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Nigeria Extractive Industries Transparency Initiative
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.
Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has confirmed huge benefit accruing to the country following the replacement the offshore processing arrangement (OPA) and crude oil swap with the Direct Purchase of Petroleum Products (DSDP).
The House of Representatives on Thursday, resolved to investigate alleged loss of N8 trillion from leakages and illegal mining of gold and other solid mineral resources in the country.
Nigeria Extractive Industries Transparency Initiative (NEITI) has alerted the nation on the urgent need to review the Deep Offshore and Inland Basin Production Sharing Agreement between Nigeria and oil companies.
The Nigeria Extractive Industries Transparency Initiative (NEITI), on Thursday unveiled a data “DashBoard’’ platform to simplify its audit reports to ensure informed knowledge for public debate on transparency and accountability in the nation’s extractive industries.
As the 2019 elections draw near, Nigerians have been urged to use available technology to follow up on government and hold them accountable while in public service.
The Federation Account Allocation Committee (FAAC) disbursed N1.938 trillion in the first quarter of 2018 to the three tiers of Nigeria’s government, a report from the Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed.
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, says it will prove to Nigerians that the Corporation is the most transparent organisation in Nigeria.
The death toll in the multiple raids of villages in Sokoto State at the weekend by gunmen on motorbikes, has jumped to 43.
Except a miracle happens, former Governor of Imo state, Rochas Okorocha, may not be part of the inauguration of the 9th National Assembly on Tuesday.
Danny Rose is well aware of the speculation linking him with a move away from Tottenham Hotspur but while the defender says nothing has been decided about his future he is well prepared to deal with whatever comes next.
The National Working Committee (NWC) of the All Progressives Congress (APC) has not adopted Senator Ovie Omo-Agege as Deputy Senate President, a leading contender for the position, Orji Kalu, has declared.
The Kano State House of Assembly has elected the member representing Ajingi Constituency, Alhaji Abdulaziz Garba-Gafasa, as the new Speaker of the 9th Assembly.
A "fuming" Raheem Sterling apologised to Gareth Southgate after learning of a press release that claimed he would captain England against Netherlands on Thursday.
The All Progressives Congress (APC) has defended its candidate for the Speakership position of 9th House of Representatives, Femi Gbajabiamila, over reports making the rounds that he was convicted by a Court in the United States of America.
Self-driving car software startup Aurora said on Sunday it would partner with Fiat Chrysler to build autonomous platforms for commercial vehicles, the latest collaboration with an automaker for the fast-growing Silicon Valley company.
The Emir, Zazzau and Chairman, Kaduna State Council of Emirs and Chiefs, Dr Shehu Idris, today urged elected officers to prioritise security of lives and property of Nigerians above any other issue.
Super Eagles head coach Gernot Rohr has axed the duo of Kelechi Iheanacho and Semi Ajayi from his final 23-man squad to the 2019 Africa Cup of Nations in Egypt.