Solid Minerals Earnings Now N69.47bn – NEITI     Nigeria earned N69.47bn from the solid minerals sector in 2018, the country’s highest earnings from the industry in 12 years, an audit report released on Sunday by the Nigeria Extractive Industries Transparency Initiative stated. According to the report, the...

NEITI Unveils Owners Of Oil Companies, Mining Licences   The Nigeria Extractive Industries Transparency Initiative on Thursday unveiled the extractive sector beneficial ownership register for Nigeria. NEITI’s Executive Secretary, Waziri Adio, said the register was to enthrone transparency in the extractive sector in particular and the country...

About 36.5 Million Barrels Of Oil Stolen In 2017 – NEITI   It said Nigeria lost about 36.5 million barrels of crude oil to theft and sabotage in 2017, the Nigerian Extractive Industry Transparency Initiative has said. An analysis of the latest annual oil and gas report...

FG, States, Others Share N2.27trn In Q3, 2019   The Federation Account Allocation Committee disbursed N2.27trn to the three tiers of government and other statutory recipients from July to September this year. According to the Nigeria Extractive Industries Transparency Initiative, the disbursement was 18.79 per cent higher...

NEITI: Nigeria’s Indebtedness To IOCs In Cash-call Hits $3.501bn   Nigeria has significantly reduced the accumulated debt it owes International Oil Companies (IOCs) for cash-call for oil and gas production from $5.510 billion to $3.501 billion, the Nigeria Extractive Industries Transparency Initiative (NEITI) has said. NEITI, in...

Nigeria Rakes In $21bn From Oil In 2017, Says NEITI   Nigeria earned $21bn from the oil and gas sector in 2017, representing a 23 per cent increase from the 2016 figure of $17.05bn and 15 per cent lower than $24.79bn recorded in 2015. The Nigeria Extractive...