Connect with us

Finance

Nigeria Grants Shell $11.50-a-Barrel Tax Credit to Unlock $20 Billion Bonga Investment

Published

2 months ago

on

Shell oil
FacebookX

Nigeria is offering Shell and its partners a production-linked tax credit of $11.50 for every barrel expected from the proposed Bonga Southwest Aparo development as the government seeks to make one of the country’s largest undeveloped offshore assets commercially competitive. The concession changes the financial assumptions surrounding the deepwater project by allowing the investors to […]

The post Nigeria Grants Shell $11.50-a-Barrel Tax Credit to Unlock $20 Billion Bonga Investment appeared first on Investors King.

Related Topics:

I am a seasoned journalist known for my incisive reporting and unwavering commitment to journalistic integrity. As a key member of the nop.ng team, I specialize in delivering balanced coverage of socio political developments and cultural affairs throughout Nigeria. Driven by a passion for uncovering the truth regardless of the complexity of the issue I have established myself as a trusted voice in Nigeria’s dynamic media landscape, continually striving to empower my audience with clear, contextually rich news.

Trending