Tag: EITI

Only 37 countries have so far committed to disclose some or all extractive contracts.

The group invites the NNPC GMD to participate in its forthcoming virtual workshop.

Despite noticeable strides, the official says there is still "quite a large number of corrective actions" for the Nigerian government ...

The EITI director called on the NNPC "to enlist into the EITI family as a supporting company."

Nigeria joins Norway as the second to attain the status in the 52 member group.

...I will be the president that takes us on a race to the top, not a race to the bottom ...

NEITI is seeking to expand scope of operations to cover commodity trading.

The Executive Secretary of NEITI, Waziri Adio, made the call while addressing the International Board of the global organisation.

‎"Niger has made inadequate progress in meeting the EITI’s requirements on civil society engagement."‎

“The vice president reaffirmed the Buhari administration’s commitment to a sustained EITI implementation in Nigeria.”

The vice president says both countries should collaborate in palm oil research and production.

''We should not continue to trifle with a sector that still accounts for bulk of government revenues.”

Multi-national oil companies mostly want the meters at the oil tank farms and export terminals.

The Executive Secretary announced that NEITI would introduce a ranking reward system.

"After a careful review of Nigeria’s efforts ... the EITI Board has decided that Nigeria is making meaningful progress..."

Mr. Buhari says the process of opening up beneficial owners of entity has begun.

The transparency agency wants beneficial ownership reporting in extractive sector built into its yearly audit reports,

NEITI to ensure revenues from oil, gas and mining result in poverty reduction.

Areas of proposed change include funding, access to information, inclusion of confidentiality clauses in joint venture contracts and more.

Politicians appointed by the former administration had urged the global EITI to pressure President Buhari to reverse his sacking of ...

Absence of the Board will technically stall the work of NEITI in the extractive industries

The group wants its principles integrated into the new government’s policy.

The non-implementation of the recommendations have been blamed on lack of strong political will by governments.

About $40.9billion of about $60billion Africa is losing annually to illicit financial flows comes from Nigeria.

EITI says it hopes that Trafigura’s decision would spur transparency and accountability in the commodity trading industry.