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Tinubu’s Executive Order Halts N2tn NNPC Deductions

President Bola Ahmed Tinubu has issued an executive order stopping the deduction of management fees and contributions to the Frontier Exploration Fund by the Nigerian National Petroleum Company Limited (NNPC), effectively blocking revenue streams that generated about N2.076tn over four years. An analysis of monthly earnings submitted to the Federation Account Allocation Committee (FAAC) shows […]