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Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) (37971 Views)

Update On Second Niger Bridge (Muhammadu Buhari Bridge) (Video, Pictures) / Update On The Second Niger Bridge (Muhammadu Buhari Bridge) (Video) / Little Niger-Delta Boy Walks Alone On A Tiny Locally-Made Bridge (Video) (2) (3) (4)

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Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by stanluiz(m): 7:17pm On Sep 30, 2019
OkoAmarashy:


What nonsense is this one saying? Wicked facts ko, evil stories ni.

You can also accuse me of impregnating your mother na.
Did I accuse you of any anything ? I don burst you cheesy

Contine to open more nairaland accounts. You life started and end in nairaland.
Jobless dude cheesy
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by GavelSlam: 7:18pm On Sep 30, 2019
Earthquake1:


Buhari supporters are brainless monkeys

No man, that's your family you mean.
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by OkoAmarashy: 7:19pm On Sep 30, 2019
stanluiz:
Did I accuse you of any anything ? I don burst you cheesy

Contine to open more nairaland accounts. You life started and end in nairaland.
Jobless dude cheesy

Is that all?
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by naijadrivablog: 7:19pm On Sep 30, 2019
MurderX:
That bridge could prevent shipping to the east.
Why?
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by Studyinchina200(m): 7:19pm On Sep 30, 2019
The only thing most of you guys are good at is arguing on Nairaland.

Unnecessary arguments.

Lazy youths smh.

1 Like

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by stanluiz(m): 7:21pm On Sep 30, 2019
Earthquake1:


Everywhere you go your stench follows you

You are even shameless to adopt names like Chimaokigwe, shows how ashamed you are of your region
Even adopting names like okoamarashy.

Before this month ends, He will create another nairaland account. Shameless dude cheesy

His joblessness no get part 2 grin

1 Like

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by Earthquake1: 7:23pm On Sep 30, 2019
OkoAmarashy:


Is that all?


No, If Tinubu a drug lord is my lord and savior and my region is known for skull mining, rape and dirtiness I would pick a name like Chimaokigwe grin

3 Likes

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by Solsix(m): 7:24pm On Sep 30, 2019
manmen:
Ipob and lies
Nna ur case is irredeemable, something u are seeing and u don't have evidence to counter it.
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by contigiency(m): 7:24pm On Sep 30, 2019
At least the hate filled hearts can now see and if they like, they can agree that buhari means business as far as that bridge is concerned.
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by Earthquake1: 7:24pm On Sep 30, 2019
stanluiz:
Even adopting names like okoamarashy.

Before this month ends, He will create another nairaland account. Shameless dude cheesy

His joblessness no get part 2 grin

He's obsessed about Igbos

It's a pity he can't be Igbo grin

1 Like

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by Anambralstson: 7:24pm On Sep 30, 2019
Tina26:
Same man is over 700m dols in debt with his oml 42 . AMCON will deal with him soon. His loans ruined diamond bank
ETW leading fabrication company in Nigeria a subsidiary of Nestoil group got contract of $15 billion for Total's Egina project

2 Likes 1 Share

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by stanluiz(m): 7:34pm On Sep 30, 2019
Earthquake1:


He's obsessed about Igbos

It's a pity he can't be Igbo grin
He jumps from one igbo thread to another with different accounts.
Mornings, after noon and night. He is on nairaland
Insulting and posting hate speeches.
He just open another account today.

I pity him. He need to get a life.
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by OkoAmarashy: 7:36pm On Sep 30, 2019
Earthquake1:


No, If Tinubu a drug lord is my lord and savior and my region is known for skull mining, rape and dirtiness I would pick a name like Chimaokigwe grin

Okay

Anything else?
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by stanluiz(m): 7:37pm On Sep 30, 2019
Has century power plant okija completed ?

Cc
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by GavelSlam: 7:44pm On Sep 30, 2019
Anambralstson:

ETW leading fabrication company in Nigeria a subsidiary of Nestoil group got contract of $15 billion from Total

Please read again.
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by maasoap(m): 7:46pm On Sep 30, 2019
Tina26:
Same man is over 700m dols in debt with his oml 42 . AMCON will deal with him soon. His loans ruined diamond bank

It serves those commercial banks. They wouldn't give small businesses loans unless they are presenting property that worth times three of the loan. But they would give those companies huge loans without a tiniest of collateral

1 Like

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by Anambralstson: 8:07pm On Sep 30, 2019
Tina26:
Same man is over 700m dols in debt with his oml 42 . AMCON will deal with him soon. His loans ruined diamond bank

The man you are waiting for his downfall is far from your wet dream, Just recently
international lenders has signed an agreement to refinance Neconde Energy Limited’s Senior Secured Medium-Term Loan Facility Agreement, worth $640 million (N2.3trillion).

The refinancing of the facility followed the renewal of Neconde Energy Limited’s Oil Mining Licence (OML) 42 for the next 20 years, effective June 2019, by the federal government.
This development, according to the indigenous oil and gas exploration and production company, was a demonstration of support for the company’s commercial and financial operations by both local and international financial institutions.

The consortium of seven lenders comprises four Nigerian banks and three international lenders.
The banks are Access Bank, Fidelity Bank, Zenith Bank and First Bank (UK) Limited.
The international lenders are the Africa Import Export Bank (Afrexim), Africa Finance Corporation (AFC) and Glencore Energy (UK) Limited.
Apart from being a member of the lending consortium, Glencore is also the off-taker of Neconde’s equity crude oil production.

With the refinancing, Neconde is now positioned to achieve its field development plans for the plum asset.


Neconde acquired Shell, Total and Nigerian Agip Oil Company’s 45 per cent joint equity interest in OML 42 in an open and competitive bid in 2011.

The acquisition was financed by the consortium of reputable local and international financiers.

The Chairman of Neconde Energy Limited, Dr. Ernest Azudialu-Obiejesi, said in a statement at the weekend that the loan refinancing affirmed the strong financial fundamentals of the company as a leading player in the upstream sector of the oil and gas industry.


“This restructuring frees up capital for Neconde to invest in more development activities that will result in production increase,” he added.

Neconde is in a Joint Venture (JV) with the Nigerian Petroleum Development Company (NPDC) in OML 42. The JV’s production presently stands at an average of 50,000 barrels of oil per day and upon completion of the development activities planned in the 2019 work programme, the JV expects to hit a production output of about 100,000bpd.


In the third quarter of 2018, Neconde alongside its JV partner, NPDC, secured a robust and independent alternative crude evacuation system.

This initiative was borne out of the need to find a more reliable alternative to the Trans-Forcados Pipeline, which is prone to repeated outages.

The new evacuation system (“Barging”) has become the primary evacuation system for the JV and has since proven to be a more reliable and consistent channel of evacuating its crude oil for export.


The JV, it was learnt, intends to consolidate on this major achievement and improve its cash flows from the asset.

In January 2011, Neconde participated in and emerged successful in the competitive bid for the acquisition of 45 per cent stake in OML 42 previously held by Shell, Total Exploration and Production Nigeria Limited and Nigerian Agip Oil Company Limited.

Only recently, it secured the renewal of its lease for OML 42 for a further tenor of 20 years by the federal government through the Department of Petroleum Resources (DPR).

“Neconde’s status as an indigenous company with an excellent management team offers a viable option through which the rich reserves of the Niger Delta could be brought into production with attendant economic benefits for the local communities and the country,” the company said in the statement.

2 Likes 1 Share

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by forgiveness: 8:10pm On Sep 30, 2019
Anambralstson:
Ernest Azudialu is biggest Nigeria shareholder in Julius Berger Nigeria plc, his firm B&Q is leading indigenous dredging company in Nigeria is in charge of Dredging Onitsha river for second niger bridge .

He is not the biggest shareholder in Julius Berger. Stop lying.

1 Like 1 Share

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by Anambralstson: 8:15pm On Sep 30, 2019
forgiveness:


He is not the biggest shareholder in Julius Berger. Stop lying.
https://www.julius-berger.com/investor-relations/board-of-directors/

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by forgiveness: 8:18pm On Sep 30, 2019
Anambralstson:

https://www.julius-berger.com/investor-relations/board-of-directors/

Are you an illiterate? What does being a board director has to do with having the largest share in a company? Can we say one of those board directors is a major shareholder because he is on the board? Clown!

2 Likes 1 Share

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by Anambralstson: 8:21pm On Sep 30, 2019
forgiveness:


Are you an illiterate? What has being a board director has to do with having the largest share in a company? Can we say one of those board directors is a major shareholder because he is on the board? Clown!
He's Nigerian biggest shareholder in Julius Otondo also the Chairman of Smile network Africa
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by Anambralstson: 8:22pm On Sep 30, 2019
forgiveness:


Are you an illiterate? What has being a board director has to do with having the largest share in a company? Can we say one of those board directors is a major shareholder because he is on the board? Clown!
Nigerian biggest investor in Julius Berger
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by freemi(m): 8:23pm On Sep 30, 2019
make em cme taste am for calabar port
Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by forgiveness: 8:24pm On Sep 30, 2019
Anambralstson:

He's Nigerian biggest shareholder in Julius Otondo also the Chairman of Smile network Africa

He is not. Stop lying.

2 Likes 1 Share

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by NGpatriot: 8:35pm On Sep 30, 2019
There's no need to always add the largest, the biggest the worlds most this and that to your posts, it's like you are mocking your own posts because you are always wrong.

Pirat X is not the largest dredger in Africa.

2 Likes 1 Share

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by Anambralstson: 8:38pm On Sep 30, 2019
NGpatriot:
There's no need to always add the largest, the biggest the worlds most this and that to your posts, it's like you are mocking your own posts because you are always wrong.

Pirat X is not the largest dredger in Africa.
Can you show us the largest dredger in Africa

1 Like

Re: Nestoil Acquires Pirat X Biggest Dredger In Africa For 2nd Niger Bridge(Video) by NGpatriot: 9:03pm On Sep 30, 2019
Anambralstson:

Can you show us the largest dredger in Africa


So, you didn't do any research before making that claim and you need me to do it for you?

2 Likes 2 Shares

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