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The Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday disclosed that the Federation Account Allocation Committee (FAAC) disbursed N1.938 trillion in the first quarter of 2018 to the Federal, States, Local Government Areas and other beneficiaries. The amount shared...

A report by Premium Times has it that Nigeria lost over $723 million (about N221.5 billion, at N306.3 to $1) through the Offshore Processing Arrangement, OPA adopted by the Federal Government in 2015 to supply refined petroleum products in the country, the latest Nigeria Extractive Industries...

The Nigeria Extractive Industries Transparency Initiative (NEITI) have said that the Nigerian National Petroleum Corporation (NNPC) failed to remit about N1.804.6 trillion to the federation account in 2014. The NEITI 2014 oil and gas industry audit released over the weekend showed gave that...

Nigeria's anti graft agency, the EFCC and NEITI have set up a 12 man board to investigate how some $12bn paid to NNPC by NLNG got missing. The panel's goal is to trace the cash, The Nation says. As a result, ex Ministers and government officials will be invited by the agencies soon, someone...

President Muhammadu Buhari is currently in a dilemma over what to do about the perennial energy crisis manifesting in long fuel queues across the country. The confusion is coming just as the petroleum marketers are expecting the federal government to pay them their outstanding claims in respect...