Buhari Signs PSC Bill into Law; Credit to Private Sector Rises in Sep. on CBN’s Policy

President Muhammadu Buhari of Nigeria

November 8, 2019/Cowry Asset

Moves by the Federal Government (FG) to increase its revenue in order to fund the record N10.33 trillion 2020 budget appeared to gain momentum in the just concluded week as President Muhammadu Buhari, on Monday, November 4, 2019 assented to the amended Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act (2004) governing the PSC agreements between the FG and the international Oil Companies (OICs).

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