Tag: NEITI
Oil theft drains $3.3 billion from Nigeria’s economy, NEITI reveals
Additionally, it introduced the Just Energy Transition and Climate Accountability Framework to ensure Nigeria’s shift to cleaner energy is fair…
NEITI plans review of $6.03bn divestments by IOCs
He said NEITI would strengthen collaborations with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian National Petroleum Company…
FAAC: FG, States, LGs share N15.26 trillion in 2024
The NEITI FAAC Quarterly Review, released by NEITI on Tuesday in Abuja showed that the disbursements represented a historic high…
NEITI targets $6bn, N66bn recovery from Oil giants in transparency push
Orji stated that NEITI is collaborating with the Economic and Financial Crimes Commission (EFCC) to recover the funds.
FG still owing NNPCL over $9.74bn fuel subsidy debt despite NEITI’s under-remittance claims
This is despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation…
Oil and Gas sector rakes in $23bn revenue in 2021
According to the NEITI boss, a total of $13.2 billion dollars was remitted from the sum to the federation account.
Fuel Subsidy: NEITI backs Tinubu, says N13.69 trillion wasted in 16 years
NEITI had recommended removal of fuel subsidies persistently since 2006 based on its concerns about the huge financial burden that…
See the humongous amount Nigeria earns from oil, gas in 23 years
He said that from the reports, a total of 741.48 billion dollars had accrued to the Nigerian government from the…
FG recovered N2.6trn revenue from oil coys – NEITI
NEITI said a total of 2.6 billion dollars remained outstanding in the hands of companies as at March 2022.
EFCC, NEITI to fight corruption in extractive industry
EFCC boss, Abdulrasheed Bawa has reiterated the Commission’s resolve to sanitize and deal with fraud-related issues in the extractive industries.
NEITI commends NASS on passage of PIB
The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed with excitement, the bold step by both chambers of the National…
NNPC applauds President Buhari’s choice of new NEITI’s CEO
The Nigeria National Petroleum Corporation (NNPC) has welcomed with delight the news of the appointment of Dr. Orji Ogbonnaya Orji…
NEITI unveils owners of Nigeria’s oil, mining assets
The Nigeria Extractive Industries Transparency Initiative (NEITI), today launched a portal where every Nigerian can search for the owners of…
Oil & Gas: FG to unveil beneficial ownership register in sector
Mr Waziri Adio, the Executive Secretary Nigeria Extractive Industries Transparency Initiative (NEITI) says the Federal Government will soon unveil the…
FG targets solid minerals to boost economy
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, (NEITI), Mr. Waziri Adio, says the solid mineral sector, though…
Financial flow from oil, gas sector reduces to $17.05 in 2016 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that total financial flows from Nigeria’s oil and gas sector reduced to…
$22.06bn, N481.75bn not remitted to Federation Account between 1999-2015 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that the 22.06 billion dollars and N481.75 billion yet to be remitted…
Group urges media influencers to lead reforms in oil, gas sectors.
The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged social media influencers in the country to lead the advocacy for…
Buhari appoints Waziri Adio Executive Secretary, NEITI
President Muhammadu Buhari has approved the appointment of Waziri Onibiyo Adio, as the Executive Secretary of Nigeria Extractive Industries Transparency…
NEITI denies loss of $8bn in crude oil swap
The Nigerian Extractive Industry Transparency International (NEITI) on Wednesday denied a report credited to it over the nation’s alleged loss…
Subsidy money: PPPRA slams audit report
The Petroleum Products Pricing Regulatory Agency (PPPRA) has debunked the audit report of the Nigeria Extractive Industries Transparency Initiative (NEITI)…
NNPC holds Nigeria to ransom
Nigeria’s state oil firm owes the government $8.3 billion for the period from 2009 through 2011, an audit report said…