In 5 Years, FG Paid N303.4bn Bridging Claims To Oil Marketers   The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that the federal government paid out a total of N303.4 billion to petrol marketers in five years – between 2012 and 2016, as financial claims...

In 5 Years, NNPC Others Remitted N28.58trn To Federation Account – NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that N28.58 trillion was remitted to the Federation Account between 2012 and 2016. The remittances came from three major sources: mineral revenues, non-mineral revenues...

NNPC Under-remitted N78bn To Federation Account, NEITI Says   The Nigeria Extractive Industries Transparency Initiative on Thursday announced that the Nigerian National Petroleum Corporation under-remitted N77.92bn to the Federation Account from domestic crude allocation in 2017. It disclosed this in its latest report on Nigeria’s share in...

States Recorded Huge Budget Deficits In 2018 - NEITI   A report released Wednesday in Abuja by the Nigerian Extractive Industries Transparency Initiative ( NEITI), has revealed that the 36 states received N3.95 trillion as total revenues in 2018 but none of the states could fund...

NEITI Wants New GMD To Push For More Reforms In NNPC   The Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday hailed the appointment of Mele Kyari as the new Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC). It described the appointment as a positive...

As Oil Price Slump, FAAC Disbursements Drop In 2019 Q1 The fall in oil prices slightly affected government earnings in the first quarter of 2019 as the Federation Allocation Account Committee disbursed N1.929tn between January and March this year. The figure represents a 0.45 per cent...