Nigeria losing $150m annually to untaxed crude oil profits — ERA

Energy Reforms Advocates (ERA) has alleged that Nigeria is losing over $150 million annually due to non-payment of tax by oil firms on crude oil profits. ERA blamed what it termed an “unholy alliance” between the Nigerian National Petroleum Company Limited (NNPCL), local and international oil firms for the alleged infraction. The group noted that […]

The post Nigeria losing $150m annually to untaxed crude oil profits — ERA appeared first on The Guardian Nigeria News – Nigeria and World News.

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