BREAKING: Nigerian Govt Bows To IOCs, Reverses Deepwater Royalties, Others In PIB

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By CHIKA IZUORA with Agency Report The Federal Government has bowed to pressure from International Oil Companies (IOCs), which have pressurised the National Assembly to reduce royalties and taxes prescribed in the Petroleum Industry Bill (PIB), which is currently undergoing legislative scrutiny. Key changes to the Bill would lower the royalties for new production from […]



Source: Leadership Newspaper