Posts by tag: Nigeria oil sector

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Nigeria Unveils Oil Sector Tax Relief to Boost Investment and Slash Costs

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.

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