Nigeria to earn extra $1.6billion annually, as Reps pass offshore oil revenue sharing act


The House of Reps has passed the Deep Offshore and Inland basin sharing contracts bill. The new amendment which is a concurrency of the bill passed by the Reps according to report will ensure that Nigeria earns about $1.6billion annually from offshore oil drilling. The Executive bill was given expedient passage by the bill, circumventing …

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The post Nigeria to earn extra $1.6billion annually, as Reps pass offshore oil revenue sharing act appeared first on 1st for Credible News.

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