Buhari Okays Panel For N2.66trn Recovery From Oil Firms   President Muhammadu Buhari has approved the recovery of debts owed the federation by government agencies and oil and gas companies in the country’s extractive sector. On September 29, 2021, The Economic Confidential reported that the indebtedness of...

In Five Years, FG Earned N39.648trn Revenue - NEITI           Nigeria Extractive Industries Transparency Initiative (NEITI) has said the total revenue accruing to the Federal Government in the last five years from all sectors is N39.648 trillion. The solid minerals sector, according to watchdog organization, contributed N308.43...

Fed Govt Releases Fresh Debtors’ List Nov, 77 Oil Firms Owe N2.66trn           The indebtedness of 77 oil and gas companies to the Federal Government is now N2.66tn, the Nigeria Extractive Industries Transparency Initiative said on Tuesday. NEITI’s Executive Secretary, Orji Ogbonnaya-Orji, who said this in Abuja...

President Buhari Appoints NEITI Into PIA Committee           President Muhammadu Buhari has approved the appointment of the Nigeria Extractive Industries Transparency Initiative (NEITI) into the Petroleum Industry Act (PIA) Implementation Steering Committee. The president’s approval of the appointment of the transparency and extractive industry watchdog into the...

NEITI Board To Intensify Oil Revenue Drive       The transparency of the Federal Government in the oil, gas and mining industries is irrevocable, President Muhammadu Buhari stated on Thursday. Buhari stated this as the newly inaugurated 15-member Governing Board of the Nigeria Extractive Industries Transparency Initiative and...

Nigeria Imported 20.60bn Litres Of Petrol In 2019 ― NEITI     The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria imported a total volume of 20.60 billion litres of Premium Motor Spirit (PMS), popularly known as Petrol, in 2019. This is contained in NEITI audit report on...