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Nigeria Makes Progress on Long-Delayed Plan to Share Oil Wealth

Nigeria's Senate has moved forward a first piece of much-delayed legislation to tackle long-standing problems in managing the nation's oil wealth, aiming to agree on details for full consideration in just four weeks, lawmakers said. The Petroleum Industry Bill, stuck in parliament for a decade, aims to tackle everything from an overhaul of state oil company NNPC to taxes on upstream projects in a sector riddled with corruption. The Senate, parliament's upper house, gave...

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