Tinubu scraps NNPC’s 30% management fee, mandates direct remittance to Federation Account
[Hallmark - Nigeria] - 19/02/2026
President Bola Ahmed Tinubu has issued an Executive Order abolishing the 30 per cent management fee previously retained by the Nigerian National Petroleum Company Limited (NNPCL) on profit oil and profit gas revenues, directing that the funds be paid directly into the Federation Account. The (…)
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