Udeme Akpan with Agency Report The Federal Government has approved an enhanced production-linked tax credit of $11.50 per barrel for Shell Plc and its partners in a move aimed at unlocking the long-delayed Bonga Southwest Aparo deepwater oil project, a development expected to attract about $20 billion in foreign direct investment (FDI) into Nigeria. The […]

Nigeria granted Shell Plc a production-linked tax credit for a deepwater project, an incentive that will be offered to other oil majors…

Nigeria has approved a significant tax incentive for Shells Bonga Southwest Aparo deepwater oil project, offering a $11