Oil Sector Tightrope: Production Slump, $50bn Tax Push, and a Terror-Finance Crackdown

Nigeria's oil sector faced a triple squeeze yesterday: production fell 4% in July, the government unveiled a $50 billion tax incentive to attract deep offshore investment, and the capital markets regulator ordered an urgent crackdown on terrorist-linked funds.

Watch List

• Oil production slump: Output dropped to 1.505 million barrels per day (bpd) in July, down from 1.568 million bpd in June, despite exceeding the OPEC quota of 1.5 million bpd for...