FG Spends N34bn on Vandalised Pipelines in 18 Months -Report The Nigerian National Petroleum Company Limited spent almost N34.47bn to repair and manage pipelines in 18 months due to the pipeline vandalism challenges faced in the country. The latest Oil and Gas Report released by the...

SERAP Wants Tinubu to Probe Buhari, Others   The Socio-Economic Rights and Accountability Project has called on President Bola Tinubu to launch an investigation into allegations of missing and unaccounted-for funds totaling over $15bn oil revenues and N200bn budgeted for refinery repairs between 2020 and 2021. These...

In Six Months, States Receive N1.51trn FAAC Allocation – NEITI The 36 states of the federation received about N1.51tn, or 34.5 per cent of the total N4.37tn shared by the three tiers of the government between January and June 2023, the Nigeria Extractive Industries Transparency...

Solid Minerals Earnings Rise to N814bn in 15 Years, Says NEITI The Nigeria Extractive Industries Transparency Initiative says Nigeria’s earnings from the solid minerals sector between 2007 and 2021, a period of 15 years, was N814.6bn. NEITI made this public in its latest 2021 industry report...

Daily Petrol Consumption Drops To 52m Litres   Average daily consumption of premium motor spirit (petrol) in Nigeria has dropped from 64,964,000 per day recorded on June 30, 2023 to 52 million. Daily truck out as at August 14 stands at 1,306 trucks carrying a total of...

FG Rakes in $742bn Oil Revenue in 21 years - NEITI The Nigeria Extractive Industries Transparency Initiative says Nigeria earned $741.5bn and N635.3bn from the oil/gas and solid minerals sectors respectively, between 1999 and 2020, a period of about 21 years. NEITI’s Executive Secretary, Ogbonnaya Orji,...