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Business NNPC claims Nigeria owes it N797bn — NEITI – Vanguard News
The Nigeria Extractive Industries Transparency Initiative, NEITI, today, stated that the Nigerian National Petroleum Corporation, NNPC, is claiming that it is owed N797 billion by Nigeria, comprising the Federal, State and Local Governments... Read more via Vanguard News –...- Nigeria Business News
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Politics Buhari: PDP should explain what happened to $592b oil wealth – P.M. News
The Peoples Democratic Party (PDP) still owes Nigerians explanation on how it expended the humongous resources that accrued to the country from oil sales between 1999 and 2014, President Muhammadu Buhari has said. An estimate by NEITI put the … Read more via P.M. News –...- Nigeria Political News
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Business Report: Oil Sector Contributes 92.9% of Illicit Financial Flows – Thisdaylive
A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) and Trust Africa has disclosed how companies and persons doing business in Nigeria’s oil and gas sector contribute 92.9 per cent of the total amount of illicit financial flows (IFFs) the country records … Read more...- Nigeria Business News
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Business NNPC should be made to account for N5.15 trillion – NEITI
The Nigerian Extractive Industries Transparency Initiative, NEITI, on Friday released its 2015 Oil and Gas Industry Audit Report. One of the key recommendations of the report is a demand for the.... Read more via Premium Times Nigeria – http://bit.ly/2EXBtIY Get more: Nigeria Business News- Nigeria Business News
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Business Vandalism, poor funding, cause of Nigeria’s worst crude oil loss in 18 yrs – NEITI – Vanguard News Nigeria
Nigeria recorded the highest crude oil loss in the last 18 years with an average of 245 million barrels of oil going down the drain in 2016. Oil pipeline Statistics from the latest audit report of the Nigeria Extractive Industries Transparency Initiative, NEITI, revealed that the huge …...- Nigeria Business News
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Business How FG loses crude earnings to IOCs metering – The Guardian Nigeria Newspaper
Oil prices move close to $80 bpd • Nigeria’s Bonny Light records higher value The Federal Government’s reliance on the International Oil Companies (IOCs) to determine the quantity of oil production is negatively affecting the country’s crude earnings. The Guardian … Read more via The Guardian...- curator
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Business NEITI laments revenue loss, seeks urgent review of production contracts – The Guardian Newspaper
The Nigeria Extractive Industries Transparency Initiative (NEITI) has declared that the old agreement used in computation of revenues to be shared between the.... Read more via The Guardian Newspaper – https://ift.tt/2yFSdBX Get more: Nigeria Business News- curator
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