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extractive industries

NEITI sets up committee on contract transparency

NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has set up a Joint Inter-Agency Committee on the public disclosure of the contents of oil, gas and mining contracts. The contracts to be disclosed include terms and conditions set out in contracts for exploration and exploitation of Nigeria’s oil and gas assets under the Joint Operating Agreements, […]

FAAC: FG, others shared N1.95tn in Q1 – NEITI report

NEITI

…Says Q1 2020 FAAC disbursements highest first quarter disbursements since 2014 The federal, state, local governments and other statutory agencies have shared the total sum of N1.95 trillion in the first quarter of 2020, the Nigerian Extractive Industries Transparency Initiative (NEITI) report has revealed. NEITI in its quarterly report, which was released on Monday stated […]

Agriculture, Manufacturing, others to take centre stage at Nigeria economic summit

Philip Clement – Abuja The Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed on Monday said the agricultural, manufacturing, Informational and Communication Technology (ICT) sectors will be the key focus of the forthcoming Nigeria Economic Summit (NES). Ahmed made the disclosure at a press briefing ahead of the 25th Nigeria Economic Summit which […]