National

Tinubu Shakes Up Oil Industry, Declares CBN to Take Over Crude Sales from NNPC

VOICE AIR MEDIA, News Update

President Bola Tinubu has approved the handing over by the Nigeria National Petroleum Company Ltd (NNPCL) of revenue from sales of crude oil to the Central Bank of Nigeria (CBN).

The NNPC, over the years, has maintained sole control over crude oil sales, only rendering accounts to the Federal Government.

A source within the CBN confirmed the development to Western Post, saying receipts of payment for the oil sales will be forwarded to the apex bank with immediate effect.

Under the new arrangement, NNPC will submit receipts for crude oil sales to CBN for vetting and documentation.

VAM News

Recent Posts

School suspends two students over leaked s^x video of SUG president, Adio

News Update Management of Federal University, Oye-Ekiti, FUOYE has suspended two students of the institution…

3 hours ago

Tinubu extends Comptroller General of Customs’ tenure in office

News Update President Tinubu has granted another six-month tenure extension to the Comptroller General of…

3 hours ago

Osun 2026: ‘I am the People’s Candidate’ – Oyelami Saliu Slams APC, Accord, ADC as Candidates of Ex- Governors

Ahead of Osun state Governorship 2026 Poll, the Peoples Redemption Party (PRP) Dr. Oyelami Saliu…

3 hours ago

Hausa Community In Osun Endorses Oyebamiji For Governor

-As Kafayat Oyetola Advocates Peaceful Election The Hausa community in Osun State has endorsed the…

10 hours ago

Osun LG: APC, ALGON accuses Adeleke govt of inciting chaos

Members of the Osun State chapter of the Association of Local Governments of Nigeria, ALGON,…

12 hours ago

NSCDC takes in two abandoned children

Operatives of the Adamawa State Command of the Nigeria Security and Civil Defence Corps (NSCDC)…

15 hours ago