The Nigerian government and international oil companies are trying to find a common ground on a dispute over oil revenues.
Citing a 2018 Supreme Court decision, the government says it is entitled to $62 billion from companies after they failed to comply with a 1993 law that gives the state a larger share of revenues when oil exceeds $20 a barrel.
The companies have questioned this.
Citing a 2018 Supreme Court decision, the government says it is entitled to $62 billion from companies after they failed to comply with a 1993 law that gives the state a larger share of revenues when oil exceeds $20 a barrel.
The companies have questioned this.
Be the first to comment
Up Next
Autoplay
-
03:14
Nigeria begins modernising oil refineries
-
01:41
Nigeria begins mass Covid-19 vaccination
-
00:40
Chinese Foreign Minister In Nigeria For Infrastructure And Security Talks
-
03:18
Nigeria begins major overhaul of irrigation equipment
-
01:26
Major markets shut down in Nigeria's capital Abuja for Covid-19 non-compliance
-
11:38
Lesotho looks to double government revenue via digitization
-
01:59
Nigeria protests: Rallies disrupt major cities
-
00:53
Boko Haram attacks cripple major highways in Nigeria's Borno State
-
01:52
Nigeria: Passengers celebrate as Lagos Blue Rail Line project begins operations
-
01:16
Congo leader visits Sudan, Egypt for talks on Nile dispute
-
59:15
The Chinese are Coming
-
01:55
Sudan: Miners face harsh conditions as they search for gold in desert
-
03:11
Mugabe: Zanu PF Says Heroes Acre Only For Party Supporters
-
01:30
Coronavirus: South Sudan reports first case
-
01:12
Polls open in Zambia elections, President Edgar Lungu casts vote
