New Dawn as Sarki Auwalu Stirs Transparency at DPR
Jackson Onyukwu The Department of Petroleum Resources, DPR, is the statutory regulatory agency for petroleum in Nigeria. Oil is the main foreign exchange earner for the nation. Therefore oil is…
Buhari appoints Orji Executive Secretary of NEITI as Adio bows out
President Muhammadu Buhari has approved the appointment of Dr Ogbonnaya Orji as the Executive Secretary, Nigerian Extractive Industries Transparency Initiative (NEITI). Mr Willie Bassey, the Director Information, Office of the…
Abule Ado Explosion: NNPC says fire triggered by gas explosion, halts ongoing pumping operations on the Atlas Cove, top management head to Lagos
GMD NNPC, Mallam Mele Kyari  The Nigerian National Petroleum Corporation (NNPC) Sunday said that the reported explosion which rocked Abule Ado Area of Lagos State in the early hours…
We’ll use ICT to ensure fiscal transparency – Buhari
The President has given an assurance that all government financial transactions will be done in the open. President Muhammadu Buhari, who spoke at the Passing Out Parade of Detective Inspector…
Gradual reduction in pipelines vandalism would be sustained through improved collaboration, appropriate technologies- NNPC
GMD NNPC, Malam Mele Kyari The Nigerian National Petroleum Corporation (NNPC), says it is taking measures to address the menace of pipeline vandalism and crude oil theft in the nation’s…
Nigeria loses $4.2 bn annually to crude, product stealing, pipeline vandalism, others-NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that the country lost 41.9 billion dollars to stolen and refined crude oil products in ten years. NEITI disclosed this in…
We’ll publish details of our supply contracts for accountability – NNPC GMD
The Nigerian National Petroleum Corporation (NNPC) has urged the public to be wary of attempts to drag the corporation into politics in the guise of requests for information under the…
Nigeria, First Anglophone African Country to Receive EITI Highest Status
The Nigerian National Petroleum Corporation (NNPC) has been honoured with the highest discloser status by the global extractive industries watchdog, Extractive Industries Transparency Initiative (EITI). This was disclosed…
Nigeria Reaches Satisfactory Progress in Extractive Industry Implementation Standard
The International Board of Extractive Industry Transparency Initiative (EITI) says Nigeria has attained the highest rating in implementation of its standards by member countries. Mr Waziri Adio,…
PSC Non- Review: Nigeria loses $16bn in Ten Years – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil…