By Emmanuella Anokam Abuja, Sept. 9, 2024 (NAN) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Chevron Nigeria Ltd. (CNL) have...
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Maroc - THISISLAGOS.NG - A La Une - 10/Sep 12:13
NNPC Ltd/Chevron JV complete landmark conversion of assets into PIA terms
In a move towards aligning with the Petroleum Industry Act (PIA) of 2021, NNPC Ltd and Chevron Nigeria Ltd (CNL) have successfully converted five of their joint venture assets into the new PIA framework. This transition marks a pivotal shift from the previous Petroleum Profit Tax (PPT) system to a more investor-friendly regime, according to…
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