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Nigeria Extractive Industries Transparency Initiative
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.
Experts have said that Nigeria’s solid mineral sector is capable of generating over N10 trillion revenue in export, providing five million jobs and contributing over 20 per cent to Gross Domestic Products (GDP).
The Nigerian National Petroleum Corporation failed to remit $16.8 billion paid reportedly to it as dividends by the Nigeria Liquefied Natural Gas (NLNG) Limited, the Nigeria Extractive Industries Transparency Initiative (NEITI) said Thursday.
Emmanuel Ibe Kachikwu, minister of state for petroleum resources, says new licences for oil blocks will be issued when the petroleum industry bill is passed by the national assembly.
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday in Abuja said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in 2017.
Nigeria and the Niger Republic, will in 60 days time sign binding bilateral and technical agreements that will enable both countries develop and build a new petroleum refinery in a Katsina State town which borders both countries, the Ministry of Petroleum Resources has disclosed.
The Nigeria Extractive Industries Transparency Initiative, NEITI on Thursday lamented the National Assembly’s poor use of past findings in its audit reports on the oil and gas industry operations.
The Nigeria Extractive Industries Transparency Initiative, NEITI, Sunday, commended the National Assembly for the passage of the Petroleum Industry Governance Bill, PIGB, stating that the Bill would stem the massive loss of revenue recorded in the petroleum industry, arising from corrupt practices and process lapses.
The Nigeria Extractive Industries Transparency Initiative (NEITI} says Nigeria lost N60.99 billion 2.27 billion dollars and to the Offshore Processing Arrangement (OPA) and crude for product swap arrangement, valuation issues, crude oil and petroleum products losses.
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Friday said Nigeria’s gas production rose by 20.23 per cent in 2015.
The Nigeria Extractive Industries Transparency Initiative on Friday said Nigeria lost 54.6 per cent of oil revenue, amounting to 29.7 billion dollars in 2015.
Nigeria lost 27.1 million barrels of crude oil produced in 2015 despite huge expenses on industry security, the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed.
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The minister stated this when he received a delegation from the Africa-Asia Rural Development Organisation (AARDO) led by Secretary General of the Organisation, Eng. Wassfi Hassan El Sreihin in his office in Abuja.
The Federal Government said that electricity generation from hydro sources could reach 19,000 megawatts if fully harnessed.
President Donald Trump found himself isolated and under pressure to reverse course Tuesday after publicly challenging the US intelligence conclusion that Russia meddled in the 2016 election during his face-to-face with Vladimir Putin.
The Chairman of the Bayelsa State Board of Internal Revenue (BIR), Ayawei Nimbofa, has attributed the rise in Bayelsa’s monthly internally generated revenue above N1billion mark to deployment of electronic collection system.
Former US president Barack Obama on Tuesday singled out the African heritage of many players in France’s World Cup-winning football team in a speech paying tribute to Nelson Mandela.
A mother and her son, who allegedly used knife to inflict injures on co-tenant during a fight, were on Tuesday brought before an Ikeja Magistrates’ Court, Lagos State.
The Muslim Rights Concern (MURIC) has advised Nigerians to stop blaming President Muhammadu Buhari for killings around the country.
Nigeria Ambassador to the Netherlands, Oji Ngofa, on Sunday, urged the Dutch Embassy to resume issuance of Schengen Visas in Abuja to consolidate the increasing trade relations between Nigeria and Netherlands.
President of the Senate, Dr. Abubakar Bukola Saraki, has congratulated the Governor-elect of Ekiti State, Dr. Kayode Fayemi, on his victory in the just-concluded Ekiti gubernatorial election.
The Federal Inland Revenue Service has announced that it realised a total of N2.5 trillion (N2,529,615,174,601.25) from various taxes from January to June 2018.