Energy experts and petroleum retailers have advised President Bola Ahmed Tinubu on the next course of action following the issuance of Executive Order 09, which mandates the remittance of oil revenues to the federation account. DAILY POST reports that the President, through a statement issued last Wednesday by his spokesman, Bayo Onanuga, announced the executive order, a move that has unsettled Nigeria’s oil sector. The order discontinues two revenue streams previously retained by the Nigerian National Petroleum Company Limited— the 30 percent management fee on profit oil and gas, as well as the Frontier Exploration Fund. It also redirects gas flaring penalties and other income sources of the state-owned oil firm to the federation account. According to the Federal Government, the Execu...