NNPC, NUPRC fear financial squeeze after Tinubu’s order.
Fresh concerns and uncertainty have emerged across Nigeria’s oil and gas regulatory and operational institutions following President Bola Tinubu’s executive order mandating the immediate reallocation of oil and gas revenues to the Federation Account for distribution among the three tiers of government. The directive effectively halts the retention of certain internally generated revenues by key agencies in the sector, a move that has triggered widespread apprehension within the Nigerian Upstream […]