Home Topics Nigeria Extractive Industries Transparency Initiative
Nigeria Extractive Industries Transparency Initiative
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral revenues, non-mineral revenues and Value Added Tax (VAT).
N28.58 trillion was remitted to Nigeria’s Federation Account between 2012 and 2016, according to a report from the Nigeria Extractive Industries Transparency Initiative (NEITI).
The Office of the Auditor General for the Federation, OAuGF, weekend, said it has concluded plans to undertake an extensive audit of the extractive industries, comprising the petroleum and mining sectors, to identify and eliminate sharp practices, promote transparency and accountability.
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil was produced in the country in 2017.
The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, accused Federal Government’s agencies in the mining and oil and gas industries of frustrating national planning, natural resource governance and public finance management.
The Nigeria Extractive Industries Transparency Initiative (NEITI) says its constant engagement with the Nigerian National Petroleum Corporation (NNPC) on its operations was based on its mandate to promote corporate ethics, transparency and accountability in the oil and gas industry.
The Nigeria Extractive Industries Transparency Initiative (NEITI), has urged the Nigerian National Petroleum Corporation (NNPC) to erase the impression that its constant engagement with it was a veiled attempt to attack or drag it into politics. Instead, the agency said it was rather in a bid to improve corporate ethics, transparency and accountability in the governance of the nation’s oil and gas industry.
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).
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 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.
The presidential candidate of the Allied Congress Party of Nigeria, Dr. Obiageli Ezekwesili, has said that there is a need for a ‘pressing’ reform in the oil sector.
Mrs Zainab Ahmed, the Supervising Minister of Finance, has resumed duty, New Telegraph can confirm.
NEITI: Federal government shared N3.95 trillion revenue with states, local councils in first half...
Within the first half of this year, the federal, state and local governments in Nigeria have shared a total of N3.95 trillion from the Federation Account, the Nigeria Extractive Industries Transparency Initiative (NEITI) on Monday disclosed.
The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said it was collaborating with the national assembly to set up a parliamentary group to coordinate legislative actions on implementation of remedial issues identified by independent audit reports of NEITI in the extractive industry.
A faction of the All Progressives Congress in Bayelsa State led by Fala Itubo has said the APC will win the forthcoming governorship election with a very wide margin.
Nigerians on Tuesday berated the National Identity Management Commission over its decision to charge for the replacement and renewal of the National Identity Card.
Super Eagles’ Technical Adviser, Gernot Rohr, has landed his playing body a huge pat on the back for a gutsy performance in Sunday’s 1-1 draw with Brazil in a friendly match in Singapore.
Pope Francis on Tuesday named a new head of the Vatican security services, a day after the previous holder of the job resigned because of a media leak.
France's prime minister said on Tuesday decisions by Turkey and the United States in Syria would have serious consequences in the region and that it was inevitable that their actions would lead to a resurgence of Islamic State in Syria and Iraq.
Some senators, yesterday, dismissed projections of President Muhammadu Buhari’s N10.33 trillion 2020 budget proposal as unrealistic.
Apple on Thursday removed an app criticised by China for allowing protesters in Hong Kong to track police, as Beijing steps up pressure on foreign companies deemed to be providing support to the pro-democracy movement.
National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Engr. Sanusi Abdul-Fari, has expressed the confidence that the Federal Government (FG) and Nigeria Labour Congress (NLC) would harmonise their differences to ensure that it does not result to NLC embarking on indefinite strike action over the N30,000 minimum wage.
The Chairman of Interim Management Committee, of Imo Transport Company, ITC, Emeka Ariguzo, yesterday said that when he assumed office last three months, he discovered that ITC, was running under private account.
Gender Mobile Initiative (GMI), an NGO, says it is partnering with the Ford Foundation to develop anti-sexual harassment policy and mobile application for confidential reporting and data generation.