Business Hilights

Tracking Nigeria's Headline Business News Online

Niger Delta region

FG needs $3.5b inward investments to drive flared gas commercialization target by 2020

Nigeria, Africa’s leaders in natural gas deposit loses approximately $10 billion of revenue through gas flaring, due to inability to capture and commercialise flared gas in oil producing communities. However, the country is now in need of $3.5 billion worth…

Just in: NDA calls off ceasefire, declares IOCs, installations persona non-grata

Anxiety has engulfed the oil-rich Niger Delta region which has witnessed relative peace since this year. This is coming on the heels of an announcement by the Niger Delta Avengers (NDA), Friday afternoon on its website, that it has called…

Henceforth site refineries only in producing areas—SE-SSG Forum

The real deal of the newly inaugurated South-East/South-South Governors’ Forum (SE-SSG Forum), who had their inaugural meeting in Enugu State recently, has emerged. In a statement endorsed by the interim chairman and Governor of Akwa Ibom State, Mr. Udom Emmanuel,…

FG’s silence on Varsity, community refineries may return hostilities in N’Delta

Palpable tension is gradually brewing across the oil communities over what some of their leaders and notable critics see as official silence of the federal government on key demands for peace made by the Niger Delta region. Though a government…

NASS steps up legislative work on Gas Flaring Bill 2017, holds public hearing Tuesday

The National Assembly has started serious work on the passage of the Gas Flaring (Prohibition and Punishment) Bill 2017 as part of moves to return air safety in the nation’s oil region. A usually confident source at the NASS told…