Business Nigeria loses N7.602trn revenue to foreign oil companies – Newtelegraph

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Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed that Nigeria in the past 20 years has lost a total of $21 billion (about N7.602 trillion) in revenue to international oil companies (IOCs) for its failure to implement the Production Sharing Contract (PSC) law. The minister, while briefing State …

Ibe-Emmanuel-Kachikwu.jpg

via Newtelegraph – http://ift.tt/2ksvlLZ

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