By Lucy Ogalue The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Monday that the oil and gas industry generated over $23billion in 2021. The Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji said this while presenting highlights on the 2021 Oil and Gas report unveiled in Abuja. According toContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with Africa Indorama Energy Petrochemical Ltd. to supply 800 million scuff of gas to promote industrialisation in Nigeria. Malam Mele Kyari, Group Chief Executive Officer, NNPC Ltd., said this during the signingContinue Reading
By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) has renewed the call for economic, environmental and social justice for oil, gas and mining host communities in Nigeria. Dr Orji Ogbonnaya Orji, Executive Secretary, NEITI, made the call in Owerri, Imo State at the opening of the National ExtractivesContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced 42 successful bidders in the 2022 Nigerian Gas Flare Commercialisation Programme (NGFCP)’s auction process. Mr Gbenga Komolafe, the NUPRC Chief Executive disclosed the outcome of the bidding exercise in a statement made available to newsmen in Abuja onContinue Reading
By Olawale Akinremi Prof. Olatunji Akinade, an expert in solid minerals development, has urged government to strive harder to block the leakages hindering the country from getting the desired gains from the sector. Akinade told the News Agency of Nigeria (NAN) in Ibadan on Tuesday that it was important forContinue Reading
By Fatima Mohammed-Lawal The Non-Academic Staff Union of Educational and Associated Institutions (NASU) has urged the Federal Government to resuscitate its four oil refineries and make them operational. Mr Peters Adeyemi, the General Secretary of NASU, made the call on Monday during an interview with newsmen on the sidelines ofContinue Reading
By Emmanuella Anokam Sen. Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), says he will ensure the completion of ongoing construction of the N68.5 billion Nigerian Upstream Petroleum Regulatory Commission (NUPRC) `BARREL’ building without hitches. The Minister made this known on Thursday while meeting with the management andContinue Reading
By Emmanuella Anokam Dr Tajudeen Abbas, Speaker, House of Representatives says it will equip the Nigeria Extractive Industries Transparency Initiative (NEITI) with stronger statutory powers, through legislative amendments of its Act. The speaker said the Act was geared towards enabling NEITI to carry out its task of ensuring transparency andContinue Reading
By Emmanuella Anokam The Federal Government says it will support and deepen the implementation of the Extractive Industries Transparency Initiative (EITI) in the management of Nigeria’s oil, gas and solid mineral resources. Sen. George Akume, Secretary to the Government of the Federation, gave the assurance on Monday in Abuja whileContinue Reading
By Emmanuella Anokam The Federal Government generated N193.59 billion from the solid minerals sector in 2021. The sector also contributed N814.59 billion between 2007 and 2021, with the 2021 earnings, the highest. The Nigeria Extractive Industries Transparency Initiative (NEITI) made this known on Monday in Abuja while unveiling its 2021Continue Reading
