Senate Clears Abe as NUPRC Chairman Amid Global Oil Price Surge
Senate approves Magnus Abe as Chairman of Nigerian Upstream Petroleum Regulatory Commission. Abe, former Rivers South-East lawmaker, faces global oil price volatility challenges. He describes Iran-US tensions as a worldwide crisis affecting fuel costs but boosting Nigeria's oil revenues. Abe calls for global prayers while highlighting opportunities in marginal fields and gas production. The appointment follows Senate screening tradition for former lawmakers.
SOURCE: https://www.channelstv.com/2026/03/17/senate-clears-magnus-abe-as-nuprc-board-chairman/