NEITI Reveals Oil and Gas Industry's $6.1bn Debt to FG   The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the oil and gas industry owes the federal government a whopping $6.1 billion in outstanding liabilities as of August 2024. These are made up of outstanding...

We Will Investigate Daily Petrol Consumption Figure - NEITI   The Nigerian Extractives Industries Transparency Initiative (NEITI) says there is no credible data to ascertain the daily consumption of petrol in Nigeria. Orji Ogbonnaya, its executive secretary, said the agency will conduct a study to ascertain the...

NEITI To Digitalise Oil, Gas Audit By December   The Nigeria Extractive Industries Transparency Initiative (NEITI) is set to digitalise and automate its audit data collection process from next month. The NEITI Audit Management System (NAMS) will ensure real time delivery of information and data by the...

NEITI Seeks Review Of Law To Tackle Illicit Financial Flows       The Nigeria Extractive Industries Transparency Initiative (NEITI) has begun consultations with the National Assembly to strengthen the law setting up the agency to tackle issues of actual ownership of assets in the oil and gas...

NNPC, NEITI Deepen Efforts to Unravel Oil, Gas Assets Owners       The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have vowed to ramp up efforts at unravelling actual owners of the country’s oil and gas assets as well as ensuring...

NEITI Records 200% Compliance From MDAs, Others         The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that compliance to its benchmarks by Ministries, Departments and Agencies (MDA) as well as companies in the oil and gas sector rose by over 200 per cent in 2019...