Nigeria Unveils Oil Sector Tax Relief to Boost Investment and Slash Costs
Nigeria is rolling out fresh tax incentives for the oil industry, rewarding companies that meet strict cost-savings targets with up to 20% off their annual tax bills, plus a share of extra revenue. The move, effective April 2025, builds on previous reforms and aims to make the country's oil sector globally competitive.
Dangote Refinery Controversy: Unpacking Sulfur Content Dispute, Monopoly Accusations, and Government Probe
The Nigerian government and Africa's richest person, Aliko Dangote, clash over the sulfur content in diesel from his refinery. Nigeria's regulatory authority accuses Dangote of producing diesel with excessive sulfur levels, while Dangote refutes these claims. The dispute includes monopoly fears, leading to a governmental investigation to uncover the truth.