Quick News - PIB: IOCs take advantage of tax loopholes – Membere

[MrVan]

There has been a lot of back and forth on the fiscal terms proposed in the new Petroleum Industry Bill, PIB. In a recent media chat, Mr Abiye Membere, the Group Executive Director, Exploration and Production, NNPC, who was also a member of the technical committee that scrutinised the bill, explained that what government is trying to do with the bill is to block the avenues of revenue losses, as captured by Clara Nwachukwu

- Vanguard