OPEC

Increase in Nigerian Equity Margin Expected to Go Ahead 

Now that Nigeria's military government has appointed a new cabinet, with Mr. Tam David-West retaining his post as Oil Minister, measures to increase the profit margin enjoyed by equity holding producing companies in Nigeria - which were first mooted under the previous regime (MEES, 9 September) - are expected to go ahead as planned.

According to MEES sources, Mr. David-West told equity holding companies in Lagos last...