NEITI Archives - Vanguard News

NEITI clears NNPC, says 11 audit issues resolved

On December 22, 20204:48 pmIn Newsby Lawal Sherifat

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
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FAAC: FG, states, others received N2.05trn in third quarter – NEITI

On November 17, 20206:44 pmIn Businessby Nwafor

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
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South-south states received N9.3trn in 19 years — NEITI

On October 6, 20206:57 pmIn Newsby Nwafor

…Says poverty, underdevelopment, indebtedness still rife in region By Michael Eboh The Nigeria Extractive Industries Transparency Initiative, NEITI, Tuesday, disclosed that the six states of the south-south geopolitical region received N9.53 trillion from the Federation Account between 2000 and 2018. NEITI, in a book, titled, ‘Perception of the Impact of 13% Oil Derivation Allocation,’ launched
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FG, states, LG, others received N3.9trn from FAAC in six months — NEITI

On September 8, 20206:44 pmIn Businessby Nwafor

By Alice Ekpang The Nigeria Extractive Industries Transparency Initiative, NEITI, Tuesday, stated that the Federal Government, states, local government areas and other statutory recipients received N3.879 trillion from the Federation Accounts Allocation Committee, FAAC, in the first half of 2020. NEITI, in a statement on its Quarterly Review reports, signed by its Director, Communications and
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NEITI indicts FG, says gas sector lacks clear policies

On July 7, 20207:38 pmIn Businessby Nwafor

The Nigeria Extractive Industries Transparency Initiative (NEITI), Tuesday, indicted the Federal Government for failure of the gas sector to make meaningful contributions to the development of the Nigerian economy, stating that over the years, the sector had suffered from lack of clear policies.

Oil-producing states get N31.9bn in Oct, as FAAC distributes N604.004bn

FG, states, LGs received N1.95trn from FAAC in first quarter

On May 12, 202012:25 pmIn Businessby Nwafor

Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, stated that the Federal, states and local governments received N1.95 trillion from the Federation Account Allocation Committee (FAAC) in the first quarter of 2020.

FG, states, LGs received N1.86trn FAAC in Q1’20 — NEITI

On May 12, 202012:59 amIn Businessby Urowayino Jeremiah

Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, said that the Federal, States and local governments received N1.86 trillion out of about N1.95 trillion distributed from the Federation Account Allocation Committee (FAAC) in the first quarter of 2020.

Nigeria earned $32.6bn from oil, gas in 2018 – NEITI

On March 30, 202010:15 pmIn Newsby Nwafor

Nigeria Extractive Industries Transparency Initiative (NEITI), Monday, disclosed that Nigeria earned a total of $32.63 billion from the oil and gas sector in 2018, a 55 per cent increase on the $20.99 billion recorded from the sector in 2017.

Nigeria’s earnings from solid minerals rose 32% to N69.5bn in 2018 – NEITI

On March 15, 20205:29 pmIn Businessby Nwafor

The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that Nigeria earned N69.47 billion from the solid minerals sector in 2018, rising by 31.67 per cent compared to N52.76 billion recorded in 2017.

NEITI unveils real owners of 61 oil assets, 56 companies, others

On December 12, 20196:09 pmIn Newsby Nwafor

The Nigeria Extractive Industries Transparency Initiative, NEITI, Wednesday, began the unveiling of the real owners of mining, oil and gas companies in Nigeria, starting with the revelation of the actual owners of 270 licences in the mining sector, and the owners of 61 assets and 56 companies in the oil and gas sector.