The Nigeria LNG Limited (NLNG), has warned that any amendments to the NLNG Act would lead to double taxation considering that gas suppliers to NLNG already pay the Niger Delta Development Commission (NDDC) 3 per cent levy. General Manager, Production, NLNG, Mr. Tayo Oginni, stated this while briefing international media correspondents and the Managing Director […]
Read More The Nigeria LNG Limited says it has no outstanding dividend payments to the Federal Government and continues to conduct its business in accordance with regulations and the laws of the Federal Republic of Nigeria. The company said in a statement on Sunday that its attention had been drawn to call by the Nigerian Extractive Industries […]
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NEITI, Nigeria Extractive Industries Transparency Initiative has called on the Federal Government to commission an independent investigation into the status and utilisation of all dividends and loan repayments by the Nigeria Liquefied Natural Gas Limited to the Nigerian National Petroleum Corporation. NEITI’s Executive Secretary, Mr. Waziri Adio, made the call in Abuja while speaking on […]
Read More The Nigeria Liquefied Natural Gas Limited, NLNG, paid $489.226 million, about N151.6 billion, in various forms of taxes to the Federal, States and Local Governments in 2016. NLNG stated this in its financial statement for the year ended, December 31, 2016, in a report section titled: ‘Facts and Figures on NLNG 2017.’ According to the […]
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The Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas Limited (NLNG), Tony Attah, has said time has come for the country to use gas as catalyst for industrial and economic transformation and become a great gas producing country. Attah stated this when the Minister of Information and Culture, Alhaji Lai Mohammed, paid […]
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The Nigeria Extractive Industries Transparency Initiative says the Nigerian National Petroleum Corporation is yet to remit $15.8bn collected from Nigeria Liquefied Natural Gas to the Federation account, in spite of the report submitted to the Federal Government. The Director Legal, NEITI, Mr Peter Ogbobine, said in Abuja on Tuesday that the figure was the accumulation […]
Read More The Managing Director, Nigeria Liquefied Natural Gas (NLNG), Mr. Tony Attah, has urged the National Assembly to stop the proposed amendment to the LNG Act. The amendment seeks to impose a three per cent Niger Delta Development Commission (NDDC) tax on the company. But Attah said the proposal was at variance with the NDDC Act. […]
Read More The Nigeria Liquefied Natural Gas Limited (NLNG) has planned to raise $15 billion from the International Capital Market to finance its Train 7 project. The Train 7 investment is capable of generating 18,000 jobs, he added. The Managing Director, Tony Attah, told the Senate to approve the plan when on Tuesday, he received members of […]
Read More Nigerian lawmakers are looking to amend the 1989 law that set up the Nigeria LNG (NLNG) partnership, potentially putting billions of dollars of investment at risk, its chief executive said on Thursday. NLNG, often touted as a successful public private partnership, is a venture between state-owned Nigerian National Petroleum Corporation (NNPC), Royal Dutch Shell, Total […]
Read More The Managing Director, Nigeria liquefied Natural Gas NLNG Limited, Mr. Tony Attah, has said the company’s assets are now worth over $13bn. A statement by the firm on Tuesday quoted him as saying this during a technical session chaired by the Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, at the 22nd Nigerian […]
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