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Tag "NEITI"

EITI to Nigeria: Improve on stakeholder engagement, transparency or face suspension

    EITI to Nigeria: Improve on stakeholder engagement, transparency or face suspension

The Extractive Industries Transparency Initiative (EITI) says Nigeria may be suspended if it fails to meet requirements for validation commencing January 1, 2026. EITI validation is the assessment of the

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NEITI: Oil theft, pipeline vandalism have become national emergency

    NEITI: Oil theft, pipeline vandalism have become national emergency

Orji Ogbonnaya Orji, the executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), says oil theft and losses have become a national emergency in the country. Orji spoke on

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NNPC to collaborate with NEITI to investigate alleged indebtedness to federation account

    NNPC to collaborate with NEITI to investigate alleged indebtedness to federation account

The Nigerian National Petroleum Company Limited (NNPC) says it will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) to review its alleged indebtedness to the federation. Olufemi

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‘$23bn crude revenue, N1trn subsidy cost’ — highlights of NEITI’s oil and gas report

    ‘$23bn crude revenue, N1trn subsidy cost’ — highlights of NEITI’s oil and gas report

On Monday, the Nigeria Extractive Industries Transparency Initiative (NEITI) unveiled its 2021 oil and gas report, which provides information and data on the sector. Speaking at the event in Abuja,

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NEITI: NNPC didn’t remit $2bn to FG before transitioning to commercial entity

  NEITI: NNPC didn’t remit $2bn to FG before transitioning to commercial entity

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the defunct Nigeria National Petroleum Corporation (NNPC) did not remit $2 billion

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‘Unacceptable’ — reps say Nigeria lost N16.25trn to crude oil theft in 11 years

  ‘Unacceptable’ — reps say Nigeria lost N16.25trn to crude oil theft in 11 years

Tajudeen Abbas, speaker of the house of representatives, says Nigeria lost about $46 billion (N16.25 trillion) to crude oil theft

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NEITI: Nigeria’s solid minerals sector generated N814bn in 15 years

  NEITI: Nigeria’s solid minerals sector generated N814bn in 15 years

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the country generated N814 billion from solid minerals from 2007 to 2021.

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NEITI: Nigeria needs $20bn annual investment to bridge gas infrastructure gaps

  NEITI: Nigeria needs $20bn annual investment to bridge gas infrastructure gaps

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the country needs about $20 billion in annual investments to achieve the

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NEITI to investigate daily petrol consumption figure

  NEITI to investigate daily petrol consumption figure

The Nigerian Extractives Industries Transparency Initiative (NEITI) says there is no credible data to ascertain the daily consumption of petrol

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‘Revenue should be channeled to health, education’ — NEITI backs petrol subsidy removal

  ‘Revenue should be channeled to health, education’ — NEITI backs petrol subsidy removal

The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded President Bola Tinubu’s plan to enforce his predecessor’s decision to remove petrol

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