NUPRC Commended for Transparent Handling of Frontier Exploration Funds in Nigeria's Oil Sector
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) received commendation for its transparent release of Frontier Exploration Funds (FEF) and coordination with the Nigerian National Petroleum Corporation (NNPC). Dr. Randy Amuch, Executive Director of the African Energy Policy Alliance (AEPA), lauded NUPRC's professionalism and transparency.
The commission clarified the approval and release of $185 million (N14.9 billion) to NNPC, reinforcing its reputation. The seamless coordination between NUPRC and NNPC was highlighted as a model for regulatory-industry synergy in Nigeria's oil and gas sector.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
Read full article
Continue on NaijaNews
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
NUPRC Praised for Transparent Management of Frontier Exploration Fund in Nigeria's Oil Sector
Oil Watchdog Network Commends NUPRC's Transparency in Frontier Fund Management
NUPRC Praised for Implementing Community Projects in Niger-Delta Region
NUPRC CEO Unveils Bold Plans for Nigeria's Upstream Sector Revitalization
Global Watchdog Applauds Nigeria's NUPRC $10bn Licensing Round for Transparency and Investment
NUPRC Targets $10 Billion Investments in Nigerian Oil Blocks by 2025
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
