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Business News

Shell completes another world-class gas plant in Nigeria

Shell Nigeria Gas (SNG), a subsidiary of Royal Dutch Shell, has announced the completion of yet another gas plant facility in Nigeria.

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Shell OML 11, Shell joins market rivals, writes down $2.3 billion as US-China trade war bite 

Shell Nigeria Gas (SNG), a subsidiary of Royal Dutch Shell, has announced the completion of yet another gas plant facility in Nigeria. According to a press release obtained from the company’s website, the world-class gas plant facility was built with the aim of meeting the industrial demand for gas.

The new gas plant facility which is described as the “Agbara-Ota Capacity Increase Project” in Ogun State, is Shell’s second gas train in Nigeria. It is said to have reportedly boosted gas distribution capacity in the country by 150%.

What you should know: The company disclosed the first phase of its pipeline expansion was already completed in Abia State, which directly connects to the Osisioma Ngwa manufacturing industrial hub in the state. Also through the gas line expansion in Abia State, the company will be responsible for delivering pipeline gas to IPP Consortium which is the electricity provider to the popular Ariaria market in Abia State.

Similarly, SNG currently supplies natural gas to over 100 industrial and commercial customers, mostly in Ogun, Abia and Rivers States. In 2017, SNG and the Rivers State Government entered into an agreement for the distribution of gas to industries in Port Harcourt and its environs.

More on Shell’s gas projects:¬†In 2018, the company explored opportunities to distribute gas to the Lagos State Government as part of the embedded power ‚ÄėLights Up Lagos‚Äô initiative. According to Shell, efforts are on-going through partnerships to develop opportunities for natural gas distribution to wholesale and retail customers in Victoria Island, Ikoyi, Lekki and Epe areas of Lagos area.

SNG Managing Director, Ed Ubong shed more light;

“This year, in collaboration with the Nigerian Content Development & Management Board and the Bayelsa State Government, SNG has signed commercial agreements with customers to supply gas to industrial clusters and parks¬†in Bayelsa State, close to the SPDC JV Gbaran Ubie world-class gas facility. Agreements have also been signed for offtake of the Assa North gas project in Imo State”

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The big picture:¬†Shell, which is Nigeria’s first international oil company, revealed that while the new gas plant facility will enable the company and its partners to achieve regular gas supply to subscribed industries in Ogun State, efforts are already on-going to expand across other states of the country.

According to Ubong, the company is maturing opportunities to expand its gas distribution to all industrial parks and manufacturing companies in Nigeria.

“Apart from¬†increasing the distribution capacity in existing states where it operates,¬†SNG is maturing opportunities to expand its gas distribution network to new states.¬†On¬†completion of¬†its¬†expansion projects,¬†over¬†1,000¬†megawatts equivalent of energy will be directly supplied to¬†various¬†industrial¬†parks¬†and manufacturing companies in¬†Nigeria.”

Samuel is an Analyst with over 5 years experience. Connect with him via his twitter handle

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Coronavirus

COVID-19 Update in Nigeria

On the 7th of March 2021, 269 new confirmed cases and 5 deaths were recorded in Nigeria

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Covid 19 update symptops

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 158,506 confirmed cases.

On the 7th of March 2021, 269 new confirmed cases and 5 deaths were recorded in Nigeria.

To date, 158,506 cases have been confirmed, 137,875 cases have been discharged and 1,969 deaths have been recorded in 36 states and the Federal Capital Territory.

A total of 1.54 million tests have been carried out as of March 7th, 2021 compared to 1.49 million tests a day earlier.

COVID-19 Case Updates- 7th March 2021,

  • Total Number of Cases – 158,506
  • Total Number Discharged – 137,890
  • Total Deaths – 1,969
  • Total Tests Carried out – 1,544,008

According to the NCDC, the 269 new cases are reported from 19 states- Enugu (78), Bauchi (37), Rivers (22), Imo (18), Ogun (16), FCT (15), Akwa Ibom (13), Kaduna (13), Kebbi (11), Kwara (9), Edo(7), Ekiti (6), Borno (5), Yobe(5), Kano (4) Nasarawa (3), Osun (3), Anambra (2) and Plateau (2).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 56,444, followed by Abuja (19,350), Plateau (8,944), Kaduna (8,658),  Oyo (6,766), Rivers (6,680), Edo (4,670), Ogun (4,437), Kano (3,844), Ondo (3,066), Kwara (2,962), Delta (2,582), Osun (2,457), Nasarawa (2,251), Enugu (2,156), Katsina (2,060), Gombe (2,010), Ebonyi (1,951), Anambra (1,813), Akwa Ibom (1,610), and Abia (1,588).

Imo State has recorded 1,569 cases, Borno (1,308), Bauchi (1,274), Benue (1,188), Adamawa (942), Niger (919), Taraba (863), Ekiti (834), Bayelsa (779), Sokoto (769), Jigawa (496), Kebbi (412), Cross River (334), Yobe (293), Zamfara (222), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

Governor Babajide Sanwo-Olu of Lagos State announced the closed down of the Eti-Osa Isolation Centre, with effect from Friday, 31st July 2020. He also mentioned that the Agidingbi Isolation Centre would also be closed and the patients relocated to a large capacity centre.

Due to the increased number of covid-19 cases in Nigeria, the Nigerian government ordered the reopening of Isolation and treatment centres in the country on Thursday, 10th December 2020.

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On 26th January 2021, the Federal Government announced the extension of the guidelines of phase 3 of the eased lockdown by one month following the rising cases of the coronavirus disease in the country and the expiration of phase 3 of the eased lockdown.

On 28th February 2021, the federal government confirmed that the first tranche of Covid-19 vaccines will arrive in Nigeria on Tuesday, March 2nd, 2021.

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On Tuesday, 2nd March 2021, the National Primary health Care Development Agency announced the arrival of the expected COVX Astrazeneca/Oxford covid-19 vaccines.

On Saturday, 6th March 2021, President Muhammadu Buhari and his vice, Yemi Osinbajo received vaccination against the covid-19 as the State House in Abuja.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

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Tech News

Twitter CEO auctions his first-ever tweet on Twitter, bidding at $2.5 million

Jack Dorsey is auctioning his first-ever tweet on a website that sells tweets as non-fungible tokens.

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Twitter CEO, Jack Dorsey is auctioning his first-ever tweet on Twitter ‚Äújust setting up my twttr‚ÄĚ on a website that sells tweets as non-fungible tokens (NFTs).

The tweet was listed for sale on ‘Valuables by Cent’ – a tweets marketplace that was launched three months ago. The tweet was first made in March 2006

The tweet received offers as high as $88,888.88 within minutes of Jack tweeting a link to the listing on‚ÄĚ Valuables by Cent‚ÄĚ on Friday.

Currently, bidding has reached $2.5 million (‚ā¨2.1 million) indicating the potential in selling virtual objects that have been authenticated through blockchain technology.

The highest bid for the tweet ‚ÄĒ $2.5 million ‚ÄĒ came from Bridge Oracle CEO Sina Estavi. It topped cryptocurrency pioneer, Justin Sun’s $2 million bid.

The final buyer of the tweet will receive a certificate, digitally signed and verified by Jack Dorsey, as well as the metadata of the original tweet. The data will include information such as the time the tweet was posted and its text contents. Most of this information, however, is already publicly available.

According to Valuables by Cent’s terms, 95% of a tweet’s sale will go to the original creator while the remainder will go to the website.

What you should know

  • NFTs is a unique digital certificate that states who owns a photo, video, or other forms of online media.
  • Dorsey’s 15-year-old tweet is one of the most famous tweets ever on the platform.
  • Bidding had reached $2.5 million (‚ā¨2.1 million) on Saturday, indicating the potential in selling virtual objects that have been authenticated through blockchain technology.
  • More people are currently bidding their tweets on the platform.

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