The Central Bank of Nigeria (CBN) is the apex regulatory authority of the financial system in the country. It was established by the CBN Act of 1958 and commenced operations on July 1ST, 1959. The promulgation of the CBN decree 24 and Banks and other financial institutions (BOFI) Decree 25, both in 1991 gave the bank more flexibility in regulation and supervision of the banking sector and licensing finance companies which hitherto operated outside any regulatory frame work. - Read more

The Nigeria Extractive Industries Transparency Initiative (NEITI) is the Nigerian subset of a global initiative aimed at following due process and achieving transparency in payments by Extractive Industry (EI) companies to governments and government-linked entities. - Read more

NEITI: Towards better management of nation's oil and gas resources - Vanguard

NEITI: Towards better management of nation's oil and gas resources Vanguard The Extractive Industries Transparency Initiative (EITI) is a global effort aimed at improving the management of oil, gas and mining revenues in resource-rich countries. The initiative effectively took off in 2002 during the World ... Root for transparencyTimes of India all 2 news articles »

Bright Promise from the Mining Sector - Liberian Daily Observer

Bright Promise from the Mining Sector Liberian Daily Observer Additionally, Liberia is a member of the Extractive Industry Transparency Initiative (EITI), which requires the government to publish the sources of revenues and applications of funds received from companies in the extractive industry. ... and more »

Prosper or Plunder? Extractive Industries' Checkered Past With Development - Huffington Post (blog)

Prosper or Plunder? Extractive Industries' Checkered Past With Development Huffington Post (blog) On Tuesday, September 20th, President Obama delivered the welcome news that the US will now implement the Extractive Industries Transparency Initiative (EITI), the global transparency standard for oil, gas and mining. "Today, I can announce that the ...

Liberia Should Reform Oil Sector To Prevent Corruption, Report Says - Wall Street Journal (blog)

FuelFix

Liberia Should Reform Oil Sector To Prevent Corruption, Report Says Wall Street Journal (blog) The two organizations do credit Liberia with passing a law implementing the Extractive Industries Transparency Initiative and drafting an oil-sector reform policy, but found that the country is breaking that law. In a list of reforms proposed by Global ... Liberia: Immediate Reform Needed If Locals Are to Profit From Potential Oil ...AllAfrica.com Several Govt. Officials Linked to BriberyLiberian Daily Observer all 58 news articles »

U.K. Refuses Extractive Industries Transparency - Energy Digital

Upstream Online

U.K. Refuses Extractive Industries Transparency Energy Digital Yesterday, the United States signed onto the Extractive Industries Transparency Initiative (EITI), making it the second G8 country, alongside Norway, to join. US President Barack Obama says the initiative will ensure that "taxpayers receive every ... US Joins Extractive Industry Transparency Initiative Amid Open Government LaunchWall Street Journal (blog) Obama: US will implement oil transparency initiativeThe Hill (blog) US signs up for transparencyPetroleum Economist Upstream Online -Kuwait News Agency -www.JewelryNe.ws all 11 news articles »

Civil society challenges FG on oil transparency - NEXT

Civil society challenges FG on oil transparency NEXT "Nigeria's extractive industries transparency audit system is touted as one of the most robust in the world. If we as a country set those targets by ourselves, we should be seen to be meeting those targets. We should not go back to the experience prior ... NEITI urges partnership with CSOs to tackle bad governanceVanguard all 2 news articles »

Oil Revenue: Group Demands Release of NEITI Report - THISDAY Live

Oil Revenue: Group Demands Release of NEITI Report THISDAY Live The group said in a statement made available to THISDAY that the release of this report was one of the six requirements by the board of the Extractive Industries Transparency Initiative (EITI) in Oslo, Norway, for Nigeria's validation as a compliant ... Group Charges NEITI To Recover Trapped $5bLeadership Newspapers Nigeria: Oil Audit - NEITI to Probe Status of UN-Reconciled US$5 Billion RevenueAllAfrica.com all 5 news articles »

Agency restarts oil industry audit process - NEXT

Agency restarts oil industry audit process NEXT The process towards the 2009-2011 audit of the country's oil and gas sector is scheduled to kick off on Friday, the Nigeria Extractive Industry Transparency Initiative (NEITI) has announced in Abuja. NEITI's spokesperson, Orji Ogbonnaya ...

Civil Society seek release of oil industry Report - NEXT

Civil Society seek release of oil industry Report NEXT Decrying the delay in the release, the group called on the Nigeria Extractive Industries Transparency Initiative (NEITI) Secretariat to release the final report, stating that this report was one of the six requirements by the Board of the Extractive ... and more »

Uncertainty over PIB leads to loss of $2.5bn FDI inflows - Daily Sun

Uncertainty over PIB leads to loss of $2.5bn FDI inflows Daily Sun Already the Nigeria Extractive Industry Transparency Initiative (NEITI) has cautioned that the country could lose $3 billion petroleum revenue yearly if the National Assembly passes the Petroleum Industry Bill (PIB) as amended by law makers. ... Petroleum industry bill tops lawmakers' agendaNEXT all 5 news articles »