Tag
NEITI
Dr Ogbonnaya Orji, the Executive Secretary NEITI says Nigeria’s oil and gas sector generated $764.52 billion from 1999 to 2021.
NCDMB invested N46.8 billion to boost 11 gas and petrochemical companies in 2020 and 2021.
NUPRC emerged as the primary contributor to the 2020-2021 mineral revenue, accounting for a significant N2.71 trillion of the total N6.40 trillion, according to the NEITI.
NEITI has said Nigeria recorded 7,143 pipeline vandalism cases in 5 years resulting in N471 billion spent on repairs.
The Nigerian National Petroleum Company Limited (NNPCL) has categorically refuted recent media reports suggesting the awarding of pipeline contracts to a select group of “Northern oil cabal.”
The Nigerian Extractives Industries Transparency Initiative (NEITI) has provided some recommendations on how the Federal Government can tackle crude oil theft decisively.
In 2021, the Nigerian National Petroleum Company Limited (NNPCL) facilitated the lifting of a total of 14.23 million barrels of crude oil, valued at $999.71 million on behalf of various stakeholders.
In a revelation of paramount significance, the Nigerian Extractives Industries Transparency Initiative (NEITI) announced that the total outstanding financial liabilities in the oil and gas sector owed to the Federation amount to a substantial $8.264 billion.
The Nigerian Government's efforts to bolster mining revenue received a significant boost, with the Nigeria Extractive Industries Transparency Initiative (NEITI) announcing a record-breaking achievement.
Rt Hon. Ikeagwonu Ugochinyere (Ikenga Imo), the Committee Chairman on Downstream Petroleum in The House of Representatives has said that his committee will propose legislation that will give powers to the NEITI to prosecute infractions in the extractives sector in Nigeria.
The Nigerian Extractives Industries Transparency Initiative (NEITI) has said that the country earned $741.48 billion from the oil and gas sector between 1999 and 2020.
Officers of the Nigerian Military have destroyed several materials belonging to an illegal oil refinery operating in Owahwa, Delta state.