Executive Order: FG Begins Direct Remittance of Oil Revenues to FAAC
FG commences implementation of Executive Order 9 (2026) mandating direct oil revenue remittance to FAAC. NNPC to stop 30% deductions for management fee and frontier exploration fund. Technical subcommittee set…
PENGASSAN Opposes Tinubu’s Executive Order on NNPCL
PENGASSAN rejects Tinubu’s order directing oil revenues to federation account Union warns move contravenes Petroleum Industry Act and may unsettle investors President urged to review directive to protect NNPC operations…