NEITI
30 Jan
After a decade-long closure, the Warri Refining & Petrochemicals Company in Delta State resumed operations on December 30, 2024, to the astonishment of everyone present at the vast refinery complex in Ekpan, Warri. The event was marked by the presence of key figures, including the Board Chairman of NNPC Limited, Chief Pius Akinyelure; Group Chief…
27 Jan
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reiterated its resolve to recover about $6 billion and another N66 billion owed the Federal Government by stakeholders in the oil sector. Executive Secretary of the agency, Orji Ogbonnaya Orji, made this known on Monday while defending the 2025 budget before the House Committee on Petroleum Resources,…
14 Nov
Traditional rulers in Nasarawa have raised concerns over the influx of Chinese in the state, as well as the allocation of mining licences to foreigners at the disadvantage of indigenes.
31 Oct
The Nigerian Extractive Industries Transparency Initiative (NEITI) said the solid minerals sector contributed ₦1.137 trillion in direct payments to various government levels from 2007 to 2023. NEITI disclosed this on Wednesday in Abuja while presenting the 2023 Solid Minerals Audit Report, the 16th audit cycle, which provided a comprehensive overview of the sector’s contributions from…
31 Oct
Nigeria's solid minerals sector, projected to stand at $750 billion by the Federal Government and presently being positioned as the new oil, generated a meagre $210 million (N345.41 billion) between 2022 and 2023.
6 Oct
The Economic and Financial Crimes Commission (EFCC) has said it will probe oil and gas firms over their failure to comply with the Nigeria Extractive Industries Transparency Initiative (NEITI) audit. EFCC Chairman Ola Olukoyede issued this warning to oil and gas firms during his address as a special guest while presenting the NEITI Report on…
5 Oct
For Nigeria to attract and retain the kind of long-term investment required to unlock its vast energy resources, transparency and accountability must be prioritized.
4 Oct
Nigeria is poised to witness a surge in gas demand, with an estimated yearly growth rate of 16.6 per cent.
27 Sep
Despite significant reduction, the amount of crude oil stolen from Nigeria and unpaid taxes/royalties by International Oil Companies (IOCs), stand at about $7 billion.
26 Sep
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday said oil and gas companies operating in Nigeria owed the Federal Government over $6.071 billion and N66.4 billion in taxes and royalties. These figures were disclosed in the 2022-2023 NEITI Independent Oil and Gas Industry Report, released today in Abuja. According to the report, the majority…
17 Sep
The Federation Accounts Allocation Committee (FAAC) disbursed N3.473 trillion to the three tiers of government in the second quarter of 2024, marking an additional N46.7 billion against what was shared in the first quarter of this year.
28 Aug
The Nigerian Extractive Industries Transparency Initiative (NEITI) has said there is an ongoing collaboration with Dangote Refinery for compliance with Extractive Industry Transparency Initiatives (EITI) standards.
Latest
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The Nigerian Legion, Kaduna State chapter, has donated N10 million to 160 widows in the state. The money was a pledge redeemed by Gov. Uba Sani to the Nigerian Legion on the 2025 emblem launching day. The acting Chairman of the state’s chapter of the legion, retired Maj. Baren Danjuma, disclosed this while briefing the…
11 mins ago
Hundreds of demonstrators on Saturday protested at a site earmarked for Beijing's controversial new embassy in London over human rights and security concerns. The new embassy -- if approved by the UK government -- would be the "biggest Chinese embassy in Europe", one lawmaker said earlier. Protester Iona Boswell, a 40-year-old social worker, told AFP…
11 mins ago
Gov. Alex Otti of Abia has urged members of the State Executive Council to evolve robust and sustainable work plans to facilitate the achievement of government’s strategic goals for the 2025 fiscal year. Otti said this on Saturday during the opening of the two-day First Quarter Executive Council Retreat for 2025, for the enlarged Abia…
11 mins ago
Nigerian music star B-Red has signed a ₦200 million endorsement deal with Armstrong Paint, marking a significant step in his career. The six-month partnership, signed in Lagos, further cements his reputation as both an entertainer and a brand influencer. Announcing the deal, B-Red’s manager, Joseph Ikyobo, expressed enthusiasm about the collaboration. “This is a proud…
15 mins ago
Obafemi Awolowo University (OAU) Ile-Ife, Osun State and the Penn State University, Pennsylvania, United States have explored areas of collaboration between the two ivory towers. The Pennsylvania State University three-man team was at the OAU campus on Saturday to meet with management of the school, as well as inspect available facilities. The team led, a…
17 mins ago
A summit of African leaders meeting to address the crisis in Democratic Republic of Congo on Saturday called for an "immediate and unconditional ceasefire" within five days. The Rwanda-backed M23 armed group has rapidly seized swathes of territory in the mineral-rich eastern DRC in an offensive that has left thousands dead and displaced vast numbers.…
21 mins ago
Fakhri Barghouti grimaced in pain as an exultant crowd lifted him onto their shoulders next to his son Shadi, released from an Israeli jail on Saturday under a Gaza ceasefire deal. Though Barghouti, 71, shed tears of joy at seeing his son, he was also in physical pain. The night before, Israeli forces stormed his…
36 mins ago
Love is in the air! This Valentine’s season, experiment with makeup looks that capture the spirit of romance and self-expression. From classic red lips to natural glows, these inspirational looks offer a perfect blend of timeless elegance and modern flair to boost your confidence and style. Valentine’s Day is the perfect occasion to experiment with…
41 mins ago
The Federal Government has appealed to drivers, particularly those of articulated trucks, using the Iddo Bridge, to watch for diversion signs as height restriction barriers will soon be installed. The Federal Controller of Works in Lagos, Mrs Olukorede Kesha, told the News Agency of Nigeria (NAN) on Saturday that these restrictions were necessary to facilitate…
46 mins ago
Sudan's army chief said Saturday that a transitional government would be formed soon, as the military makes major gains against rival paramilitaries in the capital and central parts of the war-torn country. Speaking in Port Sudan, the country's de facto capital, Abdel Fattah al-Burhan said the new administration -- described as either a "caretaker government"…