Reuters exclusively reported how Nigeria has ordered foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, in a move that could deter investment in Africa’s largest economy. In a letter sent to the companies earlier this year via a debt-collection arm of the government, Nigerian National Petroleum Corp cited what it called outstanding royalties and taxes for oil and gas production. Royal Dutch Shell, Chevron, Exxon Mobil, Eni, Total and Equinor were each asked to pay the central government between $2.5 billion and $5 billion, said the sources.
Reuters exclusively reports Nigeria hits oil majors with billions in back taxes
21 February 2019, 12:00 am. 1 minute
Topics of Interest: Politics
Type: Reuters Best
Regions: Europe / Middle East / Africa