- President of Nigeria issued Oil and Gas Companies Order granting tax incentives, exemptions, and remissions
- Minister of Finance issued Notice of Tax Incentives for Deep Offshore Oil & Gas Production
- Value Added Tax (VAT) Modification Order 2024 was also issued
- Instruments aim to attract local and foreign investments in Nigeria’s oil and gas sector
- VAT Modification Order amends list of goods exempt from VAT to include equipment for CNG, LPG, LNG, electric vehicles
- Anticipated impacts of the Instruments on the Nigerian oil and gas industry are analyzed
Source: marketscreener.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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