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FG To Earn Over $500 million from Signature Bonus

Federal Government is set to earn more than $500 million from signature bonus, according to report: VIDEO-

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What is Signature Bonus?

Signature Bonus is any funds that an Operator or Contractor pays to Federal Government or any other entity formed by government to acquire the right to sign an Exploration and Production Agreement.

Internationally, the petroleum fiscal regime of a country is a set of laws, regulations and agreements which governs the economical benefits derived from petroleum exploration and production. The regime regulates transactions between the political entity and the legal entities 

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