Nigeria Basketball Federation 2016 Awards

Nigeria Basketball Federation 2016 Awards:

  • Male Player of the Year – Dele Ademola of Kano Pillars Basketball Club of Kano
  • Female Player of the Year – Upe Atosu of First Bank Basketball Club
  • Female Young Player of the Year – Ifunaya Okoye of First Deepwater of Lagos
  • Male Young Player of the Year – Oriakhi Owen of Hoops and Read Basketball Academy
  • Best Basketball Team in the Year 2016 (Male category)Kano Pillars Basketball Club of Kano
  • Best Basketball Team in the Year 2016 (Female category)First Bank Basketball Club

Med-View Airline Becomes First NSE-listed Airline In 24 Years

Med-View Airline has become the first airline to be listed on the Nigerian Stock Exchange (NSE) in almost 25 years. The Airline listed 9,750,649,400 ordinary shares of 50 kobo each at Naira 1.50 kobo per share on the floor of the Nigerian Stock Exchange (NSE).

NSE Chief Executive, Mr. Oscar Onyema, congratulated and commended the board and management of Med-View Airlines for having the courage to take such an important step. In his words;

“Today’s listing by an introduction of 9.75 billion (9,750,649,400) ordinary shares of Med-View Airlines on the main board of the Nigerian Stock Exchange at a listing price of 1.50 Naira per share is a culmination of several months of hard work by all parties to the transaction, including the Securities and Exchange Commission and The Exchange.

This listing has added 14.65 billion Naira (N14, 625,974,100) to the market capitalization of The Exchange, further deepening the Nigerian capital market. It will also increase the visibility of Med-View Airlines Plc and differentiate it as a professionally run airline with high corporate governance standards, having met The NSE’s listing criteria.”

BFPCL Secures $6 Billion Facility From BP Oil For Methanol Plant

Brass Fertilizer & Petrochemical Company Limited (BFPCL) has secured a $6 billion offshore facility from BP Oil International Limited, London for the take-off of its methanol plant in Bayelsa State.

According to the Company’s Vice Chairman, Chief Ben Okoye,

“Phase one of the project has commenced following the securing of $6 billion from BP Oil International Limited, London. We also secured 25 years 300millions of standard cubic feet per day (mmscf/d) gas supply from Shell Petroleum Development Company of Nigeria Ltd (SPDC-JV).

The project is designed to be built in two phases and phase one which is expected to come on stream in 2020, will produce 1.66 million metric tonnes (MT) of methanol and 1.3 million metric tonnes of urea per annum. Phase one also includes a dedicated Export Jetty and a 300 mmscf/d gas processing plant. On completion, the project is expected to generate an annual turnover of $1.5 billion. The project is extremely strategic to the country’s agricultural and industrial sectors. It will contribute to the country’s self-sufficiency in fertilizer and methanol based industrial raw materials.”

On jobs creation, the project will employ 15,000 workers indirectly during construction and 5,000 permanent workers after the project is completed.”