Even with the signing of the Nigerian Oil and Industry Content Development (NOGICD) Act of 2010, many Nigerian investors still exploit the old loopholes in the system to take advantage of this law.
Many Nigerians still parade foreign-owned companies as local …
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After seven months of fabrication and integration of modules, the $3.3billion Total Upstream Nigeria Limited’s Egina Floating Production Storage Offloading (FPSO) platform has finally departed the Lagos Deep Offshore Logistics (LADOL) base to the Egina deep-water oilfield yesterday.
The Egina...
The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina oilfield began to sail to the oilfield Sunday.
The FPSO departed LADOL Free Zone in Lagos to the offshore field, …
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The challenges facing investors operating in the Lagos free zone appear to be persisting despite last week’s intervention by Vice President Yemi Osinbajo.
The Vice President visited the....
Read more via Vanguard Newspaper – https://ift.tt/2vRWkHm
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