Tag: NEITI
NNPC Shortlists 78 Companies for Pipelines Rehabilitation Bidding
Out of over 300 companies that applied for the rehabilitation of oil pipelines and deport infrastructure across the country, Nigerian National Petroleum Corporation, NNPC...
AKK Pipeline Project Cost not Inflated by $1.5bn – NNPC Insists
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...
Global Transparency Body, EITI, Congratulates NNPC New Boss
…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...
NEITI alert: FG loses $28bn due to non-review of 26yr-old PSCs
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...
NNPC, others yet to remit $22.06bn, N481.75bn to Federation Account
The Nigerian National Petroleum Corporation (NNPC) and its subsidiary, Nigerian Petroleum Development Company (NPDC) and other companies in the oil and gas sector have...
NEITI, CAC Set to Unveil Nigerian Oil Well, Mining Asset Owners...
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...
Nigeria Loses $5.9 billion to Oil Theft
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...
Direct sales now guarantees premium value on product transactions – NNPC
Nigeria now earns maximum value from the petroleum products it put through a new framework – the Direct Sales-Direct Purchase (DSDP) used by it...
Nigeria lost billions of dollars to sharp practices in oil, gas...
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio, said Nigeria lost billions of dollars in 2013 to sharp financial practices in...
‘NNPC Opens Bids For Co-Location Of Refineries’ – Garba Deen Muhammad
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...
Direct-sale, direct-purchase to replace crude swap arrangement – Kachikwu
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...
