Monday, November 10, 2025
32.8 C
Lagos

Business

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

The Nigerian Institute of Public Relations (NIPR) has once...

LASAA Staff Faces Sanctions for Policy Breach after Viral Allegation, Cleared of Fraud

The Lagos State Signage and Advertisement Agency (LASAA) has...

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

NGX Group Chair, Umaru Kwairanga, Draws Roadmap for Leadership in Nigeria

   Being the remarks by Alhaji (Dr.) Umaru Kwairanga, Group...

NGX Group Fuels Women’s Investment Drive, Engages 9,000 at FinTribe Finance Fair 2025

Nigerian Exchange Group (NGX Group), through its regulatory subsidiary,...

Insurance

Sovereign Trust Insurance CEO, Olaotan Soyinka, Preaches Caution, Safety in the Ember Months

Mr. Olaotan Soyinka, Managing Director of Sovereign Trust Insurance...

Global InsurTech Funding Hits $1bn in Q3 2025

According to a new report from Gallagher Re, global...

Lasaco Assurance Champions Maternal Health with Safe Start Initiative

From left: Mrs. Usifoh Sessin, Nursing Officer, Ogba Primary...

2025 Almond Insurance Industry Awards Holds Friday, Nov 7 in Lagos

All is now set for the 2025 Almond Insurance...

NCRIB to Partner State Govts to Drive Insurance Penetration in Nigeria

L-R: Mr. Tope Adaramola, Executive Secretary; Mrs. Ekeoma Ezeibe,...

Business

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

The Nigerian Institute of Public Relations (NIPR) has once...

LASAA Staff Faces Sanctions for Policy Breach after Viral Allegation, Cleared of Fraud

The Lagos State Signage and Advertisement Agency (LASAA) has...

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

NGX Group Chair, Umaru Kwairanga, Draws Roadmap for Leadership in Nigeria

   Being the remarks by Alhaji (Dr.) Umaru Kwairanga, Group...

NGX Group Fuels Women’s Investment Drive, Engages 9,000 at FinTribe Finance Fair 2025

Nigerian Exchange Group (NGX Group), through its regulatory subsidiary,...

Insurance

Sovereign Trust Insurance CEO, Olaotan Soyinka, Preaches Caution, Safety in the Ember Months

Mr. Olaotan Soyinka, Managing Director of Sovereign Trust Insurance...

Global InsurTech Funding Hits $1bn in Q3 2025

According to a new report from Gallagher Re, global...

Lasaco Assurance Champions Maternal Health with Safe Start Initiative

From left: Mrs. Usifoh Sessin, Nursing Officer, Ogba Primary...

2025 Almond Insurance Industry Awards Holds Friday, Nov 7 in Lagos

All is now set for the 2025 Almond Insurance...

NCRIB to Partner State Govts to Drive Insurance Penetration in Nigeria

L-R: Mr. Tope Adaramola, Executive Secretary; Mrs. Ekeoma Ezeibe,...

2020: Nigeria’s Flaring Reduction Target

A recent two-day seminar organised jointly by the government of Nigeria, the International Gas Union (IGU), the World Bank and GGFR, focused on reducing gas flaring at oil production sites and unlocking the country’s significant gas potential.
The objectives of the seminar were to (a) initiate consultation on a new National Gas Flare Commercialisation Program; (b) build awareness about new small-scale technologies to use associated gas that is currently wastefully flared; (c) explore financing options for gas flare reduction and gas utilization; and (d) share best practices for sustainable and inclusive access to energy.
With almost 8 billion cubic meters of gas flared annually according to satellite data, Nigeria is the seventh-largest gas flarer in the world. At the same time, approximately 75 million Nigerians lack access to electricity.
In recent years Nigeria has shown significant progress, reducing gas flaring by about 2 billion cubic meters from 2012 to 2015.
The seminar was designed as a platform to bring together about 250 key stakeholders from the public and private sectors. Attendees included senior representatives from both the Ministry of Petroleum Resources and the Ministry of the Environment; Niger Delta and Power; national oil company NNPC; legislators; regulators; national and international oil companies; technology providers; and financial and development institutions.
“Through seminars like this we are getting a better sense of what needs to be done to end routine gas flaring in Nigeria,” said Bjorn Hamso, GGFR Program Manager.
“When all the important stakeholders are in the room and the perspectives of the entire local energy sector are included, the discussions are enlightening and useful. Well-functioning local energy markets stimulate the investments needed to rid countries of routine flaring.”
Dr. Emmanuel Ibe Kachikwu, Nigeria’s State Minister for Petroleum Resources, presented his country’s high-level roadmap to end routine gas flaring by 2020, which is a full decade ahead of the target in the “Zero Routine Flaring by 2030” Initiative, a global effort to end routine flaring that Nigeria endorsed in 2016.
The State Minister’s Senior Technical Adviser, Gbite Adeniji, presented the flare-out plans in more detail and encouraged all stakeholders to provide views and comments on the roadmap during the consultation process that ended earlier this year.
“This massive amount of gas flared annually in Nigeria is a waste of energy that our country just cannot afford. Now is the time to step up our efforts and what is needed are innovative, bold approaches to flare reduction,” said Adeniji.
Following the seminar, Nigeria’s Ministry of Petroleum Resources requested additional support from GGFR and the World Bank to expand and implement its new gas commercialisation program. In addition, various development institutions, such as Agence Française de Développement and Environment Canada, have expressed their interest in partnering with the World Bank and GGFR to support gas flaring reduction in the country.
Specific areas of interest include assessing the potential to use small-scale technologies for flare reduction through pilot projects, and supporting technical baseline work needed to implement the new commercialisation program, including accurate flare measurement and establishing a technical database for access by vetted, credible investors in flare-out projects.

Hot this week

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

ICPC Chair, Musa Aliyu, to Deliver Realnews 13th Anniversary Lecture 2025

Dr. Musa Adamu Aliyu (SAN) Chairman ICPC THE Management of Realnews Magazine...

Our Laws Now Stronger, More Effective to Prosecute Parties at Fault in Bank Failure – NDIC Boss

COURTESY VISIT: Managing Director/CE, Nigeria Deposit Insurance Corporation (NDIC),...

Fidelity Bank Champions Support for the Elderly

L-R: Igwe Quincy Chibuike, Team Member, Prolific Inductees Class...

Fidelity Bank Partners NCF, Lagos State to Promote Responsible Waste Management

L-R: Area Manager, Policy, Government and Public Affairs (PGPA),...

Topics

Stanbic IBTC to Empower Customers with Smart Loan Digital Solution

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings...

AIICO Sponsors Cancer Treatment for 30, Mammogram Testing for 100 Others

AIICO Insurance Plc, a frontline and innovative insurance company...

AMCON Sells 34% Stake in Unity Bank to Providus Bank Ahead of Merger

The Asset Management Corporation of Nigeria (AMCON) has sold...

Financial Inclusion and The Rise of Payment

By Elvis Eromosele Technology is an almost indispensable part of...

Business Journal Unveils Official Invite for Public Presentation Event

Business Journal has unveiled the official invite for the...

Banks Sabotaging e-Dividend Policy?

When in 2015 the Securities and Exchange Commission launched...

FG Committed to Passage of Petroleum Industry Bill, says Osinbajo

The Vice President, Prof. Yemi Osinbajo says the present...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...
Exit mobile version