Nigeria lost N851bn to oil theft, sabotage —NEITI
Nigeria lost N851.84bn ($2.78bn) to oil theft and pipeline sabotage in 2019, the Nigerian Extractive Industry Transparency Initiative (NEITI) has said. NEITI said this in its latest oil and gas industry audit report. NEITI stated that it arrived at the estimate after using an average price of $65.61 per barrel and an average exchange rate…