The Nigeria Extractive Industries Transparency Initiative (NEITI), has disclosed that Nigeria requires an annual injection of about $20 billion into the gas infrastructure to maximize its...
In the last two years, Nigeria has achieved a remarkable production of at least five trillion standard cubic feet of natural gas, underscoring the country’s vital...
The ability of the Federal government to generate revenue is threatened as the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed huge revenue debt owed the...
The Nigeria Extractive Industries Transparency Initiative (NEITI) announced on Monday that the Federation Accounts Allocation Committee (FAAC) distributed N3.473 trillion to the three tiers of government...
The Nigerian Extractives Industries Transparency Initiative (NEITI) has lamented the whopping $1.3886b revenue loss accruable to the federal government in unpaid gas royalty and gas flare...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday Federal Government’s revenue-generating agencies remitted ₦14.3 trillion as revenue from the extractive sector to the federation...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has suggested that the licenses on oil block management granted some indigenous and international crude oil prospecting companies be...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Orji Ogbonnaya-Orji, said on Monday the oil and gas industry generated over $23 billion...
The 2021 audit reports of the Nigeria Extractive Industries Transparency Initiative (NEITI) for the oil and gas industry has revealed that Nigeria earned a total of...
In order to find a lasting solution to the current pricing crisis of petroleum products in the country, the Nigeria Extractive Industries Transparency Initiative (NEITI) has...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr Orji Ogbonnaya, on Monday said that Nigeria requires $20 billion annually to achieve the...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that Nigeria lost 619.7 million barrels of crude oil worth $46.16 billion or N16.25 trillion in 12...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Ogbonnaya Orji, said on Tuesday the country earned $741.48 billion from oil and gas...
The Federal government of Nigeria between 2017 and 2019 received a credit alert of N28.02 trillion from four agencies. The revenue earned was disclosed by the...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Sunday the over 2,000 companies operating in Nigeria’s solid minerals industry owed the Federal Government up to...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that in 10 years the total aggregate financial flows from the oil and gas sector to the...
Skyrocketing oil price has thrown President Muhammadu Buhari’s administration a lifeline amid his government’s revenue problem, which has caused debt servicing to gulp 98% of 2021...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Wednesday the country imported a total volume of 20.60 billion litres of Premium Motor Spirit (PMS) also...
A joint coordination committee is working on a plan that will reveal the identity of the real owners of oil, gas and mining assets in the...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed it is strategising to ensure that N69.5 billion and $5.31 billion statutory revenue yet to be paid...
Veteran journalist and former director with the Federal Radio Corporation of Nigeria (FRCN), Dr Orji Ogbonnaya Orji, has been appointed the new Executive Secretary of the...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday the Federation Account Allocation Committee (FAAC) disbursed a total sum of N2.054 trillion to the three...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday the three tiers of government and other statutory recipients received N3.879trillion from the Federation Accounts Allocation...
The Nigeria Extractive Industries Transparency Initiative (NEITI) Monday advocated a policy shift that would see the Nigerian government embrace a series of buffers and revenue generation...
The Nigerian Extractive Industries Transparency Initiative (NEITI) said Monday the Federation Accounts Allocation Committee (FAAC) disbursed N1.95 trillion to the federal, state, local governments and other...
The latest audit report by the Nigerian Extractive Industries Transparency Initiative (NEITI) has revealed that the Nigerian government expended the sum of N722.3 billion on subsidising...
The latest audit report on the Nigerian solid mineral sector, released on Sunday, puts the revenue generated from the industry at N69.47 billion in 2018. According...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday the Federal, States, Local Governments and other statutory recipients of the Federation Accounts and Allocation Committee...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio, said on Monday the Federal Government has launched the Open Treasury Portal...
Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday the country realised about $21 billion from the oil and gas sector in 2017. The agency disclosed...
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Nigerian National Petroleum Corporation (NNPC), on Saturday, inaugurated a joint committee to determine outstanding payments due from...
These 10 top stories from Nigerian newspapers will make your Friday morning. 1. MINIMUM WAGE: Labour gives govs Dec. 31 to end negotiations Nigerian state governors...
The Nigeria Extractive Industries Initiative (NEITI) on Wednesday said crude oil and refined products worth $41.9 billion were stolen from Nigeria in the last 10 years....
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that a total of N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral...
A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the (Nigerian National Petroleum Corporation) NNPC, is claiming that Nigeria is oweing it...
The Nigeria Extractive Industries Transparency Initiative (NEITI) is to work with the Office of the Auditor General of the Federation (AuGF) to promote integrity in data...
The Nigerian National Petroleum Corporation, NNPC, has that it would soon publish its outstanding audited account in line with its commitment to accountability and transparency. This...
Human rights activist, Femi Falana, has asked the Federal High Court in Abuja to compel the Muhammadu Buhari administration to recover the sum of $40 billion...
In a bid to take the fight against fraudulent activities in extractive industry, especially the oil and gas sector, a step further, the Nigeria Extractive Industries...
At least $16 billion has been lost by Nigeria in the last ten years due to the non-review of the 1993 production sharing formula with oil...
A quarterly review published by the Nigeria Extractive Industries Transparent Initiative (NEITI) has shown that the Federation Account Allocation Committee, FAAC, distributed the sum of N8.5...
With expectations that the nation will increase its oil production, consolidated by price moderation efforts of the Organization of Petroleum Exporting Countries (OPEC), the Nigeria Extractive...
A newly released audit report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has put Nigeria’s total earnings from crude oil at $677.9 billion, between 1999...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has clarified media reports about $22 billion missing from the Federation Account in President Muhammadu Buhari’s administration. The Executive...
The Nigerian National Petroleum Corporation (NNPC) and some companies in the oil and gas sector of the country have failed to remit a total revenue of...
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that the country has lost about $20 billion dollars from the oil and gas sector over the years....
The Nigeria Extractive Industries Transparency Initiative (NEITI) said the amount disbursed by the Federation Account Allocation Committee (FAAC) in the first quarter of 2018 rose to...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has decried data inconsistencies in the production and lifting of oil by Nigerian National Petroleum Corporation (NNPC), Department of...
Vice President Yemi Osinbajo restated Nigeria’s commitment to the promotion of transparency in its extractive sector during a bilateral meeting with the Chairman of the Extractive...
Following the damning report by the Nigeria Extractive Industries Transparency Initiative (NEITI) in July of this year, that revealed that Nigeria was only able to save...
