Nigeria begins talks with major oil firms over oil revenue dispute

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.
nigeria, oil, companies