Industry Stakeholders Warn: How New Executive Order May Collapse Financial Framework of Oil and Gas Operations in Nigeria

Promptnewsonline | 23-02-2026 11:17am |

Industry stakeholders have raised fresh concerns over the potential long-term consequences of the Federal Government’s recent Executive Order altering key fiscal provisions of the Petroleum Industry Act (PIA), warning that the move could undermine the financial strength of NNPC Limited and weaken investor confidence in Nigeria’s oil and gas sector. The Executive Order mandates the

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