NEITI

Out of over 300 companies that applied for the rehabilitation of oil pipelines and deport infrastructure across the country, Nigerian National Petroleum Corporation, NNPC said that only 78 made the list to proceed to the bidding phase. …

The Nigerian National Petroleum Corporation, NNPC has dismissed the allegation that the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project was inflated to the tune of $1.527 billion. The Group General Manager, Group Public Affairs of the…

…Urges him to steer NNPC to greater transparency Chibisi Ohakah, Abuja The global transparency organisation, Extractive Industries Transparency Initiative (EITI), has congratulated the newly appointed Group Managing Director of the…

Chibisi Ohakah, Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for an urgent review of the Production Sharing Contracts, PSCs to stem the huge revenue losses to Nigeria, revealing that the country lost…

The Nigerian National Petroleum Corporation (NNPC) and its subsidiary, Nigerian Petroleum Development Company (NPDC) and other companies in the oil and gas sector have yet to remit revenue amounting to $22.06bn and N481.75bn to the…

Oge Obi December 31, 2019 has been set by Extractive Industries Transparency Initiative (NEITI) and Corporate Affairs (CAC) to release a comprehensive register of beneficial owners of oil wells, gas and mining companies in Nigeria.…

Waziri Adio, the Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed that Nigeria has lost over USD5.9billion in 2013 to oil theft. According to him, USD4.7billion was lost to oil theft and…

Nigeria now earns maximum value from the petroleum products it put through a new framework – the Direct Sales-Direct Purchase (DSDP) used by it to ensure steady flow of refined products into the country, the Nigerian National Petroleum…

The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio, said Nigeria lost billions of dollars in 2013 to sharp financial practices in the oil and gas sector. Adio stated this while briefing the…

The Nigerian National Petroleum Corporation {NNPC} says it is committed to boosting the nation’s refining capacity which in turn would put an end to perennial fuel scarcity in the country. NNPC Chief Operating Officer {COO} Refineries Mr.…

The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has said that the crude-for-products exchange arrangement popularly referred to as crude swap will…