NEITI Clears NNPC, Says 11 Audit Issues Resolved         The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved. In a statement in Abuja,...

NEITI, CSOs Seek Transparency In Oil, Mining Contracts       The Nigerian Extractive Industries Transparency Initiative, the Centre for Transparency Advocacy and the Media Initiative for Transparency in Extractive Industries on Thursday faulted the level of transparency in oil and mining sectors contracts. All three parties called on...

NEITI Records 200% Compliance From MDAs, Others         The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that compliance to its benchmarks by Ministries, Departments and Agencies (MDA) as well as companies in the oil and gas sector rose by over 200 per cent in 2019...

NEITI Seeks NASS Partnership On Transparency The Nigeria Extractive Industries Transparency Initiative (NEITI) has renewed its appeal to the National Assembly to use the findings of its audit reports to push for wider reforms in the oil and gas industry. The NEITI Executive Secretary, Waziri Adio,...

The Nigerian Extractive Industry Transparency Initiative (NEITI) has revealed that the Nigerian Liquefied Natural Gas (NLNG) failed to account for $15.9 billion oil proceeds it received on behalf of the Nigerian government. This was disclosed yesterday by the Executive Secretary of NIETI, Waziri Adio, at...

And, sadly, it came to pass. It is well predicted that most countries blessed with natural resources, even in the best of times, perform worse economically than countries not so endowed; and that, when times are tough, countries that are dependent on natural resources...