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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

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.

“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.

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.

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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Pension transfer window is open but not all PFAs are good for you…

The Transfer Window now opened by PENCOM gives you the opportunity to jump ship.

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Just like birthdays remind us of how old we are getting; it should also remind us of how close we get to retirement.

Many young people have vigorously started saving for their retirement with their referred or prefered choice of Pension Fund Administrators (PFA), but if you are one of them, are you sure that PFA is good for you? PENCOM has opened a Transfer Window so you can freely change your PFA if you feel they are not doing well or if they are not right for you.

Now comes the next questions, “Is my pension safe? how do I know which PFA is good for me?”. Don’t fret, this short article and chart from http://naijapension.com/ was written to help you.

The list contains the performance of the retiree fund of key PFAs. If your PFA is currently lagging on this list, you have nothing to worry about. You can easily switch to a better PFA and avoid stress later on; the Transfer Window now opened by PENCOM gives you the opportunity to jump ship. Funds to note are Funds II which is the default fund for RSA holders of 49 years and below and Fund III which default fund for RSA holders of 50 years and above.

Other Funds like Fund IV are only for retirees while Fund 1 is request based only however NOT accessible to Retirees and active contributors of 50 years and above

Your preference may differ, but we’d love to know what you think of the list.

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Ecobank to pay customers N5 for every dollar received 

Ecobank will pay N5 on every Dollar so beneficiaries will not only get the foreign currency sent from their family and friends abroad, they will also get extra Naira.

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Ecobank, Ayo Adepoju's appointment, Ecobank Transnational Inc. records 24% increase in Profit After Tax for Q4 2020.

Ecobank has implemented the CBN scheme which offers N5 for every Dollar received into domiciliary accounts or as cash over the counter.  Korede Demola-Adeniyi; Head, Consumer Banking, Ecobank Nigeria, who announced this in Lagos stated that the decision is in line with the CBN directive and fully aligns with efforts to encourage the inflow of diaspora remittances into the country. She noted that the “CBN Naira 4 dollar scheme” is an unprecedented incentive for senders and recipients of international money transfers.

Korede Demola-Adeniyi said that the scheme takes effect from 8th March and will run till 8th May, 2021. “Ecobank will pay N5 on every Dollar so beneficiaries will not only get the foreign currency sent from their family and friends abroad, they will also get extra Naira”, she stated.

Only recently, Ecobank had a first of its kind virtual Diaspora Summit to discuss opportunities for Nigerians living abroad and the various platforms available to assist them with their investment decisions and remittance needs. The event had major players in the remittance space, diaspora audience, government officials and notable stakeholders in attendance.

Further, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan has disclosed that apart from consistent engagement with Nigerians in the diaspora, Ecobank is leveraging its digital technology to make remittances to Nigeria and Africa easy, convenient and affordable.

Mr. Akinwuntan stated that growing evidence has shown a positive relationship between diaspora remittances and economic growth. “Ecobank will continue to pursue its mandate of helping to enhance the economic development and integration of Africa, through the 33 countries where the bank operates on the continent. Ecobank’s Rapidtransfer and mobile app (Ecobank Mobile) enable Africans, wherever they are,  to easily and instantly send money to bank accounts, mobile wallets and agent locations across 33 African countries”, he stated.

Ecobank Nigeria, a member of the Pan African Banking Group is committed to supporting Africans in the diaspora by providing advisory services, remittance solutions, investment options and financial planning schemes. The bank also offers mortgages, treasury bills, capital market instruments, among others.

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