Nigerian Regulator Registers 172 Community Development Trusts Under Petroleum Industry Act

NUPRC enforces 3% oil levy, registers 172 community devt trusts

The Nigerian Upstream Petroleum Regulatory Commission has registered 172 Host Communities Development Trusts established by oil and gas companies under the Petroleum Industry Act. The development comes as the regulator intensifies enforcement of the PIA provision requiring oil and gas companies, known as settlors, to contribute three per cent of their operating expenditure in the Read More: https://punchng.com/nuprc-enforces-3-oil-levy-registers-172-community-devt-trusts/

By Punch Newspapers