Nigeria seeks $62bn arrears from IOCs

PUBLISHED: Fri, 11 Oct 2019 12:40:25 GMT

The Nigerian government is seeking about $62billion from international oil companies as arrears from the Production Sharing Contract on petroleum sales if crude prices exceed $20. To discuss more on this story Adeoye Adefulu, Partner at Odujinrin and Adefulu joins CNBC Africa.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.