Increase in Nigerian Equity Margin Under Negotiation
According to reports from Lagos, an increase in the equity margin accorded to companies producing oil in Nigeria was under serious negotiation prior to the recent coup and change of regime. The proposed increase was in the region of $1/B, over and above the current equity margin of $2/B. The companies are eagerly awaiting indications as whether the new administration will finalize this rise in the equity margin.
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