Nigerian News Summary: NNPCL as Sole Distributor, Governor Bello's Bail Reserved, Naira Fluctuations

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Nigerian News Summary: NNPCL as Sole Distributor, Governor Bello's Bail Reserved, Naira Fluctuations
NNPCLPort Harcourt RefineryYahaya Bello
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The Nigerian National Petroleum Company Limited (NNPCL) becomes the exclusive distributor of petroleum products from the Port Harcourt Refinery Company, while the High Court reserves a ruling on the bail application of former Governor Yahaya Bello. The Nigeria Customs Service intercepts smuggled PMS, and the Naira experiences both appreciation and depreciation in different markets. The Acting Chief of Army Staff undergoes a screening session.

Nigerian National Petroleum Company Limited ( NNPCL ) will be the sole distributor of petroleum products from the Port Harcourt Refinery Company, for now. The High Court of the Federal Capital Territory reserved a ruling on the bail application of former Kogi State Governor, Yahaya Bello , until December 10, while the Nigeria Customs Service intercepted smuggled PMS worth N18.5 million in Adamawa.

The Acting Chief of Army Staff, Olufemi Oluyede, faced a screening session at the House of Representatives. The Nigerian Naira's value fluctuated, appreciating in the parallel market and depreciating in the Nigerian Autonomous Foreign Exchange Market. The House of Representatives requested an investigation into alleged withheld subsidies for petrol by the NNPCL

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NNPCL Port Harcourt Refinery Yahaya Bello Naira Exchange Customs Smuggled PMS Army Chief Screening

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