NEITI boss says RemTrack mobile app advances Nigeria’s quest for transparent extractive industry

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NEITI boss says RemTrack mobile app advances Nigeria’s quest for transparent extractive industry
The NEITI boss noted that the app is a major milestone in attempts to fix remediation issues arising from his agency’s reports. The post NEITI boss says RemTrack mobile app advances Nigeria’s quest for transparent extractive industry appeared first on Premium Times Nigeria.
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FAAC: Nigerian govt, states, LGs, others share N2.3 trillion – NEITI

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FAAC: Nigerian govt, states, LGs, others share N2.3 trillion – NEITI
The review said that most states’ budgets will be ‘underfunded’ this year. The post FAAC: Nigerian govt, states, LGs, others share N2.3 trillion – NEITI appeared first on Premium Times Nigeria.
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Dangote Cement dominated activities in minerals production in 2017- NEITI

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Dangote Cement dominated activities in minerals production in 2017- NEITI
The NEITI report shows that mining activities in the country were dominated by almost half by Dangote Cement The post Dangote Cement dominated activities in minerals production in 2017- NEITI appeared first on Premium Times Nigeria.
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$22.06bn, N481.75bn not remitted to Federation Account between 1999-2015 – NEITI

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$22.06bn, N481.75bn not remitted to Federation Account between 1999-2015 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that the 22.06 billion dollars and N481.75 billion yet to be remitted by NNPC and others to the Federation Account are legacy issues from its audit reports for 1999 to 2015.
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FAAC disburses N3.946trn in 6 months – NEITI

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FAAC disburses N3.946trn in 6 months – NEITI
Delta State received the highest allocation of N101.19 billion in the six-month followed by Akwa Ibom with N100.2 billion. The post FAAC disburses N3.946trn in 6 months – NEITI appeared first on Premium Times Nigeria.
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NEITI assists FG to recover $3bn from oil firms

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NEITI assists FG to recover $3bn from oil firms
Okechukwu Nnodim, Abuja The Nigeria Extractive Industries Transparency Initiative says it has assisted the Federal Government to recover over $3bn from oil and gas companies operating in the country. The Executive Secretary, NEITI, Waziri Adio, stated that the agency’s operations in the country’s oil and gas sector had so far led to the recovery of […]
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NEITI unveils portal to simplify audit reports in extractive industries

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NEITI unveils portal to simplify audit reports in extractive industries
The dashboard is designed to give Nigerians simplified information on the workings of the sector. The post NEITI unveils portal to simplify audit reports in extractive industries appeared first on Premium Times Nigeria.
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PIB: Delay in passage accounts for over $200bn –NEITI

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PIB: Delay in passage accounts for over $200bn –NEITI
Uche Usim; Adewale Sanyaolu (Abuja) The delay in passing the Petroleum Industry Bill (PIB) is said to have cost the country over $200 billion, the Executive Secretary of Nigerian Extractive Industry Transparency Initiative (NEITI), Mr. Waziri Adio, has disclosed. Adio stated this at a symposium on the Next Steps for PIB convened by NEITI in Abuja […]
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Nigeria’s gas production rose by 20.23% in 2015 – NEITI

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Nigeria’s gas production rose by 20.23% in 2015 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Friday said Nigeria’s gas production rose by 20.23 per cent in 2015. NEITI said this in Abuja in its audit-covered operations in the country’s oil and gas industry for the period of 2015. According to the report, the country’s gas production rose by 20.23 per cent from […]
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NNPC, NPDC, oil firms yet to remit $3.8bn, N81bn since 2015 – NEITI

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NNPC, NPDC, oil firms yet to remit $3.8bn, N81bn since 2015 – NEITI
…Oil, gas revenues drop to $24.8bn By Michael Eboh The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday accused ‎the Nigerian National Petroleum, its downstream subsidiary, the Nigerian Petroleum Development Company, NPDC and other oil companies of failing to remit $3.78 billion and N80.64 billion to the Federation Account. Executive Secretary of NEITI, Mr. Waziri Adio, […]
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Nigeria loses 54.6% of its potential oil revenue in 2015 – NEITI

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Nigeria loses 54.6% of its potential oil revenue in 2015 – NEITI
The Nigeria Extractive Industries Transparency Initiative on Friday said Nigeria lost 54.6 per cent of oil revenue, amounting to 29.7 billion dollars in 2015. NEITI said this in Abuja in its audit-covered operations in the country’s oil and gas industry for 2015. According to the report, the drop in prices of oil in the international […]
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NNPC should be made to account for N5.15 trillion – NEITI

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NNPC should be made to account for N5.15 trillion – NEITI
The report revealed that Nigeria’s oil and gas revenues dropped from $54.5 billion in 2014 to $24.8 billion in 2015. The post NNPC should be made to account for N5.15 trillion – NEITI appeared first on Premium Times Nigeria.
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