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NLNG, Shell, Aiteo, LASG, NGC, Axxela, Falcon to support Commemoration of Nigerian Gas Association’s 20th Anniversary

The Nigerian Gas Association (NGA) is set to chronicle its 20th Anniversary on November 1, 2019, at the Eko Hotel Convention Centre in Lagos.  

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NLNG, Train 7 project: NLNG reacts to setback after NNPC, Shell, others delay final investment decision 

Leading voice and proponents of maximal utilization of Natural Gas in Nigeria, the Nigerian Gas Association (NGA), is set to chronicle its 20th Anniversary on November 1, 2019, at the Eko Hotel Convention Centre in Lagos.

This landmark ceremony, proudly supported by NLNG, the Lagos State Ministry of Energy, Shell companies in Nigeria – Shell Nigeria Gas (SNG), Shell Exploration and Production Company Limited (SNEPCo) and the Shell Petroleum Development

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Company of Nigeria Limited (SPDC) –  Axxela Limited, Anoh Gas Processing Company, Aiteo Group, Nigerian Gas Company (NGC), Falcon Corporation, Frontier Oil Limited, and a host of other stakeholders will converge West Africa’s most prominent Natural Gas industry leaders, government officials and captains of industries for an exclusive evening of grand gala, awards, fine dining, enthralling performances and high-level networking.

Founded in 1999 by a few industry giants at the time, such as the Nigerian National Petroleum Corporation (NNPC), the Shell Petroleum Development Company (SPDC), the Nigeria Liquefied Natural Gas Limited (NLNG), Chevron Nigeria Limited, the Nigerian Gas Company (NGC), Elf Petroleum(now Total E&P Nigeria Limited), Mobil Producing Nigeria, the Nigerian Agip Oil Company (NAOC) and Conoco Energy Nigeria Limited, the Nigerian Gas Association has evolved to a more diverse yet formidable body of over 124 corporate members and 2125 individual members working with a vision to improve the nation’s economy through the optimal maximization of its abounding Natural Gas reserves.

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“Natural Gas is that one singular resource Nigeria can leverage to create transformative change across various sectors and spheres of industry. As the NGA, we have worked resolutely over the past twenty years to foster a legal, regulatory and policy landscape for gas that is attractive to participants and investors, with the attendant multiplier benefits to the nation at large,” Mrs. Audrey Joe-Ezigbo President, Nigerian Gas Association.

“With over two decades of consistent and progressive advocacy drive, NGA has earned the pride of place as the flagship voice in the gas industry, worthy of celebration,” Mr Violin Antaih, Publicity Secretary, Nigerian Gas Association.

Since inception, the Nigerian Gas Association has carried on its commitment to effectively champion the competitiveness and effective utilization of Natural Gas by promoting sound policy development, capacity development and best practices towards optimising the economics of the entire gas chain while emphasizing environmental protection and safety.

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According to recent statistics shared by the Nigerian National Petroleum Corporation research department, Nigeria’s proven Natural Gas reserve went up to 202 trillion cubic feet (tcf) from the initial figures in the past decades, steadily elevating the country’s capacity reserves to those of countries like Iran, Qatar, and Russia.

Having successfully initiated several industry-changing gas policies, viable gas projects and transnational deals through its distinguished members, the Association is poised to break new grounds in uplifting the gas industry and positioning Natural Gas as the energy fuel of choice for the nation’s economic and industrial revolution.

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NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

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Tech PR firm, Phyllion set to hold first of its kind Tech Conference online

The conference has a simple agenda phased into three sessions; the general, panel, and pitch session.

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The upcoming Tech PR Conference first of its kind in the Public Relations Space, Phyllion Tech PR Conference, is a convergence of the technology and communications ecosystem. It aims to chart the future of African tech through conversations from key leaders and players within the sector on how businesses now and in the future can leverage technology to drive transformation in Africa.

Themed “Embracing Technology Transformation in Africa, What Next,” this event is slated for Friday, July 17, 2020. It already boasts of a robust panel of speakers from communications and tech sectors alike. This event is one to look out for, registrations have already begun on the event website while download link to a mobile app will be shared with attendees upon registration to foster networking and upgraded virtual event experience.

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The conference has a simple agenda phased into three sessions; the general, panel, and pitch session. The Pitch session happens to be another high point of the day, this is because of the potential of start-ups getting an opportunity to pitch to a panel of judges for a chance to win an investor or investment. This session further buttresses why the Phyllion Tech Conference is a rare and commendable online conference. It was indeed carefully thought through to ensure attendees get value for their time and it bridges the gap between the start-up and the investment community.

It comes on the heels of the enduring disruptive technology which have impacted business operations in this period of the coronavirus (COVID-19) pandemic that has greatly altered the way things are done, with a change in the definition of normal.

The Founder, Phyllion & Partners, a Tech PR consulting firm in Lagos, Temi Ophylia Ibekwe, said the tech panel discussion is aimed at re-awakening the consciousness of African business owners, tech ecosystem, and government to the realities of our time, and how stakeholders can leverage technology to survive and thrive.

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She affirmed that the importance of this conference is to bring industry leaders, thought-leaders, key influencers, and major stakeholders together to discuss the future of technology in Africa. “There is a need for massive sensitization, birthing a necessity for discussions about embracing modern technologies in Africa,” Ibekwe stated.

Ibekwe also pointed out that as businesses are adjusting to the new realities of operations, the opportunity presents itself for businesses in Nigeria and Africa at large to leverage Technology to their advantage and create a future that is beneficial to our economy.

She said the situation has paved way for technological powerhouses now to re-think their strategies and effecting immediate changes to remain on top, thus marking a revolution not only for affordability and accessibility but that of increasing demand for adequate exploitation for maximum productivity.

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The situation depicts that one of the great advantages the continent has over others in riding the disruptive wave of technology is that there is far less legacy to get in the way than in other regions, creating a clean sheet on which companies can develop their distinctive models. All these are pointers to the fact that Africa would now be positioned as an increasingly attractive environment for global business entry and investment.

The goal of public relations in the tech sector like in any other sector is that of an enabler. The Phyllion Tech Conference presents a platform for communication to enable technology transformation in Africa through impact-driven conversations and actions.

Website Link: https://web.cvent.com/event/d056eda7-f312-473c-954a-c433c02fe2be/regProcessStep1

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Pitch Link: https://docs.google.com/forms/d/e/1FAIpQLSecTd89pYe_RwK6NABxD3gGjnHAs6j8VN-6NdO0wez_BMgz9A/viewform

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BUA Cement set to establish ultramodern 3million cement plant, 50mw power plant in Adamawa

BUA is Nigeria’s second-largest cement producer by volume with cement plants in Sokoto and Edo States.

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BUA Cement, One of West Africa’s largest Cement companies has announced that it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria. This was revealed when the Chairman of BUA, Abdul Samad Rabiu led the BUA Cement Management team on a courtesy call to the Adamawa State Governor, Ahmadu Umaru Fintiri in the Government House, Yola.

Speaking during the visit, Abdul Samad Rabiu said preliminary findings show that the two local governments of Guyuk and Lamurde are reputed to have good quality of limestone deposits and BUA Cement is ready to begin the investment in the state. He added that the BUA will use new technologies to supply power to the proposed cement plant and communities of Guyuk and Lamurde in addition to providing three thousand direct and five thousand indirect jobs.

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READ ALSO: BUA, CBMI sign agreement to build New 3million Kalambaina Cement II Plant in Sokoto

The Chairman stressed that the Guyuk Cement Plant will be the major investment in the North-East by BUA and solicited for support of Governor Umaru Fintiri to set up the factory in Guyuk. Rabiu said the company made a decision to source its raw materials locally and it has invested billions of dollars in various sectors across Nigeria and therefore urged the state government to support BUA to actualize the Guyuk Cement project.  In addition, he praised the commitment of the governor within one year in office in many sectors of development despite the economic challenges in Adamawa.

Responding, Governor Ahmadu Umaru Fintiri said his administration’s effort in exploring local contents has started yielding results and thanked BUA for showing interest in establishing the cement plant in Guyuk. He further assured the management team of BUA that government will make whatever is needed and provide the necessary support which will create enabling environment so that the BUA Cement company in Guyuk will become a reality.

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He also expressed readiness of the government to protect the investment once it is established and told them that his administration will maintain the good relationship with the company for the benefit of the state.

BUA is Nigeria’s second largest Cement Producer by volume with cement plants in Sokoto and Edo States. The Company’s newest plant in Sokoto is expected to be operational in 2021. When completed, the Guyuk Cement Plant will bring BUA’s total capacity to 14million metric tonnes per annum.

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EDITOR’S NOTE: This is a sponsored content.

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Investment One’s Dollar Fund offers Investor comfort amid FX uncertainty

The fund is regulated by the Securities and Exchange Commission and in accordance with regulation.

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With a minimum of $500, investors seeking to hedge their savings against currency risk can invest in Vantage Dollar Fund (VDF)managed by Investment One Funds Management Ltd and would earn a steady return on their investment. The pool of funds will be invested in Nigerian originated dollar-denominated assets including sovereign and corporates, the firm said.

Since launched in 2018, the Vantage Dollar Fund has awarded investors, a good value for their money both in terms of interest income and capital appreciation.

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The Dollar Fund is an open-ended fund, meaning investors can continuously make additional investments in multiples of $1.00 to their already subscribed units.

It has a minimum holding period of 180 days and a redemption cycle of T+5 (payment is made not later than five business days after an investor submits a redemption form).

The fund is regulated by the Securities and Exchange Commission (SEC) and in accordance with regulation, it has an independent trustee and custodian.

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As a petrodollar economy, Nigeria is susceptible to weakness in global oil prices which has continually impacted the country’s exchange rate and brings to the table conversations around devaluation of the local currency as was the case in 2016 when the local currency devaluation led to a more than 50 percent decline in the dollar value of investors naira assets.

Diversification of investment portfolio between naira and dollar assets has proven to be a superior investment strategy as it helps in saving to further dollar obligations such as vacation, schooling amongst others.

The Vantage Dollar Fund by the financial services firm, is one of such funds that seeks to protect investors’ assets against currency risk, as the investment is dollar-denominated.

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For flexibility, the firm noted that investors who might have need for their monies within the minimum holding period, to be allowed redemption during the minimum holding period subject to a 15 percent charge on the positive total return on the units being redeemed on the day of redemption.

According to Investment One, who is the fund manager, every unit holder shall be entitled to receive an electronic certificate for the number of units purchased by such unit holder, and this electronic certificate shall be conclusive evidence of the number of units held.

These investors are sure of enjoying numerous benefits including capital appreciation, competitive returns diversified portfolio; and regular and steady income stream, that is independent of policy changes in the economy.

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