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
7 mins ago
Nigerian Education Loan Fund (NELFUND) says it will close the 2023/2024 student loan application cycle on Feb. 21. Managing Director of NELFUND, Akintunde Sawyerr, who disclosed this at a news conference in Abuja on Monday, said the 2024/2025 application cycle would commence on Feb. 22. Sawyerr said that the transition to the 2024/2025 cycle was…
15 mins ago
A 32-year-old staff member of Micronova Pharmaceutical industries , Yusuf Abdulazeez, was arraigned on Monday for allegedly defrauding his employer of N13.5 million. Abdulazeez is standing trial before an Ikeja Magistrates’ Court in Lagos on a two-count charge of stealing and obtaining under false pretense to which he pleaded not guilty. The prosecutor, SP Josephine…
37 mins ago
The Air Component of Operation FASAN YANMA, has eliminated several bandits in a successful airstrike at Yauni Hill, Zakka Ward of Safana Local Government Area, Katsina State. This is contained in a statement by the Director, Public Relations and Information, Nigerian Air Force (NAF), AVM Olusola Akinboyewa, on Monday in Abuja. Akinboyewa said the Saturday…
47 mins ago
The Abuja Electricity Distribution Company says electricity consumers in the Federal Capital Territory (FCT ) will begin to enjoy full power supply from Feb 23. The company said this in a statement on its X handle in Abuja on Monday. It said the ongoing restoration efforts by the Transmission Company of Nigeria (TCN) on the…
1 hour ago
An elder statesman and a retired university lecturer who majored in Mathematics, Professor Peter Lassa, has stressed the need for a new constitution in the country, as all Nigerian Constitutions, including the present one, are ambiguous. Lassa added that these ambiguities pose problems for the average educated person, who may not be learned in law,…
1 hour ago
Osun State governor, Ademola Adeleke, has directed all residents, including politicians across party lines, to stay away from local government secretariats to prevent further violence and safeguard public property. Adeleke disclosed that he has directed security agencies to take charge of all local government secretariats. Adeleke's directive comes in response to an alleged illegal attempt…
1 hour ago
The European Union (EU) is exploring the potential for establishing a hydropower generation site at Asso Falls in Plateau State. According to the Head of Green and Digital Economy at the EU Delegation in Nigeria and ECOWAS, Inga Stefanowicz, the hydropower project, which is expected to generate 2MW of electricity, is part of the EU’s…
1 hour ago
Relatives of Israelis abducted by the Palestinian extremist militia Hamas in 2023 staged protests on Monday to mark 500 days of their captivity.The day’s events included blocking central streets in several towns and cities, including Tel Aviv, and a march to the Knesset in Jerusalem. A total of 73 hostages remain in Gaza, with 36…
1 hour ago
European leaders gathered on Monday for an emergency summit to discuss plans by U.S. President Donald Trump to end the war in Ukraine. There are fears that they might be frozen out of the negotiations. The goal is to agree on a common strategy for dealing with Trump, including what offers can be made to…
1 hour ago
The National Council of Women Societies (NCWS) has thrown its weight behind moves to grant both men and women five months of widowhood leave to mourn deceased spouses. The Nigeria Association of Women Journalists (NAWOJ), the Women's Rights Advancement and Protection Alternative (WRAPA), and several other stakeholders also endorsed the move on Monday during a…