Oil Exploration Activities Decline, Threaten 40bn Reserves Target
Nigeria has recorded a significant 19.3 per cent decline in the level of oil exploration in the first 10 months of this year, a development which may be threatening the Federal Government’s plan to restore growth in...
Nigeria To Earn More Oil Revenue In 2020 Than Estimated - NEITI
Nigeria has surpassed the amount of revenue it planned to earn from its amended 2020 budget and could earn more before the year ends, the Nigeria Extractive Industries Transparency Initiative (NEITI) has stated.
The...
Despite COVID-19, FG, States, LGs Shared N2.054trn In Q3 - NEITI
The Federation Account Allocation Committee disbursed a total of N2.05tn to the three tiers of government and other statutory recipients in the third quarter of the year, figures released on Tuesday by the Nigeria...
NEITI Set To Automate Platform For Audit Data Submission
The Nigeria Extractive Industries Transparency Initiative on Wednesday announced that it would unveil a platform that automates the data gathering component of its extractive industry audit process on Friday.
It said the NEITI Audit Management System would...
NEITI, CSOs Seek Transparency In Oil, Mining Contracts
The Nigerian Extractive Industries Transparency Initiative, the Centre for Transparency Advocacy and the Media Initiative for Transparency in Extractive Industries on Thursday faulted the level of transparency in oil and mining sectors contracts.
All three parties called on...
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...
