Nigeria spent $74.39 billion on fuel subsidies between 2005 to 2021- NEITI
The amount expended on subsidies from 2005 to 2021 was equivalent to the entire budget for health, education, agriculture and ...
Tag: Nigeria Extractive Industries Transparency Initiative (NEITI)
NEITI says it has recovered $3 billion underpayments from companies since 2004
Nigeria Extractive Industries Transparency Initiative (NEITI), revealed that since 2004, it has recovered $3 billion from underpayments by companies as ...
NEITI partners EFCC, NFIU to recover N2.66 trillion owed by oil firms
The Nigeria Extractive Industries Transparency Initiative (NEITI) has signed a Memorandum of Understanding (MoU) with the Economic and Financial Crimes ...
SPDC’S exit from Nigeria: Should we be glad?
Last week, Royal Dutch Shell announced the divestment of its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC). ...
FG inaugurates 15-member NEITI governing board
The Federal Government has inaugurated a 15-member governing board of the Nigeria Extractive Industries Transparency Initiative (NEITI) to enhance the smooth ...
Nigeria lost $2.78 billion to oil theft, pipeline sabotage, a drop by 21%
There was a significant reduction of 21% from the previous year, where 53.28 million barrels were lost.
FG, States, LGAs share N3.879 trillion in H1 2020 – NEITI
According to NEITI, the 3-tiers of government shared N3.879 trillion in the first half of 2020.
Nigeria achieves 55% increase in oil earnings for 2018 – NEITI
NEITI has announced that Nigeria earned a total of $32.63 billion from the oil and gas sector in 2018.
FG earned N52 billion from solid minerals in one year – NEITI
The solid minerals sector contributed N52.75 billion to federation revenue in 2017, a 21% increase on the N43.22 billion contributed ...
