Nigeria’s notable absence from the roster of African nations boasting well-established factoring services and robust regulatory frameworks underscores a
The Nigeria Export-Import Bank (NEXIM), German Corporation for International Cooperation (GIZ), AfrimBank and the African Development Bank, the Central Bank
Factoring: NEXIM, AFREXIM Eye $6 6bn Market to Unlock Funding to MSMEs thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
By Emmanuel Addeh
An indigenous firm, UTM Offshore Limited, has signed a deal with Japan Gas Corporation (JGC), a leading international Engineering Design, Procurement and Construction (EPC) firm, to establish a Floating Liquefied Natural Gas (FLNG) facility, the first of its kind in Nigeria.
This followed the issuance of licence by the Department of Petroleum Resources (DPR) to establish the FLNG facility.
UTM Offshore Limited took a major step to actualise the project yesterday, signing virtually, a landmark preliminary front end engineering design (Pre-FEED) agreement with JGC.
According to the agreement, the Pre-FEED scope would be completed within four months from commencement date.