Nigeria’s Oil Sector Owes $6bn In Royalties, NEITI Reveals, Highlights 79% Drop In Crude Theft In 2023

By
NigeriaDNA
-

A breakdown showed that the outstanding liabilities were $6.049 billion and N65.9 billion in unpaid royalties and gas flare penalties, due to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as collectible revenues by August 31, 2024.

RELATED ARTICLESMORE FROM AUTHOR