Nigeria to reduce JV stakes to 40% this year

OpeOluwani Akintayo  Lagos — Nigeria’s Budget Minister, Udoma Udo Udoma, has said the government will reduce its stake in Joint Ventures, JV, to 40 percent this year. According to him, the move was to boost revenue. International oil companies such as Royal Dutch Shell, Chevron and ExxonMobil are in JV agreement with Nigeria through the Nigerian … More »