Business A.M
No Result
View All Result
Monday, July 6, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Oil and Gas

NNPC, others partner to construct offshore base in Niger Delta

by Admin
January 21, 2026
in Oil and Gas

By Olivia Nnorom

 

The Nigerian National Petroleum Company Limited (NNPC) has partnered Akwa Ibom State government and Solutions Hub Limited to establish a fully integrated, deepwater logistics shore base in the Niger Delta state that will offer offshore construction and logistics services to the eastern flank of Nigeria, the West and Central African region.

 

In a series of tweets on Sunday, NNPC said Akwa Ibom State, the leadership of the national oil firm, and Solution Hub Ltd signed the deal to execute the shareholders’ agreement of Ibom Solution Hub Ltd.

NNPC, others partner to construct offshore base in Niger Delta

According to the tweet, the logistics base proposed to be sited on a 40sq-km space in Ibaka, Mbo Local Government Area, within the already designated Free Trade Zone in Akwa Ibom, was modelled to be an alternative to existing logistics bases in Nigeria to offer offshore construction support to West and Central African regions.

 

According to the tweets, Udom Emmanuel, Akwa Ibom State governor, thanked NNPC and Solution Hub for making the project a reality by choosing to partner the state.

 

Emmanuel reassured investors of the hospitality of the state and solicited more projects that would provide employment and development opportunities for indigenes of the state.

 

Margery Chuba-Okadigbo, NNPC board chairman, said the company was working with all relevant government agencies to deliver on the class facility.

 

She invited more partners to collaborate with NNPC in a bid to secure their right to play in Africa’s largest market by partnering with its largest energy company.

 

Mele Kyari, NNPC’s Group CEO, who spoke through Adokiye Tombomieye, executive vice president (Upstream), described the project as a game changer for the oil and gas industry, and for the nation’s economy.

 

Ibom Solution Hub Limited, a partnership of NNPC (30 percent), Solutions Hub Ltd (50 percent), and Akwa Ibom State government (20 percent), is a fully integrated, real deepwater logistics services base project.

Admin
Admin
Previous Post

Nicen, Aba-based paint maker, diversifies into household products

Next Post

Sigma Pensions eyes market dominance with Access acquisition

Next Post

Sigma Pensions eyes market dominance with Access acquisition

  • Trending
  • Comments
  • Latest

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

NIA's first female chairman unveils reform agenda to deepen insurance penetration

NIA’s first female chairman unveils reform agenda to deepen insurance penetration

July 6, 2026
Nigeria’s marine insurance market faces capital leakages as blue economy gains momentum

Nigeria’s marine insurance market faces capital leakages as blue economy gains momentum

July 6, 2026
Nigerian insurers break premium record as assets near N5trn 

Nigerian insurers break premium record as assets near N5trn 

July 6, 2026
No extension in sight as insurers race to beat July 31 recapitalisation deadline 

No extension in sight as insurers race to beat July 31 recapitalisation deadline 

July 6, 2026

Popular News

  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Nigeria agrees with Russia on first nuclear energy plant by mid 2020s

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

NIA's first female chairman unveils reform agenda to deepen insurance penetration

NIA’s first female chairman unveils reform agenda to deepen insurance penetration

July 6, 2026
Nigeria’s marine insurance market faces capital leakages as blue economy gains momentum

Nigeria’s marine insurance market faces capital leakages as blue economy gains momentum

July 6, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M