Can Nigeria retain petrol pump price freeze despite oil rally?

Oil marketers in Nigeria have hinted on a possible hike in the pump price of petrol due to the global oil rally and naira devaluation. Meanwhile, data from the Nigeria Extractive Industries Transparency shows total unremitted revenues to the federation by some government agencies and companies in the oil and gas sector rose to $9.85 billion in 2021. Ayodele Oni, Partner at Bloomfield Law Practice joins CNBC Africa for more for more on recent oil market movements.