English>
Your daily Naira exchange rate

Market News

Nigerian oil firms strike flare-gas deals to curb emissions, boost energy - REUTERS

DECEMBER 10, 2025

By 

Summary

  • Heirs Energies, NNPC sign deals to capture flare gas
  • Renaissance launches Southern Swamp flare-reduction project
  • Nigeria faces challenges in reducing gas flaring

LAGOS, Dec 10 (Reuters) - Nigeria's Heirs Energies and state oil firm NNPC said on Wednesday they had signed agreements with five investors to capture and monetise gas that would otherwise be wasted through flaring, where the fuel is burned in the open.
Nigeria holds Africa's largest proven gas reserves and is betting on gas to drive industrial growth and cut emissions. Its Decade of Gas policy aims to boost domestic supply, reduce flaring and expand LNG exports. But recent World Bank data show flaring rose 12% in 2024, underscoring the challenge.

MARKET NEWS

December 10 ECB to Probably Lift Growth Forecast Next Week, Lagarde Says - BLOOMBERG December 10 Gold prices dip ahead of Fed interest rate decision - YAHOO FINANCE December 10 IMF Wades Into Debate Over Yuan, Warns on Risk of Trade Tensions - BLOOMBERG December 10 Egypt's inflation eases to 12.3% in November - REUTERS December 10 Kenya’s central bank lowers main lending rate by 25 basis points - REUTERS December 10 South African rand flat following infrastructure bonds sale - REUTERS December 10 Macron Calls for ECB Monetary Policy Approach Rethink - BLOOMBERG December 10 UK bonds borrowing premium may be ending, in relief for Reeves - YAHOO FINANCE December 10 Wall Street Sees Modest Oil Price Decline Next Year on Surplus - BLOOMBERG December 10 Nigeria’s oil content board unveils $100 mln equity fund to support local producers - REUTERS December 10 US dollar rises after jobs data; Fed cut expected but hawkish comments likely - REUTERS December 10 Yen edges up after three-day losing streak, Fed meeting in focus - REUTERS December 10 FX edges up as markets await Fed rate decision - REUTERS December 10 Sterling edges up vs dollar, flat versus euro, Fed in focus - REUTERS December 10 China executes banker for taking £116 million bribesChina executes banker for taking ... (read more) December 10 Global Economic Outlook 2026: Financial System Risk; Trade, Public Debt, Geopolitical... (read more) December 10 South African rand inches up before local retail sales data, US rate decision - December 10 Nigeria’s central bank licenses 82 exchange bureaus under new forex rules December 10 Nigerian oil firms strike flare-gas deals to curb emissions, boost energy - REUTERS December 10 US dollar rises after jobs data; Fed cut expected but hawkish comments likely - REUTERS December 10 Naira Loses Gains Over Yuletide FX Pressure - CHANNELS TV December 10 Naira continues depreciation against US dollar despite rising foreign reserves - DAILY POST December 10 Naira depreciates to N1,485/$ in parallel market - VANUARD December 10 Naira cools for seven straight trading days - BUSINESSDAY December 10 How FX reforms finally brought Naira back from the brink - BUSINESSDAY December 09 Nigeria’s central bank licenses 82 exchange bureaus under new forex rules - REUTERS December 09 South African rand tracks subdued emerging market assets as Fed meeting nears - REUTERS December 09 South Africa’s net foreign reserves rise to $70.024 billion in November - REUTERS December 09 The Beijing data blackout raising alarm bells about China’s economy - THE TELEGRAPH December 09 Gold eases as traders await Fed guidance on pace of rate cuts - YAHOO FINANCE

SEE HOW MUCH YOU GET IF YOU SELL

NGN
© 2025 abokiFX | All Rights Reserved
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics