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Senators debate CBN cash withdrawal limit policy today

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Tinubu appoints three new Executive Commissioners for NUPRC By Cross Udo, Abuja President Bola Tinubu has approved the appointment of three new Executive Commissioners to serve in the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the redeployment of one current Executive Commissioner, pending their confirmation by the Nigerian Senate. The appointment was made public via a statement issued by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale in Abuja last night. According to the statement, Mr Bashir Indabawa, representing North-West is the Executive Commissioner of Exploration and Acreage Management, Dr Kelechi Ofoegbu, representing South-East is the Executive Commissioner of Corporate Services and Administration (Redeployed), Mr Enorense Amadasu, representing South-South, is the Executive Commissioner, Development and Production and Mr Babajide Fasina, representing South-West as the Executive Commissioner, Economic Regulation and Strategic Planning. According to the statement, "The President approves this reshuffling and replacement based on his deeply informed assessment of all factors concerning the sector to establish a regulatory framework and culture that comprehensively dis-incentivises errant behaviour and incentivises diligence and rules-based business practice across the industry."

Senators at plenary yesterday resolved to debate the Central Bank of Nigeria’s cash withdrawal limit on the floor of the…

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