Trafigura Beheer BV, the world’s third-largest independent oil trader, will from next year disclose some payments to foreign governments after joining a programme to promote transparency.
President Goodluck Jonathan has proposed to cut fuel subsidies in half in a bid to reduce spending after a retreat in global crude prices.
According to David Mark, the Senate President, the government plans to reduce fuel subsidies next year to N458.6 billion ($2.6 billion) from N971
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