Nigeria hits oil firms with billions in taxes [Business Africa]

*20 billion dollars in taxes claimed by the Nigerian government from foreign oil and gas companies as royalties and exceptional taxes for oil and gas production.*

The amount is far too high according to Royal Dutch, Shell, Chevron, Eni or Total.

An amount that represents, according to the Nigerian National Petroleum Corporation, the exceptional royalties and taxes for oil and gas production. This may discourage investments that amounted to nearly 3.5 billion dollars in 2017 in the largest Afri…

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