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The Organisation of the Petroleum Exporting Countries (OPEC) and the Nigerian Extractive Industries Transparency Initiative have commended Mr Mele Kolo Kyari’s appointment as NNPC boss.
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday hailed the appointment of Mele Kyari as the new Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC).
Nigerian Financial Intelligence Unit, NFIU, by the Egmont Group of Financial Intelligence Unit yesterday, said it had impounded N10 billion suspected criminal funds.
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil companies.
The Board of the Extractive Industries Transparency Initiative (EITI) has ranked Nigeria as having made ‘Satisfactory Progress’ in the implementation of its principles in the country’s oil, gas and mining sector.
The board of the global Extractive Industries Transparency Initiative (EITI) Wednesday said Nigeria and Norway have achieved the highest level of transparency marks against the EITI standard in pushing for
The Federal Inland Revenue Service (FIRS) remitted about N4.63 trillion to the Federation Account between January and November this year, revenue collection figures submitted to the Federal Ministry of Finance have shown.
The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), and 22 other oil companies are yet to pay to the federation $3,632,075 as fines for flaring gas beyond their allowed thresholds.
The total financial flows from Nigeria’s oil and gas sector in 2016 was the lowest in a decade and the fifth lowest since the return of democracy in 1999, the latest Nigeria Extractive Industries Transparency Initiative (NEITI) Oil & Gas Industry Audit report has revealed.
The 2019 governorship candidate of the All Progressives Congress (APC), in Ebonyi State, Sen. Sonni Ogbuoji, on Sunday, lamented that despite the commercial quantity of 26 solid minerals found in the state, it was yet to benefit from it.
Revenue disbursements by the Federation Account Allocation Committee (FAAC) to the three tiers of government has continued to witnessed a steady increase in three consecutive quarters of this year with N2.28 trillion shared in Q3 of 2018.
A report by the Socio-Economic Rights and Accountability Project (SERAP), realised in Lagos yesterday, has revealed how failure of multinational companies to pay Capital Gains Tax (CGT) on over $8 billion oil and gas assets sold to Nigerian entities fuels poverty, underdevelopment and inequality in Nigeria
Human Rights Lawyer, Femi Falana, said it was shameful that there was no accurate record of the volume of crude oil being produced in Nigeria daily.
The Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC) and other oil companies operating in the country are yet to remit $22.06 (dollar component) and N481.75 billion (naira component) into the federation account as at end of 2015.
The Nigeria Extractive Industry Transparency Initiative says the Nigerian National Petroleum Corporation and other stakeholders in the industry have yet to remit 22.06 billion dollars and N481.75 billion to the Federation Account.
The Nigerian Extractive Industry Transparency Initiative (NEITI) on Monday called for urgent action on some of the remediation issues identified in its audit reports on the industry to ensure value on investment.
Goalkeepers at the ongoing FIFA Women’s World Cup in France will not be booked for stepping off the goalline during penalty shootouts to reduce the likelihood of them being sent off.
The Board of Trustees (BoT) of the Peoples Democratic Party (PDP) have asked the Tribunal handling its 2019 presidential candidate, Atiku Abubakar’s petition to deliver justice based on available facts.
A vast security operation greeted tens of thousands of largely red-clad supporters in Cairo ahead of Friday’s opening match in the Africa Cup of Nations, with the tournament kicking off against a backdrop of terror attacks and only days after the death of former Islamist president Mohamed Morsi.
Police in Borno on Friday, said they had arrested two “high profile’’ Boko Haram commanders believed to have participated in attacks on security locations in Nigeria and Cameroon.
The United States is set to increase pressure on Iran for failing to head off funds to terrorists, threatening new sanctions if Tehran fails to comply, Treasury Secretary Steven Mnuchin said Friday.
Governor Seyi Makinde of Oyo State has stated that his government would rely on traditional rulers in the state to improve the security of lives and property.
Leicester City star Wilfred Ndidi has admitted he is “flattered” to be linked with a big money move away from the King Power Stadium, but insists his focus is currently on Nigeria’s bid to win the Africa Cup of Nations.
Rivers United’s Stanley Eguma has hinted that his own talking point of their 4-0 drubbing of Timber-loader in the Federation Cup Round of 64 was that his goal-shy players have started converting most of the chances they created.
Nasarawa state governor, Abdullahi Sule, has sworn-in the new Secretary to the State Government (SSG) and four Special Advisers.
Nigeria’s Super Falcons on Thursday finally qualified for the Round of 16 of the ongoing FIFA Women’s World Cup in France, after a long wait.