#Latest news with #upstreamoperatorsBloomberg3 days agoBusinessBloombergNigeria's Tinubu Adds Incentives to Boost Oil-Sector RevenueNigeria's President Bola Tinubu signed an executive order aimed at drawing investment in the oil sector by lowering project costs, while protecting government revenue as the West African nation looks to grow output. The new directive caps available tax credits at 20% of a company's annual tax liability, and introduces a performance-based tax incentive for upstream operators, the president said in a statement late Thursday. Implementation guidelines are pending.
Bloomberg3 days agoBusinessBloombergNigeria's Tinubu Adds Incentives to Boost Oil-Sector RevenueNigeria's President Bola Tinubu signed an executive order aimed at drawing investment in the oil sector by lowering project costs, while protecting government revenue as the West African nation looks to grow output. The new directive caps available tax credits at 20% of a company's annual tax liability, and introduces a performance-based tax incentive for upstream operators, the president said in a statement late Thursday. Implementation guidelines are pending.
3 days ago
