Department of Petroleum Resources
Nigeria’s Department of Petroleum Resources has revoked a total of six oil licenses over what the regulator described as a “legacy debts”. Meanwhile, U.S President Donald Trump says he could raise an additional $300 billion tariff on China if necessary. Uchenna Minnis, Chief Market Analyst at Eagle Global Markets joins CNBC Africa for more.
Worried by the irregularities in the ongoing oil and gas lease renewal and massive loss of government revenue, the Senate on Wednesday mandated its Committee on Petroleum Resources Upstream to investigate the Minister of State for Petroleum Resources, Ibe Kachikwu and the Department of Petroleum Resources, DPR.