KEY POINTS The Nigerian Senate has officially confirmed former Rivers South-East senator, Magnus Abe, as the Chairman of the Board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Abe’s confirmation …
Nigerian Senate
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In the NewsMarketsOil & Gas
Senate Orders NNPCL to Refund ₦210 Trillion as Nigerians Question Transparency in Oil Revenue
KEY POINTS The Nigerian Senate has ordered the Nigerian National Petroleum Company Limited, NNPCL, to refund ₦210 trillion to the Federation Account after rejecting the company’s explanations over the unaccounted …
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The Senate’s recent move to reclaim the alleged N11.3 trillion spent on Turn Around Maintenance (TAM) for the nation’s defunct refineries has drawn skepticism from civil society organizations, oil and …