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Senate moves to amend PSC Act, probe N7trn FG’s oil revenue loss 20 years after

…proposes tax on communication services

The Senate on Wednesday resolved to quickly amend the Production Sharing Contract (PSC) Act in order to end the years of oil revenue loss to the Federal Government. The bill to amend the Act will be presented in plenary today (Thursday). The resolution follows several failed efforts by the 8th Senate to review the Act…

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