FG Charges IOCs to Comply with Gas Flare Directives The Federal Government has cautioned International Oil Companies operating in Nigeria to desist from disregarding gas flare directives of various regulatory agencies in Nigeria. It stated that though a few IOCs often complied with these directives, most...

Oil Theft: Nigeria Lost $1.8bn Fuel in Nine Years — NEITI The Executive Secretary of the Nigeri Extractive Industries Transparency Initiative (NEITI), Dr Ogbonnaya Orji, has disclosed that the country lost $1.84bn worth of petroleum products from refineries in nine years. Orji stated this on Monday...

Tinubu Inaugurates 15-man NEITI Governing Board President Bola Tinubu has inaugurated 15-member National Stakeholders Working Group, also known as the Governing Board of the Nigeria Extractive Industries Transparency Initiative. Represented by the Secretary to the Government of the Federation, Senator George Akume, who also chairs the...

Nigeria lost N4.3tn to oil Theft, Vandalism in Five years, Says FG The Federal Government says more than N4.3tn worth of crude oil was stolen in 7,143 pipeline vandalism cases within a period of five years. It disclosed this at the Nigeria International Pipeline Technology and...

CISLAC Urges Immediate Government Action to Address Disturbing Findings in NEITI Audit Report   The Civil Society Legislative Advocacy Centre (CISLAC) is urgently calling for immediate government action in response to the troubling revelations brought to light by the NEITI 2021 Oil and Gas Industry Audit...

NEITI Knocks NNPCL Over Failed 2.8tn Tax Payment The Nigerian National Petroleum Company Limited did not pay approximately N2.8 trillion in taxes to the Federal Government in 2022, according to the Nigerian Extractive Industries Transparency Initiative. In its newly released ‘2021 Oil and Gas Industry Report’,...