The Nigeria Extractive Industries Transparency Initiative (NEITI) says it will unveil its 2022/2023 reports on oil, gas and solid minerals industries on Sept. 24. Executive Secretary, NEITI, Dr Orji Ogbonnaya Orji, said this at the global Extractive Industries Transparency Initiative…
The Ministry of Solid Minerals Development is partnering with the global Extractive Industries Transparency Initiative (EITI) to drive reforms in the sector. Its minister, Dr Dele Alake has said. Alake disclosed this while receiving a delegation of EITI led by…
The Nigeria Extractive Industries Transparency Initiative and the Nigerian Upstream Petroleum Regulatory Commission, have clarified concerns around the 2020 marginal fields awards. Both agencies explained in separate statements that recent reports that quoted NEITI report to have insinuated that the…
Nigeria has an unpaid gas royalty of $559.8 million and an unpaid gas flare penalty of $828.8 million. This is according to the Nigerian Extractives Industries Transparency Initiative (NEITI). The Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji, said…
The Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report on the oil and Gas industry in 2021 has accused the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) of flouting its own regulations while implementing the 2020/2021 marginal fields award.…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for support from the Economic and Financial Crimes Commission (EFCC) in its quest to ensure transparency and accountability in the extractive industries in the country. EFCC Spokesperson, Dele Oyewale, quoted the…
The Nigeria Extractive Industries Transparency Initiative (NEITI) says the Federal government revenue generating agencies remitted a total of about N14.38 trillion as revenue from the extractive sector to the Federation Account (FA) between January 1, 2020 and December 31, 2021.…
A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the South-east zone of Nigeria received the lowest allocation from the 13 percent derivation revenue payment. The 13 percent derivation fund is a fund distributed to oil-producing…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said it will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by President Bola Ahmed Tinubu to investigate,…
The Nigerian Extractive Industries Transparency Initiative says the Federal government rakes in N4.3tn from the oil and gas in 2021. According to NEITI’s ‘Oil and Gas Industry Report for 2021, this represents about 40 per cent of the total revenue…
