Falana asks court to compel FG to recover $40b, N481b
Human rights activist, Femi Falana (SAN), has filed a suit at the Federal High Court in Abuja in which he is seeking to compel the Muhammadu Buhari Administration to recover ...
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Tag: NEITI
Civil society group hails NEITI on highest global ranking
OrderPaper Advocacy Initiative has hailed the Nigeria Extractive Industry Transparency Initiative on Nigeria’s emergence as one of seven countries that have attained the highest ranking of “Satisfactory Progress” by the ...
EITI rates Nigeria’s oil, gas, extractive sector high
The International Board of Extractive Industry Transparency Initiative says Nigeria has attained the highest rating in implementation of its standards by member countries.
Financial flow from oil, gas sector reduced to $17.05b in 2016 – NEITI
NEITI disclosed this in its 2016 Oil and Gas Audit Report released in Abuja on Friday.
$22.06bn, N481.75b not remitted to Federation Account between 1999-2015 – NEITI
NEITI made the clarification in a statement signed by its Director of Communications and Advocacy, Dr Orji Ogbonnaya Orji, in Abuja, on Tuesday.
NNPC, oil companies yet to remit $22bn, N481b to Federation Account — NEITI
NEITI made this known in its audit report released at the National Conference on Remedial Issues in Abuja on Monday.
FAAC: FG, States, LGs received N3.946t in six months – NEITI
The report released in Abuja, on Monday, noted that amount rose by 41.4 per cent compared to N2.788 trillion disbursed in the first half of 2017 and 95.4 per cent ...
How Nigeria lost 54.6% of its potential oil revenue in one year – NEITI
According to the report, the drop in prices of oil in the international market from $101.91 in 2014 to $52.16 in 2015 is a major factor.
Non-passage of enabling petroleum law has cost Nigeria $200b – NEITI
He said that NEITI’s 2013 audit of the oil and gas sector showed that $10.4 billion and N378.7 billion, that is N3.2 trillion at the current exchange rate, were lost
110m people have no business being poor in Nigeria – NEITI boss
He said: “For too long, our country is used as a symbol for anything that is wrong in terms of countries that are endowed with resources. “We want that narrative ...
FG loses $518m to oil swap, OPAs seals – NEITI
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Waziri Adio, made the disclosures in an interview with the Economic Confidential, the intelligence magazine
Anonymous companies, threat to Nigeria’s economy, security – NEITI
It, therefore, stressed the need for public disclosure of the real owners of companies operating in all sectors in Nigeria, especially those in the extractive sector
Nigeria loses $966m in four years to crude oil swap deal – NEITI
Crude Oil Swap is an arrangement by the Federal Government whereby the Nigeria National Petroleum Corporation supervises the trading of the nation’s crude oil for refined products
NEITI lauds Buhari’s reform initiatives, NNPC restructuring
The Nigerian Extractive Industries Transparency Initiative has commended the steps taken by President Muhammadu Buhari to reposition the Nigeria National Petroleum Corporation for greater efficiency. In a statement by its ...
NEITI boss makes case for oil subsidy removal
Ahmad also advised the Federal Government to device other means of mitigating the challenges of fuel availability and affordability faced by Nigerians outside of the subsidy method
NNPC assures NEITI of cooperation to consolidate transparency in oil industry
The statement quoted the Group Managing Director of the NNPC, Dr. Joseph Dawha, as giving the assurance when he met with a delegation of NEITI and International Extractive Industry Transparency ...
EITI urges Buhari to use NEITI audit reports to drive extractive industry reform
Short said it was important for the government to give attention to the reports in view of the in-depth analysis of the activities of operators in the extractive industry
Nigeria earned $62.9b as oil revenue in 2012 – NEITI
It stated that the report formed part of NEITI’s highlights on the Independent Audit Report in the Oil and Gas sector for 2012
Nigeria: NEITI clarifies alleged NNPC unremitted $22.8b
NEITI's Director of Communication, Dr. Orji Ogbonnaya Orji, said also that media reports from the presentation attributed to NEITI that the nation loses $8 billion annually through crude oil swap ...
NEITI wants Nigeria’s refineries privatised
The NEITI Executive Secretary, Zainab Ahmed, made the recommendation at the investigative hearing on the alleged connivance of the Nigerian National Petroleum Corporation and Swiss oil companies to defraud Nigeria ...
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