Tag
NEITI
The indebtedness of 77 oil and gas companies across the nation to the Federal Government hit N2.66trillion. This...
The Federal Executive Council (FEC) has approved the sum of N1.7 billion for the acquisition of a permanent...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that signing of the Petroleum Industry Bill shows the...
NEITI has disclosed that the sum of N79.9 billion was earned by Nigeria from the solid minerals sector in 2019.
NEITI has revealed that Nigeria lost 42.25 million barrels of crude oil valued at $2.77 billion to oil theft in 2019.
This disclosure is contained in an audit report on the solid mineral, which was released on Sunday by NEITI in Abuja.
There was a significant reduction of 21% from the previous year, where 53.28 million barrels were lost.
Head, Public Affairs of DPR, Mr Paul Osu, said every litre of crude produced in the country was adequately captured during the process of extraction.
President Buhari has approved the appointment of Dr Ogbonnaya Orji as the Executive Secretary of NEITI.
NNPC to go further by publishing its previous audited accounts and in open data formats.
The NNPC also published the audited accounts of its 20 subsidiaries and business divisions.
The sum of N8.15 trillion of the Federation Account distributions was reportedly shared among the Federal, States and Local Governments in 2019.