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Nigeria should curb president’s oil licensing powers – lawmakers
ABUJA (Reuters) – The Nigerian president’s power to grant oil licences should be removed and the government should float 30 percent of the state oil company, lawmakers recommended in a report on a bill aimed at cleaning up the industry in Africa’s top crude producer.An executive summary of the report by the Nigerian House of Representatives committee also said the new bill should not affect the “sanctity” of existing petroleum licences, allaying industry concerns that…
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