Business Hilights

Tracking Nigeria's Headline Business News Online

Justice Derefaka

Energy

Commericialising gas flare sites’ll turn Nigeria to LPG exporter—Derefaka

The Program Manager of the Nigerian Gas Flare Commercialization Programme (NGFCP), Office of the Minister of State for Petroleum Resources (MPR), Mr Justice Derefaka, has said that the ongoing efforts of the Ministry to commercialise gas flare sites will raise…

‘Poor demand, inadequate infrastructure key gas dev. issues in Africa’

Whereas Africa is gradually waking up to the understanding that gas, rather than oil holds the next money to be made in non-renewable resources, major nations with massive reserves are beginning to identify major challenges holding back development in gas….

Banking/Investments Energy

Gas Flaring in Nigeria Waste of Precious Natural Resource—Derefaka

The Program Manager of the Nigerian Gas Flare Commercialization Programme (NGFCP), Office of the Minister of State for Petroleum Resources, Federal Ministry of Petroleum Resources (MPR), Mr Justice Derefaka, in Lagos Tuesday, revealed that gas flaring remains a waste of…

Energy

‘Commercializing Gas flare to create 300,000 jobs, cut emission by 20,000mt yearly’

The Federal Government has again, assured that ongoing efforts for the internalization gas flaring in Niger Delta will not only drive in investment in excess of $3bn, but create over 300, 000 direct and indirect jobs and drop carbon emissions…

National Gas Policy to end gas flaring as 226 bids drag 178 gas flare sites—Minister

Clear chances of ending gas flaring in Nigeria is underway if the commitments currently deployed by the Federal Government through the Nigerian Gas Flare Commercialisation Programme (NGFCP) is anything to go by. Details of achieving the feat were made public…

FG loses $500m credit value in emitted 22m tonnes of carbon dioxide—Derefaka

“For the 22 million tonnes of carbon dioxide that we emit as a country, we lose approximately $500m emission credit value. If harnessed, we could power two to three liquefied natural gas trains and if used for power, we could…

Meet the new NGFCP Steering Committee chairman, Engr. Rabiu Suleiman

The recent appointment of the new Chairman of the Ministerial Steering Committee (SteerCo) of the Nigerian Gas Flare Commercialisation Programme (NGFCP), Engr. Rabiu Suleiman has shown the seriousness of the Federal Government in driving the gas flare commercialisation programme with…

Gas flaring’ll continue as far as no facility to harness it in most oil fields—Owan

The major factor encouraging the continuous flaring of gas in Nigeria’s oil fields remains the inability of oil exploration firms to install infrastructure to harness gas in most of the oil fields in the country. This was the submission of…

FG extends closing date for SoQs on Nigerian Gas Flare Commercialization Program

The Program Manager, Nigerian Gas Flare Commercialization Programme (NGFCP), Office of the Honorable Minister of State, Petroleum Resources, Justice Derefaka, Thursday, January 17, 2019, announced the extension of date for Submission of the Statements of Qualification (SOQs) of the Nigerian…

How to harness gas flaring for aggregate national development, by Derefaka

ABSTRACT: Global energy demand will nearly double by 2050. Most of the increase will come from the world’s emerging economies as a result of population growth and improved standards of living. The Nigerian Gas Flare Commercialization Programme (NGFCP) will play…