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flag Nigeria urges oil firms to invest more, threatens to revoke licenses if they don't.

flag Nigeria's federal government is urging major oil companies to boost investments in the country’s oil and gas sector, highlighting recent reforms and incentives to attract investment. flag The Minister of State for Petroleum Resources, Heineken Lokpobiri, emphasized the government's commitment to improving the investment climate and warned companies to develop their assets or risk losing their licenses. flag Additionally, the Nigerian National Petroleum Company (NNPC) is preparing for an IPO, while the government has appointed a new leader for the cleanup of environmental issues in the oil sector.

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