UTM Offshore, Afreximbank Sign Project Preparation Facility Financing Deal Nigeria’s first FLNG project gets a boost African Export-Import Bank (Afreximbank) has executed a project preparation facility financing head of terms with UTM Offshore Limited (UTM), the bank said in a statement at
the weekend. Under the deal signed during the banks’ 29th Annual Meetings in Cairo, Egypt last week, it will part-finance activities designed to progress the first Floating
Liquefied Natural Gas (FLNG) project in Nigeria to bankability. It marks a continuation of the support of Afreximbank, which has been leading UTM’s fundraising efforts to secure the
necessary investments required for the project’s implementation. In line with Nigeria’s Petroleum Industry Act (PIA) and global energy transition efforts, UTM Offshore Limited
is developing Nigeria’s first Floating Liquefied Natural Gas (FLNG) project in partnership with the Nigerian National Petroleum Corporation (NNPC) and its affiliate, LNG Investment
Management Services. Afreximbank considers this project of historical significance as the first FLNG project developed Continued on page 5
Again, NNPC Fails to Remit Monies to Federation Account in May as Petrol Subsidy Hits N1.27trn…
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Monday 27 June, 2022 Vol 27. No 9939. Price: N250
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Ekweremadu: Immigration Affirms Alleged Kidney Donor is 21 Years Old…
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Kwankwaso: APC, PDP Have Failed Nigerians, Not Fit for Governance Ajaka: Former Kano governor can't become president with sectional party Adedayo Akinwale in Abuja and Victor Ogunje in Ado Ekiti Former governor of Kano state
and presidential candidate of the New Nigeria People's Party (NNPP) for the 2023 election, Senator Rabiu Musa
Kwankwaso has said the ruling All Progressives Congress (APC) and the main opposition, the Peoples Democratic Party (PDP)
are no longer fit for governance, having allegedly failed the populace. The former Defence Minister,
urged Nigerians to reject the their respective political parties candidates of the two main had failed the nation woefully parties in 2023 presidential Continued on page 5 election on the premise that
Get Guns and Defend Yourselves, Matawalle Tells Zamfara People Instructs CP to issue licences to willing citizens Shuts markets, filling stations in two council areas Orders security forces to shoot on sight okada riders in restricted areas Terrorists allegedly ban political activities in Kaduna communities Ortom attributes FG’s inability to curtail killings to hidden agenda Uzodimma grants 10 days amnesty to bandits, says they’ll face bombardment thereafter Deji Elumoye in Abuja, Francis Sardauna in Katsina, George Okoh in Makurdi, Adibe Emenyonu in Benin City, John Shiklam in Kaduna and Kemi Olaitan in Ibadan
Confronted with a seemingly helpless situation, Zamfara State Governor, Mohammed Matawalle, has resorted to self-help, directing Continued on page 5
WEDDED IN MARRAKESH... L-R: Bride, Nenesi Elsie Ibru, daughter of Chief Pascal Ibru and Groom, Chinedu Gabriel Okeke, son of Mr Chris Okeke, after their wedding at the Church of Holy Martyrs, Marrakesh, Morroco…weekend
Atiku: Judge Me with My Track Records as Vice President…
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