Daily Archives: June 8, 2018

Govt Fails to Review Oil Contract Despite $21 Billion Loss

The Federal Government has remained docile over the need to review the Production Sharing Contract (PSC) signed about 25 years ago between the Nigerian National Petroleum Corporation (NNPC) and International Oil Companies (IOCs).   While losses of over $21 billion have already been recorded since threshold for review of the contract was reached in 2000, […]