PETROLEX PLANS $3.6BN OIL REFINERY INVESTMENT FOR OGUN STATE.

Nigeria is set to get another new oil refinery as a government push to end fuel imports attracts investors to the industry.

Petrolex Oil & Gas Limited plans to build a $3.6bn plant with a capacity of 250,000 barrels a day, its Chief Executive Officer, Segun Adebutu, said in an interview with Bloomberg in Lagos. The closely held company is working on the “front-end engineering design” and will complete construction in 2021, he said.

Nigeria, Africa’s biggest oil-producing nation, doesn’t have adequate refining capacity and imports at least 70 percent of its needs. A government pledge to end such purchases in the next two years by building local capacity has lured investors, including Africa’s richest man, Aliko Dangote, who is constructing a 650,000-barrel-a-day refinery. Meanwhile Saipem SpA and other international companies are in talks to rehabilitate the country’s three existing plants.

Petrolex, whose CEO started an oil and fuel trading business about 12 years ago, has also built a storage tank farm and other mid-stream infrastructure for $330m, Adebutu said.

The inauguration of the tank farm and the start of the refinery construction, both at the same site in Ibefun, Ogun State, is planned for this month.

The tanks are connected to a pipeline at Mosimi, which will transport products around the country, according to the CEO, who sees a big market in Nigeria’s 180 million-strong population. Petrolex will finance the refinery project with loans from local and international lenders, as well as its own revenue, he said.

The company also plans a fertilizer plant and lubricants facility as well as a liquefied petroleum gas plant, Adebutu said.

Petrolex is targeting listing on the Nigerian Stock Exchange in the next 10 years to ensure the business outlives its owners and can fund future expansion, according to Adebutu.

“By the next five years, we would have achieved a significant amount of our ambition, then begin strategy talks with the stock exchange,” he added.

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World Cup's first-ever reusable stadium, from building blocks made from shipping containers.

Ras Abu Aboud is one of the venues that will host the World Cup in 2022 in Dubai. It will also be the first-ever venue that can be taken down and reassembled.

The 40,000-seat stadium will be built on Doha's southern waterfront and will host matches up to the quarter-final stage. After the tournament, the stadium will be disassembled, gently, with each piece carefully placed into containers to be reassembled and used in another location.

"This venue will be unique in that it will be capable of being reassembled in a new location in its entirety," said Javier Iribarren, founder of the a Madrid-based company, Fenwick Iribarren, the firm designing the venue and another tournament venue, the Qatar Foundation Stadium.

“The building will be made up of modified shipping containers,” said Iribarren. “This will make the process of putting it up and taking it down simple and easy.”

The firm got the idea of constructing a reusable stadium after one of the architects watched his child play with a Lego set.

See video....FIRST REUSABLE WORLD CUP STADIUM

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WOULD YOU LOVE TO PASS TIME IN THESE PRISONS?

11 photos of prisons from around the world that defy American stereotypes of 'hard time'

YOU WOULD ALWAYS LOVE TO BE A PRISONER WITH THIS PRISON HOUSES!



Source....http://www.pulse.ng/bi/tech/tech-11-photos-of-prisons-from-around-the-world-that-defy-american-stereotypes-of-hard-time-id6484444.html

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EFCC Discovers N15bn Hidden Money In Ikoyi Lagos Home

EFCC Discovers N15bn Hidden Money In Ikoyi Lagos Home.........

The whistle blowing policy of the Federal Government is paying off positively as the Economic and Financial Crimes Commission today stormed a residential building in the 7th Floor of a four - bedroom apartment at Osborne Towers located at 16, Osborne road Ikoyi, Lagos, where a humongous find of foreign currencies and Naira notes to the tune of $43.4m, £27,800 and N23.2m was uncovered.

The operation followed a whistle blower's confidential alert received by the Commission's Lagos office this morning regarding some noticed suspicious movement of bags in and out of a particular apartment in the building. According to the source, the movers of the bags, make believe that they bring in bags of clothes.

Another source who is conversant with the apartment of interest indicated that some woman usually appeared on different occassion with Ghana Must Go bags. " She comes looking haggard, with dirty clothes but her skin didn't quite match her outward appearance, perhaps a disguise", the source said.

On getting to the building, operatives met the entrance door locked. Inquiries from the guards at the gate explained that nobody resides in the apartment, but some persons come in and out once in a while. In compliance with the magisterial order contained in the warrant, the EFCC used minimum force to gain entrance into the apartment.

Monies were found in two of the four bedroom apartment. Further probe of the wardrobe by operatives in one of the rooms, was found to be warehousing three fire proof cabinents disguisedly hidden behind wooden panels of the wardrobe. Upon assessing the content of the cabinets, neatly arranged US Dollars, Pound Sterling and some Naira notes in sealed wrappers.

Preliminary findings indicate that the funds are suspected to be proceeds of unlawful activity.
The facility is said to be owned by Osborne Towers Resident Association.
Investigations are ongoing.

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5 PROVEN WAYS TO BOOST YOUR BLOGGING CAREER

Blogging is in no doubt the best way to amplify your brand name. Blogging sometimes requires an individual to first obtain a domain name and a blog host. This is followed by creating a FREE or PAID blogging platform such as Blogger or Wordpress. Once this is achieved, you can therefore, go aboard on an expedition of formulating content that will be of significance to your readers and followers alike. In order to start a successful blogging career and generate revenues from it, here are the 5 proven steps I took as a beginner:

CREATE AN IDEA

Blogging as a career needs meticulousness and a prior preparation. It is highly essential to make up your mind up on the niche you want to blog about. You equally have to understand your immediate and long-standing blogging objective with regards to the subject you wish to write about. There must also be a patent rationale that communicates what you propose to write during the first few weeks of publishing as well as the rest of your blogging career.

Related.........http://hollalaycan.blogspot.com.ng/2016/12/top-10-trendy-businesses-with-high.html

QUALITY VISUAL CONTENT MUST BE CREATED  

You must ensure to have unique images and graphics that make your contents appealing. The photos, images, videos and other graphic materials that you incorporate in your blogging endeavors can either damage or optimize your blog. In order to get quality visual content, learn the art of graphic design or solicit for the help of an expert.

See also........http://hollalaycan.blogspot.com.ng/2016/11/5-hidden-secrets-that-earned-me.html

BUILD UP STRONG FOLLOWERSHIP AND EMAIL SUBSCRIBERS

Passionate followership is a very crucial part of building a successful blogging career. Creating and increasing a mailing list also plays a fundamental role in similar measure when starting and sustaining blogging. A mailing list enables a blogger to push notifications to followers and prospective visitors. This also drives traffic for the new blog as different to totally relying on search engines. 

Helpful topic........http://hollalaycan.blogspot.com.ng/2016/10/before-i-sacked-my-boss-here-is-what-i.html

CONSISTENT BLOGGING

Carving a niche in your blogging endeavor requires consistency. It is not just about writing a small number of posts and be relaxed. If you want to attract and maintain cult

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