Expert: $1.5bn Lekki Deep Seaport Will Boost Nigeria’s Economy

Expert: $1.5bn Lekki Deep Seaport Will Boost Nigeria’s Economy

A maritime expert and professor at the Lagos Business School, Frank Ojadi, has called on the federal government to ensure perfect operations of deep seaports in the country, particularly the Lekki Deep Seaport in Lagos, which is expected to kick off in the next two years. Ojadi, who spoke on the imperatives of deep seaports […]

N264BN Finished Goods Exported From Lekki Free Zone in Three Years- LASG

N264BN Finished Goods Exported From Lekki Free Zone in Three Years- LASG

The Lagos State Government on Monday said over $735.8million (about N264billion) worth of finished goods have so far been exported from the Lekki Free Zone project in the last three years. Commissioner for Commerce and Cooperatives, Mrs Olayinka Oladunjoye who disclosed this at the annual Ministerial Press Briefing to mark the third anniversary of Governor […]

LASG: Lekki Deep Sea Port Won’t Become Another Apapa

LASG: Lekki Deep Sea Port Won’t Become Another Apapa

The Lagos State Government on Monday noted that Lekki Deep Sea Port would not create another Apapa, even though the port would attract at least 6, 650 articulated vehicles daily when completed by 2020.   Apart from its challenges it might create in the future, the state government put the value of finished goods exported […]

WAPCo to Buy Gas from Dangote Refinery for Regional Supply

WAPCo to Buy Gas from Dangote Refinery for Regional Supply

The West Africa Gas Pipeline (WAPCo) has embarked on alternative source of transporting gas from Republic of Benin, which is gradually becoming an oil-producing country, for other West African countries. The Guardian gathered that WAPCo has begun talks with Dangote Refinery to buy gas to bridge an estimated 300 million standard cubic feet of gas […]

Togolese President Visits Dangote Refinery Site in Ibeju Lekki Lagos

Togolese President Visits Dangote Refinery Site in Ibeju Lekki Lagos

Many parts of Lagos, the nation’s commercial nerve centre, were locked down yesterday as the state hosted the president of Togo, Faure Gnassingbe, who was on a visit to the $14 billion Dangote Refinery at the Lekki Free Trade Zone, Lekki. There was a heavy presence of security operatives that dotted the streets of Lagos, […]

Lagos releases N .698billion for Lekki Free Zone

Lagos releases N .698billion for Lekki Free Zone

The Commissioner for Commerce, Industry and Co-operatives in Lagos, Prince Rotimi Ogunleye, said a total of N698.47million has been so far released for infrastructural development in the Lekki Free Zone Development Company (LFZDC). Speaking during a business meeting with members of the Diplomatic Community at LFZDC recently, he said the Lekki investment hub is not […]

Dangote Refinery to Begin Operation in 2018

Dangote Refinery to Begin Operation in 2018

Dangote Group said the 650,000 barrels per day capacity Dangote refinery currently under construction in Lagos would come on stream by the end of 2018. Ahmed Mansur, the group’s Executive Director, Stakeholders’ Relations/Corporate Communications, announced this during a media parley in Abuja on Tuesday. He said this would ultimately end fuel importation. He said the […]

Osinbajo inspect Dangote refinery, raises hope on Nigeria’s refining capacity

Osinbajo inspect Dangote refinery, raises hope on Nigeria’s refining capacity

Vice President Yemi Osinbajo, yesterday, raised hope that by the first quarter of 2019 the nation’s refining capacity would be sufficient for the domestic market and export at the completion of Dangote refinery project in Lagos. Osinbanjo, who spoke yesterday during a brief visit to the Dangote refinery site in Lagos, was optimistic that the […]