NEWS

EITI: Eddie Rich Becomes Interim Head Of Secretariat As Moberg Resigns

The former Deputy Head of the Extractive Industries Transparency Initiative (EITI) International Secretariat, Eddie Rich is now the interim head of the...

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NNPC, JV Finalize $724m Schlumberger Oil Finance Deal For OML 83, 85

…Nigeria to earn $5.60bn in taxes, royalties One year after signing the tripartite term sheet for the financing and technical services arrangement...

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Focus More On Visible Impacts In Member Countries, Nigeria Tells EITI

Nigeria has called on the global Extractive Industries Transparency Initiative (EITI) to shift its current priorities to the pursuit of visible impacts...

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Oil Not Found In Commercial Quantity In Bida Basin, NNPC Chief Says

Nigeria’s national oil firm chief, Dr. Maikanti Baru, Saturday, said that crude oil has not been found in commercial quantity in Bida...

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Netherlands Becomes 51st EITI Implementing Country

The Netherlands, Wednesday, became the 51st Extractive Industries Transparency Initiative (EITI) implementing country. This followed the EITI’s Board approval of The Netherlands...

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Refineries Performed At 12.26% Average Capacity In 3yrs, Report Finds

A report reviewing the operations of the Nigeria National Petroleum Corporation (NNPC) between 2015 and 2017 has found that for the last...

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Nigeria Targets 10% Global LNG Market

The Federal Government says it is targeting 10 percent of the world’s market share in traded Liquefied Natural Gas (LNG), as part...

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NEITI Urges Review Of PSCs As Billions Lost To Obsolete Law

The Nigerian Extractive Industries Transparency Initiative (NEITI) has called for the urgent review of the country’s obsolete Deep Offshore and Inland Basin...