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Shell sells Nigerian onshore subsidiary but remains in offshore sector

N Delta Group Wants Shell s Oil Assets Sale Halted, Seeks Compensation

N Delta Group Wants Shell s Oil Assets Sale Halted, Seeks Compensation
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Shell Sells Nigerian Onshore Business for Up to $2 4 Billion

Shell is selling its Nigerian onshore oil and gas business to a Nigerian-led energy consortium for $1.3 billion and will receive additional payments of up to $1.1 billion from the European group.

Social media posts misleadingly claim Shell is making total exit from Nigeria

Several major international companies have closed down their operations in Nigeria in recent years, raising concerns about the economic landscape. Social media posts claimed in January 2024 that oil giant Shell has followed suit. But the claim is misleading: while the firm recently announced it would sell its largest subsidiary in Nigeria, it still owns several others in the country, both on- and offshore.

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