Tag: IOCs
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FG signs agreement with IOCs to increase revenue by $2bn
The agreement that Nigeria signed with International Oil Companies, IOCs on Thursday will increase the nation’s revenue by $2 billion per annum, according to the Minister of State for Petroleum, Dr Ibe Kachikwu. According to Kachikwu, net payments to the Federation Account is expected to double from about seven billion dollars to over 14 billion…