…by companies operating in the extractive sector. Dubri defends $`3.025m royalty, gas flare debt Meanwhile, Dubri Oil Company Limited appeared before the committee and rejected a `$3.025m royalty and gas flare debt attributed to it in the NEITI report. According to the report, the Nigerian Upstream Petroleum Regulatory…

…Analysis of data from the National Oil Spill Detection and Response Agency (NOSDRA) Gas Flare Tracker shows that Nigeria lost an estimated $5.5 billion (about ₦8.7 trillion) worth of natural gas through routine gas flaring between 2021 and 2025. The estimate represents only the direct market value of gas burned, based…

…sources. It stated, “In June 2026, Companies Income Tax, CGT, SDT, Petroleum Royalties, Gas Flared, Rental & MOR, Value Added Tax, Import Duty and CET Levies increased significantly while Petroleum Profit Tax, Hydrocarbon Tax, Mineral Royalties and Fees decreased considerably. Excise Duty increased only marginally.” Fr…

…sources. It stated, “In June 2026, Companies Income Tax, CGT, SDT, Petroleum Royalties, Gas Flared, Rental & MOR, Value Added Tax, Import Duty and CET Levies increased significantly while Petroleum Profit Tax, Hydrocarbon Tax, Mineral Royalties and Fees decreased considerably. Excise Duty increased only marginally.” Fr…

…horizon bursts into shades of orange and crimson. Towering flames shoot endlessly from gas flare stacks, illuminating the night sky with an eerie glow. The flames burn relentlessly, day and night, sending waves of heat and thick plumes of gases into the atmosphere. The fires never go out. Neither, residents say, do the…

The foundation says many host communities remain unaware of their legal rights to gas flare funds earmarked for environmental restoration despite years of environmental degradation.