Dangote, Two Others Account For N3.48bn Social Expenditure — NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has named Dangote Group, Lafarge Africa Plc and First Patriots as the top three contributors to the mining industry’s social expenditure with N3.48 billion total spending. The figure, according...

Reps Demand Evidence of taxes, royalties, other Payments  House of Representatives Ad-hoc Committee on the recovery of N2.6 trillion being owed by oil and gas companies to federal government has instructed companies to ensure they prove they have made payments of taxes, royalties, and other...

NEITI Raises Committee On Contract Transparency In Oil, Gas Sector   Joint Inter-Agency Committee on the public disclosure of the contents of oil, gas and mining contracts have been set up by the Nigeria Extractive Industries Transparency Initiative (NEITI). The contracts to be disclosed include the terms...

NEITI To Digitalise Oil, Gas Audit By December   The Nigeria Extractive Industries Transparency Initiative (NEITI) is set to digitalise and automate its audit data collection process from next month. The NEITI Audit Management System (NAMS) will ensure real time delivery of information and data by the...

In One Year, Oil Companies’ Gas Flare Payments Jump From $15.4m To $307.4m   Gas flaring payments made by oil companies increased from a meagre $15.5 million to $307.4 million between 2018 and 2019, the most recent audit report from the Nigeria Extractive Industries Transparency Initiative...

Nigeria Losing $3bn To Illegal Mining - NEITI   The Director, Technical, Nigeria Extractive Industry Transparency Initiative, Dr Dieter Bassi, has said Nigeria is losing $2bn-$3bn to illegal mining. He said this during a town hall meeting on the dangers of foreign illegal mining in Nigeria on...