President Bola Tinubu has moved to overhaul Nigeria’s oil revenue architecture with a sweeping executive order directing the Nigerian National Petroleum Company Limited (NNPC Ltd) to cease automatic deductions of management fees and Frontier Exploration Fund contributions before remitting proceeds to the Federation Account. The directive, which aligns oil revenue flows strictly with constitutional fiscal … Continue reading Tinubu Executive Order Halts N2.1tn in NNPC Deductions, Reshapes Oil Revenue Remittance Framework