Tuesday, November 13, 2018

Tag "NEITI"

    Ogun leads as Nigeria’s solid minerals output jumps by 33%

Ogun leads as Nigeria’s solid minerals output jumps by 33%

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the solid minerals sector contributed N43.22 billion to government coffers in 2016.In a report released by the agency on Tuesday, it was also recorded that Nigeria's solid minerals production jumped by 33 percent in the same year, with Ogun state taking the lead in production and revenue receipt.The report, signed by Orji [...]

0 comment Read Full Article
    NEITI to hold conference on remedial issues

NEITI to hold conference on remedial issues

The Nigeria Extractive Industries Transparency Initiative (NEITI) is set to hold a conference on resolving outstanding remedial issues in the oil, gas and mining sector.In a statement on Friday, Ogbonnaya Orji, director, communications and advocacy of NEITI, said experts across the extractive industries have been invited for the conference."Experts across the extractive industries value chain have been assembled to review the status [...]

0 comment Read Full Article
    Oby Ezekwesili makes PRIO’s shortlist for 2018 Nobel Peace Prize ‘for making the world less corrupt’

Oby Ezekwesili makes PRIO’s shortlist for 2018 Nobel Peace Prize ‘for making the world less corrupt’

Oby Ezekwesili, former vice-president of the World Bank and co-founder of Transparency International (TI), made PRIO's final shortlist for the 2018 Nobel Peace Prize.PRIO is the Peace Research Institute, Oslo, whose director has the power to nominate distinguished peace advocates to the Nobel Committee for consideration.Nominations for the Nobel Peace Prize is taken from certain individuals holding positions set forth [...]

1 comment Read Full Article
    I am in good hands, says Zainab Ahmed as she takes charge of finance ministry

I am in good hands, says Zainab Ahmed as she takes charge of finance ministry

Zainab Ahmed, acting minister of finance, assumed duty on Monday, expressing hope that she is in good hands.President Muhammadu Buhari appointed her following the resignation of Kemi Adeosun who was caught in a scandal of forging the exemption certificate of the National Youth Service Corps (NYSC).Ahmed described the task ahead of her as challenging, promising to tap from the experience [...]

0 comment Read Full Article
    NEITI: Osun’s total FAAC deductions in half year 2018 exceeded total allocation

NEITI: Osun’s total FAAC deductions in half year 2018 exceeded total allocation

The total deductions made from Osun's disbursements from the federation account allocation committee exceeded the total allocation the state got.According to a quarterly review released by the Nigerian Extractive Industries Transparency Initiative, the total allocations Osun got between January and June 2018 was N10.24 billion and the total deductions made was N14.52 billion.Although data showed that FAAC disbursements as of June [...]

0 comment Read Full Article
    INFOGRAPHIC: Projected 2018 revenue of states grossly inadequate to fund budgets

INFOGRAPHIC: Projected 2018 revenue of states grossly inadequate to fund budgets

The Nigeria Extractive Industries Transparency Initiative (NEITI), says states in the federation will be unable to execute their budgets or may have to increase borrowing because projected revenue is less than planned spending.In its quarterly review released on Thursday, NEITI said projected revenue for the 36 states was derived by summing up total projected internally generated revenue (IGR) with projected [...]

0 comment Read Full Article
    Waziri Adio: Oil sector needs to be a real blessing — not needless curse

Waziri Adio: Oil sector needs to be a real blessing — not needless curse

Waziri Adio, executive secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), says implementation of laws will reposition and transport the oil and gas sector to become a real blessing and not just a "needless curse".Speaking at a symposium on petroleum industry governance bill (PIGB) in Abuja, Adio commended the national assembly for passing PIGB.He said Nigerians will be deluded to think the job [...]

0 comment Read Full Article
    PIGB will check outright stealing in oil sector, says NEITI

PIGB will check outright stealing in oil sector, says NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the passage of the petroleum industry governance bill (PIGB) will bring about professionalism and accountability in the oil sector.In a statement on Sunday, Orji Ogbonnaya Orji, its director of communications and advocacy, the organisation commended the senate and the house of representatives for passing the bill into law.Prior to its passage, the [...]

0 comment Read Full Article
    Waziri Adio to legislators: You can pass all four PIBs before 2019… do it for Nigeria

Waziri Adio to legislators: You can pass all four PIBs before 2019… do it for Nigeria

Waziri Adio, executive secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), has urged the national assembly to pass all four subsets of the Petroleum Industry Bill (PIB) before 2019 elections.Adio in a series of tweets said the Petroleum Industry Governance Bill (PIGB), a part of the PIB which passed third reading in the house of representatives on Wednesday, was the easiest [...]

0 comment Read Full Article
    Many geologists are riding ‘Okada’, says UI prof

Many geologists are riding ‘Okada’, says UI prof

Olugbenga Okunlola, a professor of geology at the University of Ibadan, says most of the geologists in the country are not practising what they studied in school.Okunlola, a board member of the Nigeria Extractive Industries Transparency Initiative (NEITI),  made the statement at the south-west zonal stakeholders' workshop of the agency in Abeokuta.He went down memory lane, tracing the origin of [...]

1 comment Read Full Article
    We need to delink our economic fortunes from the fate of oil prices, says Adio

We need to delink our economic fortunes from the fate of oil prices, says Adio

Waziri Adio, executive secretary of the Nigerian Extractive Industries Transparency Initiative (NEITI), has advised the federal government to delink the country's economic fortunes "from the fate of oil prices".He said the days of oil were numbered, appealing to the government to act on time.Adio said this statement at the third edition of the annual lecture of the Dauda Adegbenro Foundation, which held [...]

0 comment Read Full Article
    Ajimobi, Amosun to grace Adegbenro’s lecture on extractive industries

Ajimobi, Amosun to grace Adegbenro’s lecture on extractive industries

Abiola Ajimobi, governor of Oyo state and Ibikunle Amosun, his Ogun state state counterpart, are among the top government officials and key players in the private sector expected to attend the third annual programme of Dauda Adegbenro Foundation.The lecture, themed 'Transparency in the Extractive Industries: Driving wealth creation and sustainable revenue as solution to economic recession', is scheduled to hold on [...]

0 comment Read Full Article
    NNPC GMD: We don’t see a penny from crude sales

NNPC GMD: We don’t see a penny from crude sales

Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), says the oil firm does not “see a penny” from the sale of crude oil.Baru said this in response to some critical reports, especially from the Nigeria Extractive Industries Transparency Initiative (NEITI).In its March 2017 policy brief, NEITI said by its own calculations, the total unremitted revenues to [...]

0 comment Read Full Article
    We prefer spending to saving, says Adio

We prefer spending to saving, says Adio

Waziri Adio, the executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), says Nigeria prefer spending crude oil money instead of saving.Speaking on Arise Television, Adio said Nigeria prefer spending than saving."The problem is that we save and spend, rather than save and keep," he said.[...]

0 comment Read Full Article
    Adio: Angola saves 100,000 barrels worth of oil daily — Nigeria can do better

Adio: Angola saves 100,000 barrels worth of oil daily — Nigeria can do better

Waziri Adio, the executive secretary of the Nigeria Extractive Industry Transparency Initiative (NEITI), says the country should amend its constitution to allow for savings in and out the time of plenty.Speaking in an interview with Arise TV, Adio said the law of the land does not allow for savings, as much as it should, stating that Angola saves the equivalent [...]

0 comment Read Full Article
Advertisement
Advertisement

 

Advertisement

Advertisement

Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement