Nigeria’s Oil And Revenue Now $742.48bn - NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has said the Federal Government has earned $741.48billion revenue from the oil and gas sector. The earnings, according to the Executive Secretary Dr. Orji Ogbonnaya Orji, do not include the ones...

NEITI Raises Committee On Contract Transparency In Oil, Gas Sector   Joint Inter-Agency Committee on the public disclosure of the contents of oil, gas and mining contracts have been set up by the Nigeria Extractive Industries Transparency Initiative (NEITI). The contracts to be disclosed include the terms...

President Buhari Appoints NEITI Into PIA Committee           President Muhammadu Buhari has approved the appointment of the Nigeria Extractive Industries Transparency Initiative (NEITI) into the Petroleum Industry Act (PIA) Implementation Steering Committee. The president’s approval of the appointment of the transparency and extractive industry watchdog into the...

Many Mining Operators Underpaying Royalties, Overstretching Exploration Licenses - NEITI     The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that many operators in the nation’s mining industry are underpaying royalties to the government, while also overstretching their exploration licenses. The agency stated that under the mining...

DPR Targets N900bn Remittance Into Federation Account In Q2, 2021       The DPR has said it is targeting to generate and remit about N900 billion into the Federation Account in the second quarter of the year. The agency has also received over $20 billion investment proposals since...

OAGF, NEITI Partner On Tracking Oil, Gas Revenue       The Office of the Accountant General of the Federation (OAGF) said it will support the Nigeria Extractive Industries Transparency Initiative (NEITI) in tracking oil and gas revenue that accrue to the Federal Government to ensure appropriate remittances. The...