Many Mining Operators Underpaying Royalties, Overstretching Exploration Licenses - NEITI     The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that many operators in the nation’s mining industry are underpaying royalties to the government, while also overstretching their exploration licenses. The agency stated that under the mining...

NEITI Seeks Review Of Law To Tackle Illicit Financial Flows       The Nigeria Extractive Industries Transparency Initiative (NEITI) has begun consultations with the National Assembly to strengthen the law setting up the agency to tackle issues of actual ownership of assets in the oil and gas...

NNPC, NEITI Deepen Efforts to Unravel Oil, Gas Assets Owners       The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have vowed to ramp up efforts at unravelling actual owners of the country’s oil and gas assets as well as ensuring...

Nigeria Earned N79.96bn From Solid Minerals – NEITI       The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria earned N79.96bn from the solid minerals sector in 2019, according to its 2019 audit report on the sector, released on Sunday, in Abuja. It said that the figure, which...

DPR Targets N900bn Remittance Into Federation Account In Q2, 2021       The DPR has said it is targeting to generate and remit about N900 billion into the Federation Account in the second quarter of the year. The agency has also received over $20 billion investment proposals since...

Port Harcourt Refinery Rehab: We Can’t Afford to Fail – NNPC … Says Project to Generate 3,000 Jobs as Construction Work Kicks off The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not...