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Business

‘Winning with Strategic Communications’ Launch, Targets Real-World Impact

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ICT

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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

Capital Market

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

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AI: Powerful Tool for Economic Growth in Africa-NGX Chair, Umaru Kwairanga

 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

Transcorp, DMO, MTN, Dangote Cement, CardinalStone, among Winners at NGX Made of Africa Awards

Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel...

Insurance

emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

emPLE, one of Nigeria’s rapidly growing insurance companies, has...

SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance and its subsidiary,...

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

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Sovereign Trust Insurance Spreads Love with Fire Safety Drive

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Mutual Benefits Begins 2026 with ₦5.9bn January Claims Settlement

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Business

‘Winning with Strategic Communications’ Launch, Targets Real-World Impact

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Chowdeck Partners MyCoverGenius to Set New Standard for Rider Protection in Nigeria

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Tinubu Hails Nigeria-UAE Partnership as BUA Signs MoU with Abu Dhabi Ports, Mair Group

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Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

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Reputation Economy: How Nigerian Brands Won, Lost Public Trust in 2025

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

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

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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

Capital Market

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

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 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

Transcorp, DMO, MTN, Dangote Cement, CardinalStone, among Winners at NGX Made of Africa Awards

Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel...

Insurance

emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

emPLE, one of Nigeria’s rapidly growing insurance companies, has...

SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

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AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

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Sovereign Trust Insurance Spreads Love with Fire Safety Drive

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Mutual Benefits Begins 2026 with ₦5.9bn January Claims Settlement

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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.

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Topics

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Nigeria Must Rethink Forex Policy to Spur Investment

There is need for Nigeria to seriously rethink her Forex policy to spur investment and quicker economic recovery. At the same time, the country recorded growth of only 3.96% y/y in Q1, 2015, down from 5.9% in Q4-2014, according to Razia Khan, Economist at Standard Chartered Bank, London. She said Nigeria’s oil sector contracted by 8% y/y in Q1, following growth of 1% in the previous quarter. “Decelerating growth was seen across most sectors in Q1, with the exception of crop production. Q2 growth may be slower still, reflecting a slowdown in activity around the elections, and the transition to a new government.”

Lagos Shopping Festival 2015

The Lagos shopping Festival 2015 is set for Thursday, Friday and Saturday, December 17, 18 and 19 at Tafawa Balewa Square TBS, Lagos. Over 350 local and international exhibitors are expected at the Festival. Also, an estimated 1.5 million visitors are expected to visit the 3-day festival. For participation and enquiries, pls call 08023088874. Email: contact@lagosshoppingfestival.com.ng. Or visit the website at www.lagosshoppingfestival.com.ng.

Northwest: The Lion’s Share of Tinubu’s Projects

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Access Bank, GE Partner on Financing for Healthcare Providers

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NSE Bloomberg CEO Roundtable 2018

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PenOp Unveils Induction Academy to Equip New Pension Industry Employees

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