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INTERNATIONAL OIL COMPANIES IN NIGERIA
The Central Bank of Nigeria (CBN) has issued further clarifications on the utilization of foreign exchange proceeds by international oil companies (IOCs).
Reports from Reuters indicates oil-producing giant, Shell has declared force majeure on exports of Nigerian Forcados crude oil....
About $62 billion is expected by Nigeria from the major international oil companies operating in the country.
Seven international oil companies in Nigeria will be investigated by the Senate.