South-South Nigeria; a coastal oil and gas hub named after the Qua Iboe River
UTM Offshore aims to reach a Final Investment Decision in September on a roughly $3 billion floating LNG plant at the Yoho field, 60 km off Akwa Ibom. It would export 1.5–1.8 mtpa LNG and supply 300,000–500,000 tonnes of LPG domestically, backed by a 15-year gas sale agreement and financing from Afreximbank, with NNPC Limited and Delta State owning stakes.
The 20 prospective NYSC members abducted on 1 October are being rescued with police and security agencies conducting a sustained operation. Families have pressured authorities as ransom demands surface and debates on NYSC deployment reforms intensify.