26 C
Lagos
Saturday, December 7, 2019
Home Tags NEITI

Tag: NEITI

NEITI: FAAC Disbursement Hits N2.273tn in Q3 2019

•VAT revenue drops by N36.82bn in third quarter James Emejo and Chineme Okafor in Abuja The Federation Account Allocation Committee (FAAC) disbursed N2.273 trillion to the...

CSOs to Track Missing Oil Monies Using App

Chineme Okafor in Abuja A group of civil society organisations (CSOs) in Nigeria’s extractive sectors have developed a mobile application – RemTrack. The app can be...

NEITI, EFFC Move against Criminality in Extractive Sector

The Nigeria Extractive Industries Transparency Initiative (NEITI) has agreed to work with the Economic and Financial Crimes Commission (EFCC) to curb instances of criminality...

NEITI: Why Oil Theft in Nigeria May Not End Soon

Stories by Chineme Okafor in Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) has given possible reasons why widespread theft of Nigeria’s crude oil and...

NEITI: Metering Can Reduce Volume of Nigeria’s Stolen Oil

Chineme Okafor in Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that Nigeria could reduce the volume of oil stolen from her shores...

NEITI: FG Shared N3.95tn Revenue with States, LGs in 1Q 2018

Chineme Okafor in Abuja Within the first half of this year, the federal, states and local governments in Nigeria shared a total of N3.95 trillion...

TCN Recovers 693 Abandoned Power Equipment Containers at Ports

The Transition Company of Nigeria (TCN), on Friday said that it had recovered more than 693 containers of power equipment abandoned at the ports...

Nigeria Lost 54.6% of Potential Oil Revenue in 2015, Says NEITI

By Chineme Okafor in  Abuja   Nigeria lost 54.6 per cent of oil revenue, amounting to $29.7 billion that it may have earn from its sales of...

NEITI: FG, States, LGs Shared N2.8tn in First Half of 2017

38% increase over 2016 figure By Bennett Oghifo The three tiers of government (federal, states and local governments) shared N2.788 trillion between January and June...

NEITI Cautions Nigeria against Poor Savings Culture

By Chineme Okafor in Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday warned that Nigeria may continue to experience deep economic challenges unless urgent steps are...