Funding & Business
Nigeria Cuts Oil Firms’ Cost-Recovery Cap to Boost Budget Income
Nigeria has set a lower threshold by which oil companies can recover their expenses as it seeks to boost government revenue amid lower crude oil prices threatening to widen the budget deficit in the West African nation.
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Junk debt is about as safe as investment-grade now, at least according to prices in credit markets.
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Electricite de France SA’s Italian unit, Edison SpA, is ready to return to the public market if its French parent approves a plan to relist through an initial public offering.
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