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Nigeria may Lose N3.43trn to Gas Flaring, NEITI Warns

The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed concern over the volume of gas flared in 2023, amounting to 183.408 billion standard cubic feet (SCF).

NEITI Promises to Review $6bn Divestments by IOCs

The Nigeria Extractive Industries Transparency Initiative (NEITI) has pledged to strengthen transparency in the oil and gas sector and review the recent divestments by international oil companies.

Revenue-Generating Agencies Owe FG N9.3tn, NEITI Says

The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that revenue-generating agencies currently owe the government a total sum of N9.3tn in unremitted liabilities.

NEITI Reveals Oil and Gas Industry’s $6.1bn Debt to FG

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...

P’Harcourt, Warri Refineries’ Resumption Step Towards Energy Sufficiency – NEITI

P’Harcourt, Warri Refineries' Resumption Step Towards Energy Sufficiency – NEITI The Nigeria Extractive Industries Transparency Initiative has said the resumption of operations at the 210,000 barrels per day Port Harcourt refinery and the 150,000bpd Warri refinery is a monumental step towards achieving energy self-sufficiency and...

NEITI: Mining Sector Remits N1.1tn to Federation Account in Five Years – Report

 NEITI: Mining Sector Remits N1.1tn to Federation Account in Five Years - Report The Nigerian Extractive Industries Transparency Initiative report stated that the extractive and mining sector remitted N1.14tn as revenue to the federation account between 2019 and 2023. It said this substantial amount was subsequently...