Oil Worth $42bn Stolen Ten Years - NEITI   Crude oil and refined products worth $41.9bn were stolen from Nigeria in the last 10 years, the Nigeria Extractive Industries Initiative has said. NEITI also urged the government to embrace oil fingerprinting technology, comprehensive metering infrastructure of all...

In 3 Years, Nigeria Exports N90.33bn Solid Minerals   Solid minerals worth N90.33bn were exported between 2015 and 2017, the latest report by the Nigeria Extractive Industries Transparency Initiative has stated. An analysis of the report also showed that China emerged the biggest importer of Nigeria’s solid...

NEITI: Nigeria Made N52.8bn From Solid Minerals In 2017     The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that Nigeria’s solid minerals sector contributed the total sum of N52.75 billion to the federation’s revenue in 2017 fiscal year. It said the revenue represented a 21 per...

Metering Can Reduce Volume Of Nigeria’s Stolen Oil - NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that Nigeria could reduce the volume of oil stolen from her shores by insisting on and installing adequate metering infrastructures at various oil production fields and...

NNPC Remittances Drop By N1.6trn In 5 Years   The remittances of the Nigerian National Petroleum Corporation to the Federation Account dropped by N1.59tn within a five-year period, figures contained in the latest report of the Nigeria Extractive Industries Transparency Initiative have shown. An analysis of NEITI’s...

Bringing NNPC To Sustainable Profitability A 10-year review of the Nigerian National Petroleum Corporation has revealed an unprofitable national oil company evidenced by reports from BudGIT and the Nigerian Extractive Industries Transparency Initiative. These records prove that the NNPC’s activities have been over time deluged with...