Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Gas Flare Commercialization Programme (NGFCP)

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…

FG jerks up gas flare penalty to $2 per 1000scf, N50,000 fine on fake data

The federal government through the Ministry of Petroleum Resources has put paid to its earlier assurance to pursue the end of gas flaring in Nigeria by raising key penalties associated with gas flaring by International Oil Companies (IOCs). This was…