fOur international oil companies (IOCs), operating four crude oil export terminals and one gas commodity, paid N138.749 billion in petroleum profits tax, corporate income tax and education tax to the Federal Inland Revenue Service (FIRS) for June 2022.

According to NNPC Ltd payment data seen over the weekend, US$350.95 million or N138.556 billion (at N/$394.80) was paid for 2.948 million barrels of crude oil under NNPC Ltd’s production-sharing agreement with Shell, TULJA (offshore terminal) and …



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