Connect with us

Business

TETRACORE ENERGY GROUP BOOSTS NIGERIA’S ENERGY SECURITY AND LEADS AFRICA’S ENERGY SECTOR WITH NEW LNG FACILITY

Published

on

TETRACORE ENERGY GROUP BOOSTS NIGERIA’S ENERGY SECURITY AND LEADS AFRICA’S ENERGY SECTOR WITH NEW LNG FACILITY

By
Chinedu Nsofor

In a significant development aimed at bolstering Nigeria’s energy security, Tetracore Energy Group has been lauded for its latest investment in a 10 million standard cubic feet per day (MMscfd) LNG facility. The Minister of State for Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, praised Tetracore Energy Group during the commissioning of their 6.1 MMscfd Compressed Natural Gas (CNG) facility and the groundbreaking ceremony for the 10 MMscfd LNG plant at Atakobo, Ogun State.
Ekpo emphasized that these facilities are crucial for promoting cleaner energy and enhancing the country’s energy security. He applauded Tetracore Energy Group for their vision and dedication to advancing Nigeria’s gas infrastructure, stating that the projects align with the national strategy to diversify energy sources.
Mr. Ekpo highlighted the pivotal role of natural gas in the global energy transition, noting its cleaner alternative to traditional fossil fuels and its support for integrating renewable energy sources. The LNG facility, in particular, is expected to expand in-country processing capabilities and provide feedstock to gas-based industries nationwide.
“These developments are critical components of our strategy to diversify energy sources, promote cleaner energy, and ensure energy security for our people,” said Ekpo.
State and Local Government Support
Representatives from various levels of government also expressed gratitude and support for Tetracore Energy Group’s initiatives. Dr. Ola Aikulola, the Permanent Secretary of the Ministry of Industry, Trade, and Investment for Ogun State, highlighted how Tetracore’s efforts in gas penetration and utilization align with Governor Dapo Abiodun’s goals for sustainable energy solutions.
In addition, Mr. Sesan Odukoya, Head of the Oil and Gas Department at the Lagos State Ministry of Energy and Mineral Resources, emphasized the strategic partnership between Lagos and Ogun states in developing CNG and LNG facilities. He congratulated Tetracore Energy Group on their achievement and underscored the positive impact on energy security and clean energy promotion.
Mr. Olalekan Williams, CEO of Tetracore Energy Group, highlighted the company’s capacity to deliver up to 70 million standard cubic feet of gas per day to multiple customers. He described the state-of-the-art CNG satellite complex and thanked both federal and state governments for their support and policies that enabled the realization of these projects.
Williams also emphasized Tetracore’s commitment to ensuring that their operations benefit all stakeholders, from employees to the communities where they operate.
Tetracore Energy Group Affiliates
In addition to the milestone, Tetracore is renowned for its affiliates that have made significant strides across multiple countries through their diverse and innovative subsidiaries. Each branch of Tetracore is dedicated to providing sustainable, reliable, and efficient energy solutions tailored to the unique needs of their respective regions. Here’s a closer look at the various affiliates under the Tetracore umbrella and their key contributions to the energy landscape.
Tetracore Gas Nigeria Limited
Tetracore Gas Nigeria Limited stands at the forefront of natural gas distribution in Nigeria. Established with the mission to become the preferred natural gas distributor, the company offers traditional pipeline solutions alongside innovative virtual pipeline systems such as Compressed Natural Gas (CNG). Tetracore Gas Nigeria is committed to delivering safe, reliable, and convenient gas to homes, businesses, and industries across Nigeria, thereby enhancing energy accessibility and reliability.
Tetracore Energy Gas Ghana Limited
Mirroring the success of its Nigerian counterpart, Tetracore Energy Gas Ghana Limited aims to revolutionize the energy sector in Ghana. By focusing on reliable, sustainable, and cost-effective energy solutions, this subsidiary plays a crucial role in driving economic growth in the West African region. The company’s initiatives are designed to provide substantial benefits to both the urban and rural communities, fostering a more robust energy infrastructure.
Tetracore Energy Ghana Limited
Tetracore Energy Ghana Limited shares the same vision as Tetracore Energy Gas Ghana Limited, emphasizing sustainable energy solutions that propel economic development. With a strategic approach tailored to the unique needs of Ghana, the company is committed to replicating the success achieved in Nigeria, thus bolstering the region’s overall energy efficiency and stability.
Tetracore Energy Limited
Serving as the central hub, Tetracore Energy Limited coordinates the policies, management, and administration of its network of associated businesses. This strategic center enhances efficiency and profitability across the group. Additionally, Tetracore Energy Limited actively invests in other companies and manages those holdings, creating a synergistic effect that maximizes the potential of each affiliate under its umbrella.
Tetracore Power Company Limited
In the realm of electricity, Tetracore Power Company Limited operates extensively across generation, transmission, and distribution sectors. By ensuring sustainable and affordable electricity, Tetracore Power addresses one of the critical needs of the modern energy market. Moreover, the company provides consulting services aimed at further developing the electricity industry, making significant contributions to the sector’s overall growth and innovation.
Tetracore Equatorial Guinea
Tetracore Equatorial Guinea focuses on extending the successful strategies implemented in Nigeria to Equatorial Guinea. The subsidiary is dedicated to providing reliable, sustainable, and cost-effective energy solutions that stimulate economic growth within the Central African frontier. This expansion is a testament to Tetracore’s commitment to transforming the energy landscape across multiple African nations.
Tetracore Energy Project and Servicing Limited
Specializing in oil and gas well operations, Tetracore Energy Project and Servicing Limited offers comprehensive services from exploration and development to production and decommissioning. The company is involved in bidding for contracts related to offshore and onshore drilling, evacuation, and development services. Additionally, it provides essential equipment and personnel for the oil and gas sector through leasing and chartering, ensuring seamless operations at every stage of the project lifecycle.
Tetracore Petroleum Development Company Limited
Operating across the entire oil and gas industry spectrum, Tetracore Petroleum Development Company Limited manages upstream, midstream, and downstream activities. From acquiring licenses and drilling wells to operating refineries and marketing fuels, this subsidiary exemplifies Tetracore’s holistic approach to the energy sector. The company’s integrated operations ensure a streamlined process from resource extraction to the delivery of refined products to consumers.

Conclusion
Tetracore Energy Group Limited, through its dynamic and specialized subsidiaries, is shaping the energy future of Africa by leveraging innovative technologies and sustainable practices. The inauguration of its CNG and LNG facilities in Nigeria marks a significant milestone towards energy security and sustainability, driving economic growth, job creation, and improved quality of life while aligning with global climate goals. Tetracore’s commitment to advancing gas infrastructure and enhancing energy access solidifies its role as a leader in the global energy market.

Continue Reading
Advertisement

Business

LX Group CEO BIGLX Takes Cryptocurrency To The Next Level ….Why You Should Invest

Published

on

LX Group CEO BIGLX Takes Cryptocurrency To The Next Level

….Why You Should Invest

The LXGROUP CEO by name GODWIN GREGORY IBEGBU popularly known as BIGLX has proven that he is on a mission to take cryptocurrency to the next level. He said dreams do come true and I am a living testimony to that.

 

The Fastest growing cryptocurrency brand had driven a strong force in the crypto space within its reign of one year and eight months after several years of working under his former bosses. He gave cryptocurrency a chance and it has given him his financial freedom. Success doesn’t just come in a day but by work In progress. The newly cryptocurrency brand has recorded over 800-1000 users during this period of time making them run a total transaction of 1.1Billion naira in just a year and 8 months.

The lxgroup was officially rebranded from its former name LordBtc Exchange which started with $5-$100 customers repeatedly for 5 months not quite long started getting more users who wanted to give a try and after their first transaction with the brand they got stocked to the brand and introduced the lxgroup to their own fellow friends and now they have been a wave in the crypto space with notable users in the space of a year and eight months.

He added, “I have learnt to be patient and cut off from people who want to compete”.

“According to the records, LX and his team have transacted and processed out a total of $670K during this time frame making them efficient and reliable for its users. I will say this again for the records over a year plus with an additional 8 months ago, no adverts nothing just myself and the team have witnessed lxgroup been used by many, trusted by thousands, and has successfully processed a total payment of 1.1Billion Naira in transactions across its banks to customers. Further more he said I LX love you all, for supporting me and the brand for years now isn’t easy with the trust, the refers and the trades are noticed, we have also worked hard over the years making sure we improve in serving you better without compromising your trust and we are pleased to say greater things awaits lxgroup. Also I urge you all to keep trading with us as we will Never disappoint you all.”

LX Group CEO BIGLX Takes Cryptocurrency To The Next Level

....Why You Should Invest

Continue Reading

Business

FIRS Launches USSD Code *829# for taxpayers’ satisfaction

Published

on

FIRS Launches USSD Code *829# for taxpayers’ satisfaction

 

In a bid to enhance ease of doing business, the Federal Inland Revenue Service (FIRS), on Wednesday, launched an Unstructured Supplementary Service Data (USSD) Code *829# specifically targetted at improving taxpayers’ satisfaction.

FIRS chairman, Zacch Adedeji, launched the code at the Revenue House in Abuja as part of activities making this year’s Customer Service Week which has the theme Above and Beyond.

The initiative makes Nigeria the sixth African country to deploy USSD code for simplifying tax payment processes. .

A statement by Dare Adekanmbi, Special Adviser on Media to the FIRS chairman said taxpayers on any mobile telecommunication network in the country can now get across to FIRS real-time on issues relating to retrieval of Taxpayers Identification Number (TIN), verification of Tax Clearance Certificate (TCC), information on tax types and rates, locate the nearest FIRS office, and as well as get answers to general tax-related inquiries.

Speaking at the ceremony, Adedeji said the instant messaging protocol demonstrated further commitment of the agency to simplifying tax administration and ensuring that “every taxpayer—whether in bustling cities or remote areas—can engage with FIRS seamlessly.”

He called on taxpayers to enjoy the benefits that the USSD code offers and utilise the code for all their enquiries.

“With the *829# USSD code, taxpayers now have the power to: retrieve their Taxpayer Identification Number (TIN), verify their Tax Clearance Certificate (TCC), access information on tax types and rates, locate the nearest FIRS office, and get answers to general tax-related inquiries.

“Without the need for internet access, all of these services are now available with a simple mobile phone. This technological leap reflects our dedication to creating a tax system that is efficient, transparent, and responsive to the needs of taxpayers”, he said.

The agency also launched Customer Centricity Guide, a booklet containing policies, processes and procedures to ensure that FIRS keeps the taxpayers in their rightful position as ‘kings.’

“Equally important is the unveiling of the Customer Centricity Guide. This guide embodies our commitment to putting taxpayers at the centre of our service delivery.

“It outlines the principles and values that will drive our interactions with taxpayers by ensuring that every engagement is defined by respect, professionalism, and efficiency.

“The guide serves as a reminder to us all that the taxpayer is not just a client, but a valued partner in nation-building. Through the combination of the *829# USSD code and the Customer Centricity Guide, we are reinforcing a culture of service excellence and making tax compliance not just a duty but an experience that fosters trust and voluntary participation.

“As we celebrate this achievement, I encourage everyone to make full use of the *829# service and embrace the Customer Centricity Guide. Your feedback will be crucial as we continue to enhance these services and meet the evolving needs of our taxpayers,” he said.

The national coordinator of Servicom, Nnenna Akajemeli, praised the effort of the FIRS towards taxpayers’ satisfaction, noting that the efforts are evident.

“There are many things to congratulate the FIRS on. One is the launch of the USSD code *829# and the customer centricity guide. These initiatives which are simplifying tax and ensuring that citizens and taxpayers are delighted at the quality of service you render,” she said.

FIRS Director, Taxpayers’ Service Department, Loveth Onanuga noted the agency recognized that customer-centricity means more than just satisfying customers’ basic wants, but also going “above and beyond what customers anticipate and astonishing them with great service” in line with the theme of the week.

 

 

CAPTIONS USSD 1-3

L-R, Coordinating Director, People Services Group, Anthony Okonkwo; Coordinating Director, Services Support Group, M.L Abubakar; Coordinating Director, Compliance and Enforcement Group, Matthew Gbonjubola; Coordinating Director, Medium Taxpayers’ Group, Dick Irri; Chief of Staff, Tayo Koleosho; chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji; Coordinating Director, Corporate Services Group, Mrs Bolaji Akintola; Coordinating Director, Special Duties, Tamadi Shettima; Coordinating Director, Large Tax Group, Ms Aminat Ado during the unveiling of the agency’s USSD code *829# at the FIRS headquarters in Abuja, on Wednesday.

Continue Reading

Business

Fidelity Bank improves ease of Revenue Collection with Tax Booths

Published

on

Fidelity Bank improves ease of Revenue Collection with Tax Booths

 

 

As part of initiatives towards increasing efficiency in revenue collection in Anambra State, leading financial institution, Fidelity Bank Plc, has donated 10 units of tax booths to the Anambra State Internal Revenue Service (AIRS).

Commenting on the donation, the Regional Bank Head, Awka, Fidelity Bank Plc, Dr. Nosa Orumwense, explained that the donation is borne out of the bank’s devotion to creating solutions for its customers.

“For nearly four decades, Fidelity Bank has been dedicated to meeting the banking needs of Nigerians with customized solutions. Whether through thoughtfully designed products or exceptional services, we have established ourselves as the preferred bank for individuals looking to grow, businesses interested in prospering and economies that want to prosper.

“Today’s donation to AIRS is a first-of-its-kind initiative in Nigeria and would go a long way in smoothening the experience with tax payment and collection for individuals and the Anambra State government respectively. We are grateful for the opportunity to partner with the government on this project and commit to do more”, explained Dr. Orumwense.

Named the “Fidelity Bank AIRS Small-Tax Hubs,” these booths are customized, secure, and user-friendly self-service terminals designed for efficient banking transactions. They are equipped with both mains and solar power sources to ensure continuous operation, and they connect to the internet for real-time transaction processing.

At the commissioning ceremony, Chairman of Anambra State Internal Revenue Service, Dr. Greg Ezeilo, FCA expressed gratitude for the donation, calling the gesture “a dream come true.” An elated Dr Ezeilo praised Fidelity Bank for the groundbreaking support while promising that the hubs would be utilized effectively.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged commercial bank with over 8.3 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

Continue Reading

Cover Of The Week

Trending