Oil & Gas: NEITI, stakeholders back FG’s tax reform bills
The Nigeria Extractive Industries Transparency Initiative (NEITI) and other key stakeholders in the extractive industry have expressed strong support for the Tax Reform Bills currently before the National Assembly.
Developing countries losing $1trn annually to illicit financial flow – NEITI
…CAC opens register for company’s real owners By Obas Esiedesa THE Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Dr. Orji Ogbonnaya Orji has disclosed that developing countries lose about $1 trillion annually to illicit financial flows due to secret ownership of companies. Dr. Orji who spoke on Thursday at a stakeholders’ forum […]
N69.51bn, $5.31bn still unrecovered from oil industry operators — NEITI
By Obas Esiedesa The new Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji, has revealed that statutory recoverable revenues amounting to N69.51 billion and $5.31 billion were still outstanding from oil and gas companies. Dr Orji, who disclosed this during his maiden session with journalists on Tuesday in Abuja said the […]
NEITI seeks new approach to attract investments to petroleum industry
By Obas Esiedesa THE new Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Orji Ogbonnaya Orji has said that the agency is offering a new approach to ensure that fresh investments are attracted to Nigeria’s oil and gas industry. NEITI in a statement by its Head, Communications and Advocacy, Mrs. Obiageli Onuorah […]
NEITI clears NNPC, says 11 audit issues resolved
8 others ongoing; NLNG’s payment issue to be resolved soon By Michael Eboh The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved. In a statement in Abuja, NEITI, also noted that […]
FAAC: FG, states, others received N2.05trn in third quarter – NEITI
By Michael Eboh The Nigeria Extractive Industries Transparency Initiative, NEITI, Tuesday, disclosed that the Federation Account Allocation Committee, FAAC, disbursed a total of N2.054 trillion to the three tiers of government and other statutory recipients in the third quarter of 2020. In a statement in Abuja, NEITI noted that despite COVID-19 pandemic and its attendant […]
