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Tag: flaring

News
Reps launch investigation into annual $9.5 billion loss from gas flaring

Reps launch investigation into annual $9.5 billion loss from gas flaring

July 25, 2023July 25, 2023 AGS

The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has taken a significant step in tackling the pressing issue of gas flaring in Nigeria. He inaugurated an Ad hoc Committee with the specific mandate of investigating the alleged $9.05 … Continue reading Reps launch investigation into annual $9.5 billion loss from gas flaring

Business
FG unable to recover N13.33bn gas flaring fines

FG unable to recover N13.33bn gas flaring fines

July 21, 2023July 21, 2023 AGS

According to recent findings, the Federal Government of Nigeria experienced a revenue shortfall of N13.33 billion from gas flaring penalties imposed on oil and gas firms in January and February 2023. The government had announced a $49 million (N22 billion) … Continue reading FG unable to recover N13.33bn gas flaring fines

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