NEITI Reveals Oil Firms, Agencies Owe FG N1.5tn in Unremitted Revenues   The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that oil companies and some government agencies owe the federation about N1.5tn in outstanding oil and gas remittances. NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, stated...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed concern over the volume of gas flared in 2023, amounting to 183.408 billion standard cubic feet (SCF).

The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that revenue-generating agencies currently owe the government a total sum of N9.3tn in unremitted liabilities.

Nigeria Spends Over N13trn On Subsidy - NEITI   Nigeria expended over N13.69 trillion between 2005 to 2021 to finance subsidy payments, the Executive Secretary, Nigeria Extractive Industry Transparency Initiative (NEITI), Orji Ogbonnaya Orji, has said. “We have outlined what needs to be done in our policy...

FG Says Fuel Subsidy, Oil Theft Gulped N29trn   The Federal Government, disclosed that the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to oil theft from 2009 to 2020. It disclosed this...

FG Set To Strengthen Reforms In Oil Sector The federal government has expressed commitment to open up business deals in the oil and gas sector to end corruption and anonymity in the sector. The Executive Secretary of Nigerian Extractive Industries Transparency Initiative (NEITI), Dr Orji Ogbonnaya...