Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Gas Flare Commercialisation Programme (NGFCP)

NGA Exco visits Minister, seeks Industry, Regulator synergy

Top executive members of the Nigerian Gas Association (NGA), led by the President, Mrs. Audrey Joe-Ezigbo, Wednesday in Abuja, paid a courtesy visit to the Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva. Their lead aim amongst others…

Four policies to drive down gas price in Nigeria loading

Strong indications are underway to show that current gas pricing crisis rocking the economy will soon become a thing of the past in no distant time. Otherwise, revelations from a recent gathering of key stakeholders in Nigerian gas sub sector,…

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…

Nigeria to earn over $3.5bn from Gas flare commercialisation scheme—Derefaka

The Program Manager, Nigerian Gas Flare Commercialisation Programme (NGFCP), Mr. Justice Derefaka has revealed that Nigeria is set to rake in well over $3.5bn worth of investments in the ongoing commercialisation of gas flaring across the 178 gas flare sites…

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…

Deadline extended as over 700 firms jostle for 178 gas flare site in N’Delta

The Program Manager, Nigerian Gas Flare Commercialisation Programme (NGFCP), Mr Justice Derefaka reaffirmed that “The submission date for the NGFCP Statement of Qualification (SOQ) has been extended to Thursday, 28th February, 2019 as opposed to the initial submission date of…

N’Delta now has 178 gas flare sites out of 16,000 in 90 countries—Agency

The Programme Manager, Nigerian Gas Flare Commercialisation Programme (NGFCP), Office of the Minister of State for Petroleum Resources, Mr. Justice Derefaka, has revealed that the intelligence of the agency has assist Nigeria to unmask additional gas flare sites in Niger…