FG Grants Shell $11.50-Per-Barrel Tax Credit To Unlock $20 Billion Bonga Project

The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest Aparo deepwater oil project, in a move aimed at unlocking an estimated $20 billion in investment and accelerating Nigeria’s crude oil production. According to a Bloomberg report published on Tuesday, President Bola Tinubu approved new fiscal terms granting Shell and […]