Nigeria urged to take caution on oil revenue spending

The Nigeria Extractive Industries Transparency Initiative, NEITI has advised Nigeria to apply restraint in spending oil revenues, in view of the experience from economic recession and instability in the oil market. The agency said the time had come for the country to embrace a robust saving culture, irrespective of whether oil prices are low or […]

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Chevron, Eroton others make NEITI’s 100 pct compliance list

The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed satisfaction as 14 companies and agencies have met a compliance level of 100 per cent in its ongoing independent audit of the oil and gas industry covering 2015. According to NEITI’s spokesman, Dr. Orji Ogbonnaya Orji, the 14 companies are Chevron Nigeria Ltd, Consolidated, Continental, Eroton, […]

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