Nigeria set to open extractive industry ownership register — Here’s how it will work

This week, Nigeria will launch the Beneficial Ownership Register in the extractive industries in line with the global Extractive Industries Transparency Initiative (EITI) standards.

Last week, Nigeria Extractive Industries Transparency Initiative (NEITI), the government agency championing the promotion of transparency and accountability in the oil, gas and extractive industries, along with its partners, the Department of Petroleum Resources (DPR) and the Corporate Affairs Commission (CAC), spoke about how the register will work.

It was at the Roundtable on Beneficial Ownership Register in Nigeria hosted by the Media Initiative on Transparency in Extractive Industries (MITEI) to sensitize Nigerians on the benefits and significance of the register to the Nigerian economy. BUSINESS &…

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