Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) Archives

February 24, 2026

Oil Agencies Raise Alarm Over Cash Flow After Executive Directive

News Crackers Oil & Gas Executive Order, Federation Account, Federation Account Allocation Committee (FAAC), Midstream and Downstream Gas Infrastructure Fund (MDGIF), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Nigerian National Petroleum Company Limited (NNPCL), Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Petroleum Industry Act (PIA), Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Presidency 0

By ESTHER McWILLIS-IKHIDE Uncertainty Trails Presidential Revenue Directive FRESH uncertainty has gripped Nigeria’s oil and gas sector following President Bola Tinubu’s executive order mandating the immediate remittance of oil and gas revenues to the Federation Account for distribution among the three tiers of government. The directive, which reinforces Section 162 of the Constitution, halts the […]