Nigeria has sweetened the terms of a sweeping oil reform bill in a bid to attract much-needed investment to its oil industry, four people closely involved with the legislation said and a letter from oil companies, seen by Reuters, showed. According to Reuters, key changes to the bill would lower the royalties for new production…for further reading, click on https://businessday.ng/energy/article/nigeria-softens-pib-to-lure-investment-from-major-oil-firms-reuters/
Source: BusinessDay Newspaper Apr 19, 2021