The current resolve and push by the group of extractive companies spearheaded by Shell, Eni, BHP and Rio Tinto for country by country tax reporting may be the needed impetus to scale up tax transparency and the eventual improvement in tax payments from the extractive sector to producing EITI member nations.
In recognition of the importance and critical role of human resources in the achievement of overall goals of any organisation, the Nigeria Extractive Industries Transparency Initiative (NEITI) organized a 2-day virtual training for its staff on performance management.
The Nigeria Extractive Industries Transparency Initiative (NEITI) is set to launch two publications that have direct impact on revenue management and governance of the extractive sector in Nigeria. The launch is scheduled to hold on the 6th October, 2020.
OSLO, 18 August 2020. Nigeria’s national oil company, the Nigerian National Petroleum Corporation (NNPC), has become an EITI supporting company, joining a group of over 65 extractives companies, state-owned enterprises (SOEs), commodity traders, financial institutions and industry partners who commit to observing the EITI’s supporting company expectations. .
Nigeria’s beneficial ownership register, launched in December 2019 has been adjudged first globally to focus on the oil, gas and mining sectors with good functionality and innovations such as licensing data.
…releases Policy Brief on oil price volatility
The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended federal governments’ Economic Sustainability Plan (ESP) for the country geared towards mitigating the negative impact of the CIVD 19 pandemic.
…set up accredited gold buying centres across key mining areas, CBN serves as off-takers of the refined gold bars
Nigeria, in June 2020 produced, for the first time, artisanally-mined gold that has been processed and refined for use as a reserve instrument by the Central Bank of Nigeria.
