Tuesday, 9th August 2022
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Breaking News:


29 Aug 2018
The $3.3 billion Floating Production Storage Offloading (FPSO) unit that sailed away in the early hours of Sunday from Lagos to the 200,000 barrels per day Egina oilfield has opened...
20 Aug 2018
Stakeholders at the Lagos Free Zone have canvassed efficiency and best practices to attract more investors.
19 Aug 2018
Some investors at the Lagos Deep Offshore Logistics Base (LADOL) free zone are still worried about the cost of operations at the zone, and have requested for a more pragmatic and lasting solution, given their huge investment portfolio in the area. They said the move will not only encourage investors operating in the zone, but…
15 Aug 2018
LADOL Free Zone has commended stakeholders’ efforts targeted at promoting the local content policy of the Federal Government. Appreciating the support from all stakeholders in the Egina Floating, Production, Storage and Offloading (FPSO) vessel, the Chairman of LADOL, Ladi Jadesimi, said the project’s success was a pointer to the growth of local content and capacity…
9 Aug 2018
The management of LADOL Free Zone has insisted that all charges levied in the zone are statutory, including the recently referenced one per cent charge. It described the one per cent charge as “government fee”, which must be paid in line with the requirements for investments at the free zone, as duly communicated to all…
6 Aug 2018
Some investors have expressed concerns over what they describe as the ‘high charges’ in Nigeria’s oil and gas free zones, noting that the development endangers government’s foreign direct investment (FDI) drive into the sector as well as hampers the growth of the industry.
3 May 2018
The United Nations International Maritime Organisation (IMO) strategy to reduce the total annual Green House Gas, GHG emissions from international shipping by at least 50 per cent by 2050...
4 Apr 2018
The Executive Chairman, Lagos Deep Offshore Logistics Base (LADOL), Ladi Jadesimi, has disclosed that some West African governments are currently in talks with her company to assist them develop their own offshore facilities. Jadesimi, who disclosed this during a visitation of the Deputy Comptroller-General of the Nigeria Customs Service (NCS), in charge of Excise, Industrial…
21 Feb 2018
If a new upstream project is not approved after the completion of the Egina Floating Production Storage Offloading (FPSO) vessel, ship repair and fabrication yards...
21 Feb 2018
Nigerian Content Development and Monitoring Board (NCDMB), and major operating companies have embarked on plans that would ensure the full domiciliation of Floating Production Storage Offloading (FPSOs) vessels in Nigeria.
7 Feb 2018
The Chairman, Lagos Deep Offshore Logistics Base (LADOL), Ladi Jadesimi, has expressed the company’s readiness to deliver the $3.8 billion Egina Floating Production Storage Offloading (FPSO) vessel ahead of the scheduled period slated for six months. Jadesimi, who expressed optimism that Total’s FPSO has given opportunity to the nation to further grow its human capital…
16 Aug 2017
The Egina Floating Production Storage and Offloading (FPSO) project is being undertaken by Korea-based, Samsung Heavy Industries (SHI), for Total Exploration and Production, with LADOL acting as the local content partner.


48 mins ago
The National Bureau of Statistics (NBS), said females were the prime targets for trafficking for prostitution in 2019 with a total of 373 females.
52 mins ago
The House of Representatives has summoned the Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed to make available before it all documents relating to subsidy claims from 2013 to date.
1 hour ago
The National Youth Service Corps (NYSC) has restated its commitment to partnering with financial institutions to provide start-up loans to corps members to become entrepreneurs.
1 hour ago
The Economic and Financial Crimes Commission(EFCC), Ibadan Zonal Office, has arrested 29 persons for alleged involvement in internet and other related fraud activities. This is contained in a statement signed by the commission’s spokesperson, Wilson Uwujaren, and made available to newsmen in Ibadan on Tuesday. Uwujaren said that the suspects were arrested on Aug. 3,…
1 hour ago
US tennis great Serena Williams announced on Tuesday that "the countdown has begun" to her retirement from the sport.