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Hong Kong to launch Nigeria’s 2nd largest refinery in A’Ibom

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Hong Kong firm to launch Nigeria’s 2nd largest refinery in Akwa Ibom

A Hong Kong oil firm is set to establish second largest refinery in Nigeria.

The proposed refinery will be sited in South-southern state of Akwa Ibom.

When completed, the refinery will be second largest after the ongoing Dangote Refinery in Lagos.

Following Nigeria’s quest and intense desire for Foreign Direct Investment especially in oil and gas infrastructure development, Blooming Faith Petroleum Ltd, a subsidiary of Blooming Faith Global Holdings Ltd. has concluded plans to partner with the Nigerian government to build and operate the 200,000 barrels per day capacity (BPD) refinery.

Senior management team of the organisation who are currently in Nigeria to kick-start the procedure for the project confirmed in a chat with newsmen in Abuja that successful meetings were held with the leadership of the Nigerian National Petroleum Corporation (NNPC) with a view to forming a strategic relationship for the purpose of producing refined products to shore up domestic consumption in Nigeria.

Speaking on the development, chairman of the company, Dr. Robert Yeung, stated that the company’s interest in building a refinery was fired up by the discovery that Nigeria, a major oil producing nation in the world relies on importation of refined products to attend to its domestic needs.

“We became immediately interested for two basic reasons, first, as a business entity we have identified the fact that there is a vacuum to be filled, hence there is market for our produce when we get started. 

“This is so because the government of Nigeria will not import what it can access locally as being produced by refineries in-country.

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“And secondly because of our confidence in Nigeria as an investors destination of choice in Africa as we know that with a population of almost 200 million people we can never get it wrong with the country and its people.

“We have no interest in exporting refined products as our basic objective is to produce refined petroleum products for the Nigerian market, discussions are currently on-going with the NNPC and the Department of Petroleum Resources and we hope at the end we will get all necessary approvals as we are ready to commence immediately with 100 percent funding capability.”

Also speaking on the issue Mr. John Erigwe, the company’s International Operations Director stated that the company has the financial capability and technical expertise to see the project through. 

According to him the company is deeply interested and highly committed to investing in Nigeria’s economy and it is for this reason we sought the audience of the leadership of the NNPC under the Honourable Minister of state for Petroleum resources, Dr. Ibe Kachikwu to meet and present our ideas and proposals to the corporation.

“We are fully interested in doing business in Nigeria and we don’t require any road-show to put our funds in the Nigerian economy as we have done our feasibility studies and risk analysis to conclude that Nigeria in spite of bureaucratic bottlenecks is still an investor’s choice destination.

Our refinery if approved and completed would be second in size and output capacity in Nigeria second only to the ongoing Dangote refinery which we gathered would commence operations in 2019.

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“Nigeria surely needs these types of investments to boost local production of refined products as it is unheard-of to have a particular commodity in commercial quantity and be unable to maximize its usage for the benefit of its people, and we as investors have seen considerable seriousness for direct foreign investment from the current administration and that is a major part of our motivation,” he said.

The company hopes to site its refinery in Akwa-Ibom state, and also announced its desire to ensure that the refinery is built to a world-class standard upon completion, one that would be a reference point in the refining business in Africa immediately it kicks off.

Highlighting the issues further, Mr. Yemie Adeoye, producer Energie Platform and CEO of D’ Alphaxristi Ltd, consultants to the investors stated that it is pertinent that the government eases the pathway to investments as a way of encouraging investors to commit funds to projects.

“This is one of those investments that will have direct impact on the ordinary Nigerian people and the government should give such project immense priority.

“Investors must be encouraged with incentives and access to government support when required. 

“For instance while the government is traveling around the world to woo investors, Blooming Faith international of Hong Kong came down to Nigeria to kick-start the investment process for their organization in Nigeria. 

“In my humble opinion these types of investors who have shown this level of seriousness should be treated with high level seriousness, granted concessions where necessary and requested and most importantly to such businessmen is the ease of investment process.

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“This project, between construction and completion would generate thousands of job opportunities for Nigerians both directly and indirectly and in a country where the unemployment rate is on the high, this is not an opportunity the federal government can afford to treat with levity,” he enthused.

Blooming Faith International is a Hong Kong based hydra-headed organization with investments and operations cutting through Oil, gas, power, renewable energy, finance, agriculture, healthcare services and drugs manufacturing.

It would be recalled that Nigeria’s Minister of State for Petroleum, Dr. Ibe Kachikwu, was in China a few days ago to create investment awareness for the Nigerian economy.

The very successful road show is bringing into the Nigerian economy about $100 billion for oil and gas infrastructure.

© Copyright 2015 www.elombah.com. Send eyewitness accounts/reports/articles to publisher@elombah.com; follow us on twitter handle @Elombah; like our Facebook page: “Elombah.com”

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Tinubu Secures Fresh $238m Loan from Japan

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President Bola Ahmed Tinubu

Nigeria has secured a $238 million loan from the Japan International Cooperation Agency (JICA) to support the expansion and modernization of the national power grid.

The deal, confirmed during engagements at the ninth Tokyo International Conference on African Development (TICAD9) in Yokohama, Japan, reflects a strategic shift towards implementation-driven energy development.

President Bola Tinubu highlighted that Nigeria’s participation at TICAD9 focused on concrete, outcome-oriented partnerships rather than ceremonial diplomacy.

“We are moving from planning to implementation, from agreements to delivery, and from promises to measurable results,” he said.

Details of the JICA Loan Project

The $238 million loan, supported by a Federal Executive Council counterpart funding of ₦19,083,192,805.30, will finance significant upgrades to Nigeria’s transmission infrastructure.

Key components of the project include:

Construction of 102.95 km of new 330kV double-circuit lines

Construction of 104.59 km of 132kV double-circuit lines

Development of four 330/132/33kV substations and two 132/33kV substations

Multiple line bay extensions to improve efficiency and reduce system losses

According to Minister of Power, Chief Adebayo Adelabu, the partnership with Japanese companies such as Toshiba, Hitachi, and Japan’s Transmission & Distribution Corporation is essential for unlocking Nigeria’s energy potential.

“Our focus is on transmission infrastructure, operational efficiency, and strategies to reduce system losses.

This $238 million loan from JICA provides the backbone for that transformation,” Adelabu explained.

Adelabu acknowledged Japan’s consistent support for Nigeria’s power sector, highlighting contributions in infrastructure, technical studies, training, and financing.

He emphasized that JICA’s backing is critical to expanding access to reliable, affordable, and sustainable electricity across the country.

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The project aims to strengthen Nigeria’s power transmission network, improve system reliability, and enhance overall efficiency, ultimately supporting industrial growth and meeting rising electricity demand nationwide.

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News

‘Gate of Hell’ Will Open on Gaza’– Israeli Defence Issues Finally Warning to Hamas

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Hamas militants kill Israeli male hostage, injured two female hostages in Gaza

Israeli Defence Minister Israel Katz has issued a fierce warning to Hamas, declaring that Gaza City will face complete destruction if the militant group refuses to accept Israel’s conditions for ending the war.

Katz, in a statement shared on social media on Friday, August 22, 2025, used sharp words to describe Israel’s next steps.

He said the “gates of hell” would open on Hamas if it failed to disarm and release all hostages.

“Soon, the gates of hell will open upon the heads of Hamas’s murderers and rapists in Gaza until they agree to Israel’s conditions,” Katz wrote.

He added that if Hamas refused, Gaza City would suffer the same fate as Rafah and Beit Hanoun, two cities previously flattened by Israeli offensives.

His comments mark one of Israel’s strongest warnings since the escalation of the conflict.

The minister’s remarks came only hours after Prime Minister Benjamin Netanyahu announced that negotiations had been ordered to free the hostages held in Gaza.

Netanyahu explained in a video address that Israel’s military operation in Gaza City would not stop during talks. “Defeating Hamas and releasing our hostages go hand in hand,” he said.

The prime minister also confirmed the mobilisation of 60,000 reservists to join the offensive.

Meanwhile, mediators have been waiting for Israel’s response to a ceasefire plan that Hamas accepted earlier in the week.

The proposal suggests a phased release of hostages, but Israel insists that only a deal ensuring the release of all captives at once will be accepted.

Israel’s hardened stance has sparked growing concern worldwide.

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International leaders have cautioned that an expanded assault on Gaza City could worsen the humanitarian disaster already unfolding in the region.

Gaza’s health ministry says more than 62,000 Palestinians, most of them civilians, have been killed since Israel’s military campaign began.

The United Nations considers these figures credible.

The war was triggered by Hamas’s October 2023 attack, which left 1,219 people dead in Israel, mostly civilians.

Since then, the conflict has intensified, with both sides showing little sign of compromise.

With Katz’s threat to turn Gaza City into rubble if demands are not met, the conflict appears to be entering an even deadlier stage.

The international community continues to press for a ceasefire, but Israel’s leadership insists that victory over Hamas and the release of all hostages remain its top priorities.

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Health

NAFDAC Raises Alarm as Fake Cowbell Milk Floods Nigerian Markets

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised alarm over the circulation of fake Cowbell “Our Milk” 12g sachets in Nigeria.

In a statement issued on Friday, August 22, 2025, the agency explained that the counterfeit milk is packaged to look like the discontinued Cowbell “Our Milk,” but it is unauthorised and unsafe for consumption.

Fake cowbell milk.

NAFDAC clarified that Promasidor Nigeria Ltd, the authentic manufacturer, stopped producing Cowbell “Our Milk” in September 2023.

The product was replaced with Cowbell “Our Creamy Goodness.” Despite this, fake versions of the old product have found their way into Nigerian markets.

Picture of Fake cowbell milk.

Picture of Fake cowbell milk.

The counterfeit sachets bear the brand name, NAFDAC registration number, and familiar packaging design, making them difficult for unsuspecting buyers to identify as fake.

Health Dangers of Fake Cowbell Milk

NAFDAC warned that the consumption of these counterfeit products poses serious health risks.

Fake milk could contain toxic chemicals, harmful additives, or diluted ingredients that endanger human health.

Infants, children, pregnant women, and the elderly are the most vulnerable. Possible dangers include:

  • Foodborne illnesses
  • Allergic reactions
  • Organ damage
  • Long-term health complications
  • In extreme cases, death

Counterfeit Product Details

  1. Product Name: Cowbell “Our Milk” 12g sachet
  2. Purported Manufacturer: Promasidor Nigeria Ltd
  3. Production Date: 04/2025
  4. Expiry Date: 12/2028

Picture of original cowbell milk.

NAFDAC Issues Strong Warning

The agency urged Nigerians to remain vigilant and avoid purchasing the counterfeit milk.

Healthcare professionals, distributors, and consumers have been advised to report suspicious sales of substandard or fake products immediately.

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Reports can be made through:

The nearest NAFDAC office

Toll-free line: 0800-162-3322

Email: sf.alert@nafdac.gov.ng

NAFDAC also called on traders and retailers to stop selling the fake sachets.

The agency assured the public that strict enforcement measures are being taken to remove the counterfeit products from circulation.

This is not the first time Nigerians have faced risks from fake food and beverages.

Experts warn that counterfeit consumables are becoming more sophisticated, often making them difficult to spot.

Consumers are advised to always check product details, expiry dates, and packaging changes announced by manufacturers.

By highlighting the dangers and raising awareness, NAFDAC says it hopes to protect Nigerians from avoidable health crises linked to fake milk products

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Africa

‘Misplaced Priority’: Peter Obi Blasts FG’s ₦142bn Bus Terminal Project

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Former Labour Party presidential candidate Peter Obi has slammed the Federal Government’s approval of ₦142 billion for the construction of bus terminals across Nigeria, describing it as a reckless misplacement of priorities.

Obi issued a statement on Friday, August 22, via his Official X formerly Twitter platform, warning that the project reflects poor leadership and lack of focus in managing Nigeria’s limited resources. He titled his statement, “₦142 Billion for Bus Terminals.”

According to him, the true test of leadership is how scarce resources are prioritized.

He stressed that investing such a huge amount in bus terminals while critical sectors like healthcare suffer shows a government that is out of touch with citizens’ realities.

Obi said: “The difference between success and failure in any nation is how leaders prioritise resources.

The decision to spend ₦142 billion on six bus terminals exposes a lack of competence and vision. It is a clear sign of poor leadership.”

The Federal Executive Council had recently approved the funds for the construction of one modern bus terminal in each of the six geopolitical zones.

The government described it as part of efforts to modernise transport infrastructure and improve mobility nationwide.

But Obi strongly disagreed. He compared the allocation to healthcare funding, pointing out that the combined budget for all teaching hospitals and federal psychiatric centres in Nigeria is less than ₦100 billion in the 2024 budget.

“This is disturbing,” Obi continued, “because health remains one of the most critical sectors of development. Yet it is underfunded and deteriorating rapidly.

The World Health Organization has reported that over 20 million Nigerians live with mental health conditions.

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This is a tragic irony. How can the government ignore this crisis and focus on bus terminals?”

He argued that the health sector, alongside education and poverty reduction programs, deserves priority attention.

Obi insisted that until government spending reflects the real needs of Nigerians, the country will remain trapped in poor governance.

Many Nigerians have also taken to social media to express anger, echoing Obi’s concerns. Critics argue that the decision proves the Federal Government is disconnected from the economic struggles of ordinary citizens.

For Obi, the ₦142 billion project is not just a case of wrong timing.

He sees it as a clear example of governance failure and misplaced priorities.

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News

Why I’ll never encourage my son to visit Nigeria — Taribo West

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Taribo West

Former Super Eagles defender, Taribo West, has strongly criticized the treatment of Nigerian football legends, vowing never to encourage his son to set foot in Nigeria due to the neglect shown to the country’s sports heroes after their deaths.

Speaking passionately during the burial ceremony of late goalkeeper Peter Rufai, in a video shared by News Central on Friday, the former Inter Milan star expressed his deep disappointment with the Nigeria Football Federation (NFF) and the Lagos State Government for allegedly abandoning Rufai’s family during their time of need.

“It’s disheartening that you have Lagos State, you have the Nigerian Football Association, and yet they drop the entire burden on the family,”West lamented.

He revealed how deeply Rufai’s passing affected him, saying: “My mother passed on, I never shed tears. My father passed on in my hands, I never shed tears. But when Rufai passed on, I had goose pimples all over my body. Tears were rolling down my cheeks. What kind of nation is this?”

West didn’t hold back in recalling similar neglect faced by other late football icons like Stephen Keshi, Rashidi Yekini, and Thompson Oliha.

He condemned the consistent abandonment of ex-players who had sacrificed so much for the country, stating that such treatment discourages him from allowing his children to represent Nigeria in football.

“With this kind of example, I will never advise even my son to put his feet for this country. Send me out! Do we have a Football Federation or a Football Association in this Lagos State? That this hero, this soldier, this football evangelist, has to be treated this way in his family”, he said.

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The former defender also highlighted the financial struggles faced by Rufai’s family, revealing that they had to solicit funds from friends and well-wishers just to cover burial costs.

“Could you imagine that the family would be crying just to solicit within our groups to ask for money? That is madness”, he exclaimed, visibly frustrated.

Peter Rufai, fondly known as “Dodo Mayana,”was Nigeria’s first-choice goalkeeper during the nation’s victorious 1994 Africa Cup of Nations campaign and its debut at the FIFA World Cup the same year.

He passed away in July 2025, leaving behind a legacy that has reignited conversations about the lack of support and respect for retired athletes in Nigeria.

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