Business Hilights

Tracking Nigeria's Headline Business News Online

Production Sharing Contracts (PSC)

NAPE renews calls for review of PSC terms to grow deep offshore investment

More oil and gas stakeholders have continued to call for a total review of all terms and conditions governing the administration of Production Sharing Contracts (PSC) in offshore exploration activities. Latest in the row is the Nigerian Association of Petroleum…

S’Court ruling provides opportunity for immediate review of PSC—Expert

In line with the latest landmark judgment given by the Supreme Court on Wednesday ordering the Federal Government to immediately commence steps to recover all revenues lost to oil exploring and exploiting companies due to wrong profit sharing formula termed…