Tag Archives: President Muhammadu Buhari

Lagos, Nigeria | AFP | Nigeria’s President Muhammadu Buhari on Monday signed a measure to change the country’s agreements with multinational oil companies to significantly increase the share of offshore oil revenue it takes. “This afternoon I assented to the bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) …

Abuja, Nigeria | AFP | Nigerian President Muhammadu Buhari signed an ambitious budget into law Monday, days ahead of the official start of his second term leading Africa’s largest oil producer. Buhari approved the spending plan worth 8.92 trillion naira — about $29 billion based on the official fixed exchange …