Tag: NEITI

The federal and 36 state governments must remove bottlenecks to a functional sovereign wealth fund, SWF to provide cover against ...

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

The PIB is the draft law containing proposed legal, fiscal and regulatory frameworks guiding operations of the country's petroleum industry.

An NNPC top official reportedly admitted discrepancies in documents submitted to the lawmakers.

The bill was passed on Thursday by the Senate.

The bill, which has spent years in the National Assembly, will go to the House for concurrence before seeking presidential ...

NEITI accuses the NNPC of unvervaluing the assets transfered to its subsidiary, the Nigerian Petroleum Development Company..

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

The amount also included NPDC’s legacy liabilities and payments for domestic crude allocation to NNPC.

“Audit reports revealed that the NNPC and its upstream subsidiary failed to remit over $21.78 billion and N316.1 billion to ...

The report showed that Kwara and Ebonyi received the least federal allocations of N30.08 billion and N30.09 billion.

Several organizations have been advocating the adoption of the OCDS by the Nigerian government.

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

Nigeria’s crude oil production dropped by about 27.2 per cent between January 2015 and September 2016.

“The target of the ministry is to achieve 5 per cent contribution to the gross domestic product (GDP) by 2020."

“With the sharp drop in allocations to the three tiers, governments may be unable to fund their budgets in 2016."

NEITI wants the ownership disclosure should be incorporated in the Petroleum Industry Governance Bill.

Last year, ahead of the general elections, the group held its inaugural symposium themed 'Political Campaigns and the Looming Tsunami ...

NEITI says the Nigerian government has never tried to censor its reports.

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

NEITI will take its mandate beyond the usual oil and gas annual audits reports.

Mr. Adio says he has properties in Lambe, Ogun State, Abuja, Nigeria's capital and in his native Iwo in Osun ...

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

The group praises the appointment of Waziri Adio as head of NEITI.

Mr. Adio was appointed alongside 23 others to serve as board members.