FG Recorded N13.33bn Revenue Loss From Gas Flaring Fines   The Federal Government recorded a revenue shortfall of N13.33bn from gas flaring penalties issued against oil and gas firms in January and February 2023. It was earlier reported that the Federal Government would impose $49m (N22bn) fine...

Gas Flaring: Reps to Clampdown on Firms, Recover Debts   The House of Representatives has asked the National Oil Spill Detection and Response Agency (NOSDRA) to provide it with ‘specified information’ on companies involved in gas flaring, including the amount flared and penalty cost in the...

Oil Firms Get N127bn Fine For Flaring Gas   The Federal Government has fined oil and gas firms operating in the country the sum of $294m, which is about N127bn, for gas flaring. A recent statistics released by the National Oil Spill Detection and Response Agency, NOSDRA,...

Oil Firms Degrade Environment, Spill N711bn Worth Of Crude Oil   Environmental right activists have raised the alarm over the continuous environment degradation as estimation puts total value of oil spilled by operators in the Niger Delta at N711bn. Data obtained from the Nigerian Oil Spill Monitor,...

Nigeria Loses N891bn To Gas Flaring In 18 Months   Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency (NOSDRA) released on Sunday. The data revealed that...

In Four Years, Nigeria Loses 2.5trn Oil Barrels       Nigeria has lost 4.5 trillion barrels of oil to theft in the last four years, according to data from the Nigeria Natural Resource Charter (NNRC). Another data from the National Oil Spill Detection and Response Agency (NOSDRA) showed...