Contract Archives — City Business News

March 28, 2024 No Responses

Firm Gets $1.8b Contract For Eight LNG Vessels

Korean shipbuilding major, Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, has received a construction order for eight liquefied natural gas (LNG) vessels from an undisclosed shipowner. Under the $1.8billion, the company will buil...

February 7, 2024 No Responses

Samsung Gets $3.4b Contract For 15 LNG Carriers

South Korean shipbuilding major, Samsung Heavy Industries (SHI) has secured a contract to construct fifteen liquefied natural gas (LNG) carriers. The contract, worth $3.44 billion, is the largest single deal received by the shipbuilder, exceeding the...

August 11, 2022 No Responses

LNG Carrier: QatarEnergy Awards Seven Contracts To Four Firms

Malaysian energy logistics group MISC Berhad and its consortium partners — shipping companies Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha (K-Line) and China LNG Shipping (Holdings) Limited (CLNG) — have been awarded long-term time charter co...

May 23, 2022 No Responses

NDDC Revokes 20-Year-Old Unexecuted Contracts

The Niger Delta Development Commission (NDDC) has revoked contracts awarded between 2000 and 2019 where the contractors did not move to site. “Consequently, all affected contractors are advised to note that all monies earlier received by way of mobilis...

February 4, 2022 No Responses

Railway: Firms Drag Minister To Court Over Alleged Unlawful Award Of Contract

Three construction companies have dragged the Minister of Transportation and the Attorney-General of the Federation (AGF) to a Federal High Court in Abuja over alleged unlawful award of 190-km rail line construction to a Chinese Firm without due process. ...

January 20, 2022 No Responses

FEC Approves NIMASA, NPA, NRC Contract Proposals

The Federal Executive Council (FEC) has approved contract for clearing of equipment for the Deep Blue Project. Briefing Journalists after the FEC meeting on Wednesday, Minister of Transportation, Rotimi Amaechi explained that the N2.8bilion contrac...

January 16, 2022 No Responses

Borno Awards N2.8b Maiduguri Road Contract

The Borno Government has awarded N2.8b contract for construction of 8.2 kilometers Maiduguri township roads. Mr Ali Goni-Lawan, Permanent Secretary, Ministry of Works, stated this at the signing ceremony of the contract on Saturday in Maidugur...

November 5, 2020 No Responses

FG Approves N87b For FCT, Ogbomoso Roads, Others

The Federal Executive Council (FEC) on Wednesday approved N87 billion for the construction of a road linking Shehu Yar’adua Way with the Kubwa Expressway in the Federal Capital Territory, Oyo–Ogbomoso and the Loko – Oweto bridge. The Council me...

September 24, 2020 No Responses

FG Approves N12b For Construction Of Ohafia–Arochukwu Road

The Federal Executive Council (FEC) has approved N12 billion for the construction of the Section two of the Ohafia to Arochukwu road in Abia State. The Minister of Works and Housing, Babatunde Fashola, stated this at the end of the...

February 15, 2020 No Responses

Six Firms Jostle For e-Procurement Platform Contract

Six firms on Friday successfully opened bid for the design, development and management of single e-procurement portal for the 36 states in Nigeria. The project form part of the World Bank-supported States Fiscal Transparency and Accountability System (SFTAS)....

November 6, 2019 No Responses

Oyo Re-awards Moniya-Iseyin road for N9.9bn

The Oyo State government has approved N9.9 billion for the reconstruction of Moniya-Iseyin road. The State Commissioner for Works and Transport, Prof. Rapheal Afonja, disclosed this to newsmen on Tuesday in Ibadan shortly after the state Executive Council meet...

October 12, 2019 No Responses

NNPC, NLNG Sign $2.5b Gas Supply Contract

The Nigerian National Petroleum Corporation (NNPC) on Friday signed a $2.5 billion pre-payment agreement with the Nigeria Liquefied Natural Gas (NLNG) for upstream gas development projects to supply gas to Trains 1 to 6 of the plant. Speaking at the...

February 28, 2019 No Responses

Firm Secures Contract For Expedition Ship

Norwegian ship designer Ulstein has received a contract to design the fourth expedition cruise vessel for Miami-based SunStone Ships. The vessel, Ocean Explorer, will be constructed at the China Merchants Heavy Industries (CMHI) shipyard. Belonging to t...