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Tag "Nigeria Extractive Industries Transparency Initiative (NEITI)"

NEITI to launch books on mining impact, management 13% derivation allocation

    NEITI to launch books on mining impact, management 13% derivation allocation

The Nigeria Extractive Industries Transparency Initiative (NEITI) has announced plans to launch two publications that have a direct impact on revenue management and governance of Nigeria’s extractive sector.  According to

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Despite COVID-19 crisis, FAAC shares highest Q1 revenue in six years

    Despite COVID-19 crisis, FAAC shares highest Q1 revenue in six years

Disbursements from the federation accounts allocation committee to the three tiers of government in the first quarter of 2020 was the highest first-quarter disbursements since 2014. This is according to

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NEITI: FAAC disbursment drops to N1.9trn — hits five-quarter low

    NEITI: FAAC disbursment drops to N1.9trn — hits five-quarter low

Disbursements from the federation accounts allocation committee (FAAC) hit a five-quarter low in the second quarter of 2019. According to a report released by the Nigeria Extractive Industries Transparency Initiative

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REVEALED: Lagos revenue in 2018 was higher than that of the entire south-east

    REVEALED: Lagos revenue in 2018 was higher than that of the entire south-east

The total revenue received by the Lagos state government in 2018 was higher than what was received by the entire south-east region. The south-east region consists of five states namely:

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NEITI: No state can fund its budget with IGR, FAAC allocation

  NEITI: No state can fund its budget with IGR, FAAC allocation

No state in the country can finance its annual budget with its internally generated revenue and resources received from the

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Kachikwu: New oil licences will be issued when PIGB becomes law

  Kachikwu: New oil licences will be issued when PIGB becomes law

Ibe Kachikwu, minister of state for petroleum resources, says new licences for oil blocks will be issued when the petroleum

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NEITI: Rise in taxes pushed government’s mining revenue to N69bn

  NEITI: Rise in taxes pushed government’s mining revenue to N69bn

The  Nigeria Extractive Industries Transparency Initiative (NEITI) says the federal government’s revenue from mining increased by 23 percent to N69

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NEITI to FG: Revisit oil block allocations, NPDC is inefficient

  NEITI to FG: Revisit oil block allocations, NPDC is inefficient

The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that the Nigeria Petroleum Development Company (NPDC) is inefficient. While speaking

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