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FG To Review Oil Firms’ Plans On Gas Flaring

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The Minister of State for Environment, Dr Iziaq Salako, said that the ministry, in collaboration with the National Oil Spill Detection and Response Agency, will begin regular reviews of both international and indigenous oil companies’ plans to ensure alignment with the goal of ending routine gas flaring by 2030.

Salako said this in Abuja on Tuesday at the national stakeholders engagement meeting on methane mitigation and reduction in Nigeria’s oil and gas sector.

Methane, a potent greenhouse gas with significant warning potential compared to carbon dioxide, poses a major threat to the health and well-being of current and future generations and climate protection goals.

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Reducing methane emissions, especially in the oil and gas sector, will strengthen climate action and unlock benefits for public health, food security, and economic development.

Salako said practical steps are being taken to address methane emissions in the country.

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He noted that “Collaborative efforts of government institutions have led to the development of methane guidelines. In addition, the Federal Ministry of Environment through the National Oil Spill Detection and Response Agency will be commencing the periodic review of the plans of international and indigenous oil companies to ensure they stay on course to end routine gas flaring by latest 2030.

“Furthermore, Nigeria is poised to embark on methane reduction projects that will enable Nigeria’s commitment to methane reduction and meeting net zero emissions by 2060. It is, therefore, reassuring to see initiatives such as the project methane mitigation and reduction in Nigeria’s oil and gas sector, which is being initiated with today’s event.

“This national stakeholders engagement event is expected to serve as a platform to discuss the complexities of methane mitigation and reduction within Nigeria’s oil and gas industry. Presentations here today will provide insights and overview on existing policies and implementation strategies, including key stakeholders involved in these efforts. Through rigorous research and collaborative efforts, we can identify gaps, challenges, and opportunities for effective national actions.”

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The minister stated that President Bola Tinubu is committed to environmental sustainability and climate action in line with the multilateral environmental agreements that Nigeria is party to.

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The Permanent Secretary of the ministry, Mahmud Kambari, said it is necessary to address methane emissions in the oil and gas industry as the stakes and opportunities are high.

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Kambari said, “Let’s harness our collective expertise, innovation, and resources to drive sustainable development, foster economic growth, and enhance energy security in Nigeria and beyond.

“As we engage in today’s discussions, let us be guided with openness and inclusivity. challenge assumptions, and explore creative solutions that align with the principles of equity, justice, and environmental integrity.”

In his remarks, the Executive Director of the Africa Policy Research Institute, Dr Olumide Abimbola, noted that there is a need to address the pressing impacts of methane emissions on climate and environment.

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Abimbola, who was represented by Mr Chibuikem Agbaegbu, stated that methane, a potent greenhouse gas, poses a significant threat to both the health of our planet and the well-being of current and future generations.

“Recognizing this urgent need, APRI, in close collaboration with the Department of Climate Change, Federal Ministry of Environment, has embarked on a crucial project focused on methane mitigation and reduction within Nigeria’s oil and gas sector.

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“This project, funded by the Government of Canada through Environment and Climate Change Canada, underscores the strategic importance of taking proactive steps to reduce methane emissions. Not only does it align with Nigeria’s climate action commitments, but it also offers opportunities to unlock co-benefits for public health, food security, and economic development, in line with Nigeria’s national and sustainable development goals.

“Today’s event marks a significant milestone in our collective efforts. It provides a platform for stakeholders from diverse sectors to come together, share insights, and chart a unified course towards sustainable methane mitigation and reduction in Nigeria. Through constructive dialogue and collaboration, we aim to identify challenges, explore opportunities, and pave the way for effective and sustained action,” he said.

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

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Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

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He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

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The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

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“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

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“This contradiction will no longer be tolerated,” the statement said.

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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

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First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

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Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

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Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

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Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

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By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

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Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

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