Probing Of NNPC Over $1bn 'Diverted' NLNG Dividend Begins   The Senate has begun an investigation of the diversion of $1.05bn from the Nigerian Liquefied Natural Gas dividend account by the Nigerian National Petroleum Corporation. The upper chamber is specifically probing all withdrawals from the account and...

We’ll Dig Up How NLNG Dividend Was Diverted By NNPC – Saraki   President of the Senate, Dr Bukola Saraki, has said the upper chamber of the National Assembly will on Tuesday (today) further probe the claims by the Group Managing Director of the Nigerian National...

NEITI - $16.8b NLNG Dividends Not Remitted To Federation Account   The Nigeria Extractive Industries Transparency Initiative (NEITI) Executive Secretary, Dr. Waziri Adio, yesterday insisted that the Nigerian Liquified Natural Gas (NLNG’s) $16.8billion accruable dividend between 2000 to 2015 was not remitted to the Federation Account. Describing...

FG Urged To Replicate NLNG Model To Increase Gas Sector Opportunities   The Deputy Managing Director of Nigeria LNG Limited (NLNG), Mr. Sadeeq Mai-Bornu, said the NLNG business model needed to be replicated in order to generate opportunities for the power and gas sectors in the...

A Federal High Court in Lagos has held that Nigeria Liquified Natural Gas Ltd (NLNG) was right in refusing to pay levies demanded by the Nigerian Maritime Administration and Security Agency (NIMASA). The dispute between both parties arose as a result of perceived conflict in...

The global glut plaguing liquefied natural gas(LNG) markets may start to dwindle in five years, threatening to spur a deficit equivalent to twice the output of leading producer Qatar. The development may have spiral effect on Nigeria, according to analysts. New projects are needed to fill...