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Whistle Blowers Nigeria

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Old PSC law means billion dollar losses for Nigeria

By
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On 2nd July 2018
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At 4:22 am
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In Business
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Crude oil fields governed by Production Sharing Contracts (PSC) now make up a sizable chunk of Nigeria’s oil output leading to less government take in the form of royalties and taxes as a result of obsolete laws that have not changed in more than 25 years. Data from Nigeria’s national oil company NNPC from January…

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The post Old PSC law means billion dollar losses for Nigeria appeared first on BusinessDay : News you can trust.

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