NEITI Clears NNPC, Says 11 Audit Issues Resolved         The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved. In a statement in Abuja,...

Fed Govt Pushes For Transparency In Oil Industry       The Federal Government is seeking to bring transparency in oil industry and impose sanctions on firms that fail to, or partially publish details of their contracts as well as payments to governments and private sector annually. The Federal...

EITI To Back NNPC In Financial Reporting       The Extractive Industries Transparency Initiatives (EITI) has promised to support the Nigerian National Petroleum Corporation in the aspect of the oil firm’s financial reports. EITI is a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries. The...

With More Transparency, Nigeria Recovers $3bn from Oil Sector - W/Bank     The World Bank and the Extractive Industries Transparency Initiative (EITI), the global standard for the promotion of openness in the oil, gas and mineral resources management, have said Nigeria has so far recovered about...

EITI Counsels Nigeria, Others On Extractive Sector Revenue   The Extractive Industries Transparency Initiative (EITI) has offered countries such as Nigeria which are rich in mineral resources an advisory on how to protect their extractive sector revenue with the outbreak of the COVID-19. Speaking in a Sussex...

EITI Seeks Partnership With NNPC   The Extractive Industries Transparency Initiative (EITI) is seeking partnership with the Nigerian National Petroleum Corporation (NNPC), the director of EITI, Mark Robinson, said on Monday in Abuja. “NNPC is well placed as a transparent company to promote EITI’s new standards of...