Monthly Archives: January 2021

PIB: STAKEHOLDERS IN THE OIL INDUSTRY SHOULD FIND A WAY OF PRODUCING OIL CHEAPER AT THE LARGEST VOLUME – PROF. OSINBAJO

Nigeria’s oil and gas sector, the mainstay of Nigeria’s economy, is still largely governed by the Petroleum Act and the Petroleum Profit Tax (PPT) Act, enacted since 1969 and 1959 respectively. Since the enactment of these laws, the global oil and gas industry has changed significantly from an investment, governance and fiscal perspective. Although certain obsolete aspects of the aforementioned

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