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Revenue Generating Agencies Remitted N14.38 Trillion to the Federation Account in Two Years – NEITI FASD Report

The Nigeria Extractive Industries Transparency Initiative, NEITI, says the Federal government revenue generating agencies remitted a total of about ₦14.38 trillion as revenue from...

Unremitted Revenue Rises to $9.85bn, NEITI Latest Oil and Gas Report Reveals 80% of the financial liabilities are owed by the NNPCL 

  …Report urges computation of 13% derivation based on Section 162 (2) of Nigeria’s Constitution     The total unremitted revenues to the Federation by some relevant government...

The E.D, Spaces for Change, S4C, charges communities to seize the opportunities created by PIA to stimulate the sustainable development of their...

The Executive Director, Spaces for Change, S4C, Victoria Ibezim-Ohaeri, has charged communities to seize the opportunities created by the Petroleum Industry Act, PIA to...

NEITI to determine the quantity of PMS Consumption and the utilization of the 13% derivation in Nigeria

The Nigeria Extractive Industries Transparent Initiative, NEITI, has concluded plan to commission  a study to determine the quantity of Premium Motor Spirit, PMS, Consumption...

‘Nigeria earned $741.48bn from Oil and Gas in 21 years’

The Federal Government yesterday revealed it earned about $741.48 billion from Oil and Gas between 1999 and 2000, according to the Nigeria Extractive Industries...

NEITI to prepare Nigeria for global governance assessment in Oil/Gas, Mining Sectors

As part of effort to ensure transparent, accountable, and beneficial extractive industry, Nigeria Extractive Industries Transparency Initiative, NEITI, has given assurance of its plans...

NEITI audit: FG recovers N600bn from oil companies

The Federal Government has recovered N600bn from oil and gas companies operating in Nigeria which comprised unpaid taxes, royalties, penalties and commission on rentals...

Nigeria must mainstream transparency, accountability mechanisms into her energy transition agenda- NEITI

  ... Assures that NEITI ll pilot roles of the media in the effective implementation of the PIA   The Executive Secretary, Nigeria Extractive Industries Transparency Initiative,...

Oil companies debt to Nigeria amounts to N1.32 trillion in 2020 says NEITI  

  Nigeria earned $20.43 billion from the sector in 2020, a decline of 40 per cent compared to $34.22 billion realised in 2019. The Nigeria Extractive...

The launch of the global Opening Extractives in Nigeria is another giant leap-Jeremiah

  It is evident that Nigeria has made a number of positive efforts to ensure transparency in beneficial ownership. However, there still exists great room...

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