The Nigerian National Petroleum Company Limited (NNPCL) and Central Bank of Nigeria (CBN) have formalised tge agreement on the directive by President Bola Tinubu for earnings from oil to be domiciled in the apex bank. Amidst rising economic crisis, especially the free fall of the Naira, the Nigerian leader Tinubu directed the CBN to handle crude proceeds going forward. A joint statement by the two bodies yesterday said NNPCL would domicile a significant portion of its revenues and other banking services with the CBN. The decision followed a meeting between the NNPCL Group Chief Executive Officer, Mele Kyari and CBN Governor Olayemi Cardoso in Abuja. NNPC said the move would provide the national oil company with an improved platform for managing its cash holding obligor limits, aligning with directives from the Board of Directors. The statement hinted that the CBN has introduced enhanced digital platforms and specific limits to oversee NNPCL’s transactions effectively. The both expressed commitment to fortify collaborations and smoothen operations.