In Four Months, Nigeria Loses N150bn To Gas Flaring   Oil and gas companies operating in Nigeria flared 92.3 million standard cubic feet, mscf, of gas, worth an estimated N150 billion between January and April 2023, according to a report by the National Oil Spill Detection...

Companies Paid N346bn in Five Years for Gas Flaring - CBN The Central Bank of Nigeria data shows that oil and gas companies paid a total of N346bn as penalty for flaring gas in five years, saying the amount was marked as part of the...

FIRS Targets N4trn Tax From Oil, Gas Companies   The Federal Inland Revenue Service (FIRS) expects to rake in N4 trillion as tax revenue from the extractive sector of the Nigerian economy in the 2020 fiscal year. A statement from the agency said the Executive Chairman of...

In 3months Nigeria Loses N72bn To Gas Flaring Oil and gas companies operating in the country flared a total of 85.81 billion standard cubic feet of natural gas in the first three months of the year, causing the country an estimated loss of N72.41bn. Data obtained...