Confusion as NLNG refute NEITI report, says no outstanding dividend to FG
Contrary to the earlier intelligence of the Nigerian Extractive Industries Transparency Initiative (NEITI) to the House of Representatives to probe the alleged loss of 15.9 billion dollars dividend accruing to the Federal Government from the Nigeria LNG Limited (NLNG), the…
How IOCs failed to pay $14.3b penalty for gas-flaring to FG in 8 years
Fresh figures from the Department of Petroleum Resources (DPR) and Nigerian National Petroleum Corporation (NNPC) have shown that International Oil Companies (IOCs) failed to pay about $14.298 billion between April 2008 and October 2016 as penalty for gas-flaring to the…
NEITI urges FG to revisit oil block allocations over non-remittances, under-valuation
The Nigeria Extractive Industries Transparency Initiative (NEITI) has observed serious infractions in the recent allocation of oil blocks stemming from the inefficiency of the Nigeria Petroleum Development Company (NPDC). In an statement, the executive secretary of NEITI, Waziri Adio said…
Why Lagos IGR’ll continue to soar, records N301.19bn between 2015, 2016
A new report by the Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed that apart from raking in close to N301.19 billion, a rise of N32.99 billion in one year from internally generated revenue (IGR), the state is still growing…
NEITI automates systems, establishes open contracting data standard platform
The ‘eagle eye’ of the nation’s oil and gas industry, Nigeria Extractive Industries Transparency Initiative (NEITI) has unveiled plans to establish an open contracting data standard platform for procurement of goods and services. The online platform (Open Contracting Data Standard)…
