Nigeria Bans Marginal Field Operators From Accepting Paper Trading

20 apr 2022 · 51 sec.
Nigeria Bans Marginal Field Operators From Accepting Paper Trading
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Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says under his leadership, no marginal field operator would be allowed to trade in papers issued by the...

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Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says under his leadership, no marginal field operator would be allowed to trade in papers issued by the organisation.
Komolafe stated that the rule of law would be strictly followed in the issuance of final licences to the winners, stating that no amount of pressure would make the commission award final documents without due process.
Komolafe stressed that some of the 119 companies that had fully paid their bonuses were insisting that they could not raise funds without collecting the licences.
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Autore Africa Business Radio
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