ltd, they gave us the option to either choose from the Golar Tundra, which was in Ghana earlier this year, or the Golar Spirit, which has finished its assignments in Brazil”. The commissioner remarked.

The Bermuda originated company, Golar LNG, has a fleet of 16 LNG carriers and 8 FSRU; the company targets a broader LNG business by carrying out the activities of power projects at the downstream and operating production facilities at the upstream.

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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director

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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

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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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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

JR Firms, an agribusiness firm with headquarters in Nigeria, has announced partnership with Sanit Wing Rwanda through the acquisition of 11 per cent stake in the company.

The CEO of the company, Mr Rotimi Olawale, explained in a statement that the partnership was in furtherance of its goals to ensure food security, create decent jobs and raise the next generation of agrarian leaders in Africa.

The stake was acquired through Green Agribusiness Fund, an initiative of JR Farms designed to invest in youth-led agribusinesses across Africa.

Sanit Wing Rwanda is an agro-processing company that processes avocado oil and cosmetics that are natural, quality, affordable, reliable and viable.

The vision of the company is to become the leading producers of best quality avocado and avocado by-products in Africa by creating value across the avocado value chain.

With focus on bringing together over 20,000 professional Avocado farmers on board and planting of three million avocado trees by 2025 through contract farming, the company currently works with One Acre Fund in supply of avocado to its processing facility.

The products of the company which include avocado oil, skin care (SANTAVO), hair cream and soap are being sold locally and exported to regional market in Kenya.

With the new partnership with JR Farms- the products of the company will enjoy more access to markets focusing on Africa and the European Union by leveraging on partnerships and trade windows available.

Aside funding, the partnership comes with project support in areas of market exposure, capacity building, exposure and other thematic support to grow the business over the next four years.

JR Farms has agribusiness operations in Nigeria, Rwanda, United States and Zambia respectively.

In Nigeria, the company deals in cassava value chain processing cassava to national staple “garri” which is consumed by over 80 million Nigerians on daily basis, while in Rwanda, it works in the coffee value chain with over 4,000 coffee farmers spread across the East Central African country.

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