Shell fights to win approval for sale of Nigerian onshore business

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The story "Shell fights to win approval for sale of Nigerian onshore business" was covered 2 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 2w ago

Shell fights to win approval for sale of Nigerian onshore business - Financial Times

Quick Summary:

Energy major and prospective buyer in lobbying drive to overcome regulator’s objections to $1.

Some officials of NUPRC and NNPC have argued that the wholesale acquisition of SPDC would give Renaissance too much control and are pushing for the company’s assets to be broken down into smaller entities for other local companies to purchase.

Renaissance casts such proposals as an attempt by politically connected interests to take a slice of an important company, according to people familiar with the consortium.