Researchers at Bancorp Securities Limited, one of Nigeria’s leading investment consulting advisory services providers, have forecasted a slowdown in the growth stocks’ activity in the nation’s equities market this week as risk-averse investors would consolidate their capital gain drives during the trading sessions. The analysts, in the research firm’s ‘Weekly Stock Recommendation: Nov 13- Nov […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that some oil companies and ministries, departments and agencies (MDAs) failed to remit over $8.3 billion into the Federation Account as required by extant financial regulations. The Executive Secretary of organization, Dr. Ogbonnaya Orji, made this disclosure in a detailed report on Nigeria’s extractive industry operations […]
….says sector contributes 0.63% to nation’s GDP in 2021 The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that the Federal Government generated about N814.59 billion from the solid minerals sector in the past 15 years. The Executive Secretary of the organization, Dr. Ogbonnaya Orji, made this disclosure during the unveiling of its 2021 Solid […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday reported that four revenue agencies, namely the Nigeria National Petroleum Company Limited, Federal Inland Revenue Service, Department of Petroleum Resources and Ministry of Mines and Steel Development, generated N28.02 trillion into the Federation Account from 2017 and 2019. The agency made this disclosure in its just […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has hinted of its moves to report oil and gas companies that have defaulted in remittance of their profit taxes to the federation account to anti-graft agencies. The organisation’s Executive Secretary, Dr .Orji Ogbonnaya Orji , reported that based on the 2019 Oil and Gas Industry and Solid […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has described President Muhammadu Buhari’s assent to the Petroleum Industry Bill (PIB) on Monday as a historic development with great potential for sustainable growth of the nation’s hydrocarbon resources industry. The organisation’s Executive Secretary, Dr. Orji Ogbonnaya Orji, in a statement signed on his behalf by NEITI’s Head […]
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa, on Wednesday reiterated the Commission’s full commitment to frontally deal with perpetrators of all forms of corruption or fraudulent/illegal activities in the nation’s extractive industries. The EFCC boss, was quoted by the News Agency of Nigeria (NAN) as giving the assurance […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that Nigeria’s earnings from oil and gas sector rose to $34.22 billion in 2019, representing 4.88 per cent higher than the $32.63 billion earned in the preceding year. The industry monitoring agency gave this hint in its 2019 report indicated that the report covered 98 entities, […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have agreed to cooperate on anti-corruption crusade in the nation’s extractive industries. A statement issued on the partnership of the two agencies by NEITI’s Head, Communications and Advocacy, Mrs. Obiageli Onuorah, on Wednesday indicated that under the […]
The Office of the Accountant General of the Federation (OAGF) has indicated its readiness to support the Nigeria Extractive Industries Transparency Initiative (NEITI) in tracking oil and gas revenue accruable to the Federal Government to ensure appropriate remittances. The Accountant General of the Federation (AGF), Mr. Ahmed Idris, gave the pledge on Tuesday when he […]