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NEITI

EITI Questions NNPC’s 20% Stake in Dangote Refinery


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The global Extractive Industry Transparency Initiative (EITI) has raised concerns over the Nigerian National Petroleum Company (NNPC) Limited’s 20 percent share in Dangote Petroleum Refinery, adding that many questions are left…

NEITI, EFCC In Talks To Strengthen Collaboration


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The Nigeria Extractive Industries Transparency Initiative, NEITI, has called on the Economic and Financial Crimes Commission, (EFCC), to back it up more in its quest for transparency and accountability in the extractive industries in…

NNPC to partner with NEITI to reconcile financial records


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The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it is collaborating with the Nigeria Extractive Industries Transparency Initiative (NEITI) and other stakeholders to reconcile alleged indebtedness by the company. The…

NEITI set to partner with international community to grow extractive industry


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The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed readiness to collaborate with the international community to advance the oil, gas and mining sectors. The Executive Secretary of the Agency, Dr Orji…

Nigeria earned over $740bn from Oil & Gas in 21 years – NEITI


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Nigeria earned $741.5bn and N635.3bn from the oil/gas and solid minerals sectors respectively, between 1999 and 2020, a period of about 21 years, the Nigeria Extractive Industries Transparency Initiative announced on Wednesday. NEITI’s…

NEITI to conduct study on petrol consumption rate in Nigeria


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The Nigeria Extractive Industries Transparency Initiative (NEITI) says it will conduct a study to determine the actual consumption of petrol in Nigeria, stressing that the high PMS consumption figures being released by some agencies of…

NEITI presents 2019 Industry Audit Report


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The Nigeria Extractive Industry Transparency Initiative NEITI has presented its 2019 industry audit reports and inaugurated the communications/Civil society steering committee to enhance communication efficiency and promote transparency in…

NEITI seeks support to recover debt


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Nigerian government has asked seventy seven oil and gas companies to pay over Two point Six trillion naira debt. The debt were acquired as a result of the companies’ failure to remit petroleum profit tax, company income tax,…