Shell to Sell its Onshore Oil Drilling Business in Nigeria for $2.4 BN | Vantage with Palki Sharma

Shell to Sell its Onshore Oil Drilling Business in Nigeria for $2.4 Billion | Vantage with Palki Sharma
Oil giant Shell is selling its onshore oil drilling business in Nigeria for $2.4 Billion. They are selling their existing facilities and 18 drilling leases to a consortium made up of mostly local firms. The onshore operations seem to be worth far more than what Shell is selling them for. Why is Shell selling its onshore Nigerian business? Why is it beneficial for both Shell and the locals? Palki Sharma tells you more.
Also Read: www.firstpost....
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Shell | Oil Company | Nigeria | Firstpost | World News | Vantage | Palki Sharma
#shell #oilcompany #nigeria #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[@williamsunltd6921]

Thanks Palki Sharma. I am a Nigerian and I live in Nigeria, but I couldn't get the fullness of this; from you today. You are a great blessing to India and our generation.

[@valentinorossi7771]

I worked for Shell on and off and they were very racist. All team leader position and up must be White. Talk to people who worked in Petroleum Development Oman where shell owned about 36% stake. Victims chose to remain quiet not wanting to risk their jobs. Must be brought to International court!.

[@tokughhjjkkklll]

Tell them to treat Nigeria students right in India.

[@charlesirby1643]

@@tokughhjjkkkllltell Nigerian stop fleeing for greener pastures

[@StevenKilner]

​@@tokughhjjkkklll tell xi to treat your Chinese plus Pakistanis well in your mainland China and colony Pakistan. Nigerians have enough democratic rights as foreign students in India else they'd have left unlike you who keeps clinging to Hypocrisy and desperately generate fake news all the time.😂😂 Enjoy your Chinese Islam. 😂

[@StevenKilner]

​@@charlesirby1643he ain't Nigeria 🇳🇬 He sounds 🇨🇳 Chinese or Pakistan 🇵🇰 or their hybrid. Only they are so desperate to drag 🇮🇳 without need😂 Or could be 🦃Turkish 🇹🇲 either way fake news by them as usual 🤦🤦‍♂️ hope 🦃 notice the flag 😊

[@salronmumbai]

Without a shred of doubt, you are definitely superior in reporting to both BBC and CNN. absolutely! Hat's off to you madam.

[@obadiahnwasor1707]

She is the best in the world by miles.

[@cellb2619]

then why are you still watching bbc and cnn?

[@user-de9vq9yv6i]

Yea...only thing is she make too make petty things make the news

[@D402S]

BBC and CNN feed propaganda to their people. It's sad how brainwashed the US and UK have become.

[@blackoralArt]

Am Nigerian and this is the best news this year.. Shell's business activities in Nigeria have been horrible to Nigeria esp the environment. Their drilling activities for 100 years destroyed a lot of the environment esp in Ogoni land and other parts of the Niger Delta region_ the oil and gas producing region of Nigeria where I hail from. Worst thing about Shell is their arrogance, lack of transparency, in accounting for crude oil sales, corrupt practices including oil thefts they are accusing others of, and indifference to the grievances of the local communities whose lands have been destroyed by their activities , affecting their livelihoods which is mostly fishing as its a riverine area. Shells atrocities in the country are just too many. Other major oil giants like Chevron and Mobil operate in Nigeria but Shell is the worst of them all To us in Nigeria, its goodbye to very bad rubbish. Only thing is they should have cleaned up the mess they caused before leaving our land

[@lawrenceokechukwu8680]

Blame your corrupt politicians and your local kins men not shell

[@KabulMM]

​@@lawrenceokechukwu8680So Shell is free to do all the damage?

[@tracysharp1361]

​@@lawrenceokechukwu8680shell is just as responsible for the mess is their government but corruption in government is deathly a big part of the problem but this is the problem with most of these colonizers they make deals with the local governments and destroy these countries environments and exploit them and then when they have nothing else to benefit from they run and leave the mess for the local people to deal with they have done this all over the world

[@lucifer12354]

​@@lawrenceokechukwu8680shut up, cave man

[@HADEson_]

Nigeria is a corrupt rotten country, soo fxckn disgusting.

[@katana1960]

I retired from Shell after working in a Shell refinery for 25 years. I wasn't in the loop in the African circle, but I can tell you that Shell is selling their refineries in the US to turn it's attention to the natural gas business. China is converting many of their coal fired power plants to natural gas. The natural gas business is much less complicated than the oil business. I'm not making excuses for them, they screwed us when they sold our plant, I'm just commenting on where their business plan is heading.

[@thomasshelby9958]

Yeah I agree with you. I'm supporting shell SPDC, Nigeria oil & gas operations.

[@marcusaureliusanonymous]

LNG shipments are on all time high and with Asia's demand for natural gas increasing, future belongs to LNG for its relatively low carbon footprint, no cleaning of oil spills, variety of uses from Electricity to Transport to Cooking

[@RatTerminator]

China can't manage anything!!

[@thomasshelby9958]

@@marcusaureliusanonymous we are shell believe that LNG is the future. We are investigating heavily in LNG projects

[@boluwajiolalekan4173]

Shell always has community issues in the host community. It is good to sell the onshore facilities to local content to halt the reoccurrence of environmental issues.

[@day1292]

Because there is nothing left to loot. The things to be taken are taken. Job done. Well done west.

[@briantitchener4829]

When Shell move out, you can bet your bottom dollar that the mess left behind will NOT get cleaned up. You can put money on it. This is Nigeria we are talking about.

[@emperortheconqueror4161]

Very characteristic. What a reputation to have😂😂😂 Nigeria my country, see what has become of you😢😢😢

[@MrSahbunky]

You're right

[@fatfarmers7360]

So why are you butthurt about their moving out? You already know you will be loosing money in Holland and Britain and some other European countries. Shell didn't do the cleaning and if the nigerian enterprise don't do the cleaning, then it's up to them to suffer it. But Shell should leave the country and that's it.

[@briantitchener4829]

@@fatfarmers7360 Not"butthurt" at all as you decribe it. Just highlighting the impossibility of getting things done in Nigeria. What Shell do is up to them.

[@samchavez8140]

​@@fatfarmers7360 I like that shell is moving but then don't get cocky, that's the only way to get the problem to end and it's not in cleanup but in shut up. As local is local end of story, no more news for you about it. 😂 understanding the comment you replied to should be your first priority.

[@tutotutot5193]

so they are just selling problems....which will be bought by rich locals who are not going to pay affected communities because they are politically connected....african life

[@peterkimani127]

They know the local rich elites are above the law in Nigeria

[@mimi-pb5gn]

So true & sadly so 💯

[@rinzo2009]

You took the words right out of my mouth.

[@mikemanquez949]

I think say na only me see d reality of this mess!!!!

[@jamesaghachi1975]

You are simply correct

[@nitinsinghal4101]

Excellent & precise reporting, you are the best , sending compliments from Nigeria!

[@nicholaschukanwosu8493]

Brilliant work Palki. You are doing a good job

[@ikmike319]

Nice report keep it up , sending praises from Nigeria

[@missnlahi]

I'm surprised the eliminated oil subsidies weren't mentioned in the reasons as well

[@BinaJosh28]

Can you tell me the significant? I'm really curious

[@elibejohn7094]

God bless you at Palki Sharma.... Sending greetings from Nigeria

[@Sisterbabyokutv]

Best news so far I’m a Nigerian and to tell you shell has caused more harm than good

[@ttgsolutionsng9566]

Thank you Paiki Sharna, i am a Nigerian and an executive member of National Civil Society Council of Nigeria, the umbrella body of Civil Society organizations in Nigeria, with over 500 registered Civil Societies in Nigeria as members and we have made our position on this matter known to SPDC and we think it is criminal for Shell to think that they can play this kind of dirty games with the lives of the people of Niger Delta and get away with it. It is not possible, they most solve the problem they created in the region from where they have raked Billions of Dollars over the years and come out clean before thinking of leaving the shores of Nigeria.

[@moji234]

I believe the acquiring companies will take on this responsibilities. This should be part of the liabilities inherited by the acquiring companies. That shouldn't be a problem though.

[@Lucifer0007]

Shell owns Nigeria, but recent shake ups in nearby countries has spooked them.

[@SuperKillerdog]

Funny, 😂😂😂!! No shell does not own Nigeria as you can see they are selling their onshore, which is a first step. All oil firms will be owned locally soon! No one man can own Nigeria.

[@diligenceeke3023]

​@@SuperKillerdog They are moving away to natural gas. They are also said to be selling in the US. This has nothing to do with local ownership. And yes, Shell owns Nigeria. Tinubu, the one-man president, also owns Nigeria. Nigeria doesn't work because it doesn't have independent institutions. Men and women own Nigeria. More than 199 million Nigerians are slaves to the top 1%. If you deny this fact why do people watch helplessly as they are slaughtered, kidnapped, rigged out in elections, etc?

[@Lucifer0007]

Western propaganda is working well.@@SuperKillerdog

[@theafricanoracle4477]

It is Biafra Land and Shells knows it. They can see trouble looming and wants to bail out before it hit their doorstep.

[@kdkkane3365]

No, Lucifer, THE CREATOR owns Nigeria. As w/ the world, it was given into the hands of the wicked, for a time. Time's up.

[@edidiongjoseph007]

As a Nigerian this true and accurate. The problem to me are summarized in simple words are; SHELL, Nigerian politics, corruption and the agitation of host communities. After all Saudi Arabia, etc have economies based off oil and are managing fine.🤷🤷😮‍💨😮‍💨

[@fistandpen2505]

I'm Nigerian, I've been hard on Palki Sharma on a previous post (not sure how Firstpost go to my algorithms, but I'm grateful), but I appreciate this perspective from her here. Renaissance Africa, which is a close to 100% owned NIGERIAN consortium, is purchasing Shell's assets. Together with Seplat and a number of other local petroleum companies, Nigeria's oil profits are more or less domesticated. This will also facilitate one of the world's largest refineries recently completed by Africa's richest man and Nigerian Dangote. As far as I'm concerned good news all around. Palki continue to do a great job, and the world is eager to see India continue to progress.

[@easyware]

"her perspective"??? She is just a newsreader, FFS.

[@user-Whiteshadow]

Good job Paiki. There are lots of issues. They should switch to LNG and hopefully the govt will be wise enough to regulate it and use it for the advantage of the people.

[@heartmind6373]

The question is are they selling to authentic local owners or just a local representatives of themselves....

[@onthusitsentshwarelang6149]

VIVO is buying Shell and some share in Engen,its not local company.Its happening in the whole Africa except South Africa.

[@heartmind6373]

@@onthusitsentshwarelang6149 the new said locals and foreign.

[@borderlesstv777]

Thank you so much for this. Shalom.

[@chrisstarlight7510]

A sweet news. Thanks palki Sharma,Am a Nigerian and am happy with this news

[@MrSahbunky]

Maybe you should know what you're happy for before you start. Get the full details. Palki just gave a summary of the news. Nigeria could be losing a lot more from this disengagement.

[@emmanuelochieke1645]

​@@MrSahbunkyWhat is your point? Nigeria is already a FAILED State; the country has fallen.

[@blackoralArt]

​@@emmanuelochieke1645 it's your father's house that has fallen. Mumu

[@ValentineUgochukwu]

​@@emmanuelochieke1645 I bu ewu. Anu ofia and a very big f00l

[@Ai_Galaxies]

"I am"

[@yakub10tiphowtogetpregnant64]

Palkis, you have been my best reporter ever. Thanks for this superb report with love❤ from Nigeria

[@lawrenceokechukwu8680]

If you call Nigeria a corrupt country you will be joking" Nigeria is worst than corrupt

[@lovejoseph1899]

Shut up

[@Priyaykanth2]

After all resources are taken Its time to Leave - Shell

[@abhimanyunath2001]

Nothing is taken they payed for it.

[@andyplus1352]

Crude oil producing community in Nigeria hav suffered series of oil spillage and destruction of the environment

[@Heegooat]

BTW western oil firms are leaving Angola, equatorial Guinea.

[@jacksonjoseph8563]

THANK YOU SO MUCH. TIME COMES WITH EVERYTHING. ABOUT TIME REALLY.

[@danielawotweansah3711]

Nigeria 🇳🇬 will surely be great again ❤❤❤

[@hotstepper8420]

Not with the same broom they are using. Only a strong leader who will not succumb to corruption, may turn Nigeria around.

[@HappyMacawBird-pt6ui]

talking sh!t

[@geegab5178]

Shell plc, isn’t leaving Nigeria. It is only selling the oil wells that are outside the coastal areas.

[@ephramevezi48]

Thumbs up. Truly balanced reportage.

[@ombiliyetusantos]

Once Shell is done with Nigeria, they’ll focus on messing up Namibia 🤦🏽‍♂️

[@miraclesamuel5208]

As a Nigerian I don't take this as good news, they are a multinational company with decades of experience but they couldn't clean up the mess. I don't think the local companies buying them will even attempt to do it.

[@CodingWithDapo]

Palki Sharma the only news channel I TRUST IN.

[@Radio9730killer]

Dey play

[@comrade9374]

Are done milking Nigeria while Nigerian swims to Europe

[@EdahPrecious]

Thank you for the News, I hope the new buyers will clean up the mess this is really affecting the locals whose source of livelihood is fishing and agriculture

[@user-es7nk1vu2s]

Oh nooooo... this is not reason they are leaving..the real reason were ,they cut them stealing oils for 8 years without paid any dam to Nigeria account......

[@goodman4093]

All companies are living Nigeria because of bad leadership

[@MrSahbunky]

When did they catch them?

[@diligenceeke3023]

​@@goodman4093 They are moving out of business interests in other areas like natural gas. It is also possible they have an idea of the turbulence to happen in that country.

[@sblijheid]

How? How would customs not know how many barrels left their ports?

[@ayodeleawodeji822]

Can we have a Nobel prize for good reporting? It's either Palki deserves one or it deserves Palki.

[@ONUCHEJAT]

As a Nigerian, I can tell u that, this brought some level of relieve, considering the various attrocities committed by shell especially during the 1990s which led to the death of one our heroes Saro wiwa

[@waldensmith4796]

I trust Nigeria will benefit from Shell exit and that their onshore operations in Nigerian possession will prove profitable and Nigerians will increase their markets for domestic and exports to generate revenues. Keep up the good work Palki.

[@diligenceeke3023]

And then politicians would steal all the money through the back door. You don't know how corrupt that country is. It's my native country, but it's a pity the madness that goes on there.

[@danielrevelation184]

Now they can’t come running ,begging and crying to the All Powerful WM and use his European & American courts. Now when oil just keeps poring out of the self inflicted broken pipelines when Nigerians are literally breaking the oil pipelines and stealing the crude from the government the Africans will not be able to bother the WM and the BM doesn’t care anyway so it’s good for shell to get rid off that problem once and for ALL. 25 % of the entire Nigerian population lives off of the money they make from stealing crude from the government. Europa is washing their hands and moving towards more prosperous and intelligent ways of living off of energy without having to deal with people who live like this. The next step will be massive deportation.

[@muhammadabdulsalam602]

Nothing will change and nothing has changed. I am nigerian I wish they are here things are too worst getting bad. Fuel price is not x4 of the normal price

[@MzansiStoriesOfficial]

lol Nigeria is know as the most corupt country in African

[@waldensmith4796]

@muhammadabdulsalam602 thanks for your concern my friend. There is hope for a better tomorrow for Nigeria and the people of Nigeria . This is a wonderful opportunity for the Nigerian Govt to take on the challenge to manage its oil and gas resources. Let's be optimistic as Shell moves on and write a new chapter allowing Nigeria to also take on the energy responsibilities to be motivated to make the very best out of it in Nigeria interest.

[@Rod-bp8ow]

The Energy Brand is known for environment friendliness, it is to incorporate its standards of Energy production on a long term, fossil free, as Water Turbines and Wind Turbines are UP for the Nigerian Country to develop and improve.

[@UDAYKUMAR-cj5je]

U know why Somalia Nigeria water problem financial instability and also mass firing by own country because of this company, u don't know nothing u r wrong

[@sammn6186]

Environmental friendliness? Maybe in the west, go to the place and see the atrocities committed by Shell, Exxon and their goons. They got away with it by bribing officials. They are responsible for oil contamination that have ravaged the locals and destroy their land. It is actually a good news for Shell, Exxon and all the foreign multinational stealing Nigerian resources to exit the country. The consortium buying should make sure Shell is responsible for cleaning all the spillage or charge them billions of dollars to clean the mess. There has been spillage neglect in this region for decades. No access to water in this region, the water table had been contaminated, the river has also been contaminated. All these are source of livelihood for the locals. Many have died due to neglect by Shell and other Oil companies in this region. It's time for Nigeria to explore and refine their resources, then sell the refined product to neighboring country. Billions of dollars worth of crude are stolen through backdoor by Shell, Exxon and the rest annually.

[@NaSaSh1087]

​@@UDAYKUMAR-cj5jeeven Somalia?

[@afrikanewscongo]

They turned them into corrupted officials...

[@Margaret-bo3pv]

Really

[@KDY3]

since i found palki i found comfort, i stopped CNN BBC ALJAZEERA etc

[@dan-3268]

Shell: how dare they ask me to repay the damage I've caused?!! I'm out! 😅

[@toxxyg8]

Nigerians have caused more damage than shell. As Africans, we have a penchant of blaming everybody else but ourselves.

[@fidelistq]

All the damages are caused by local vandalization of oil installations. Shell pipes were blown up every month. Now nobody will be interested to sue currupt local companies even if the spillage is 10 times worse.

[@duprog]

The problems for Nigeria are not solved just because Shell is out. There is no way to know if the companies could operate better than the previous owner. In fact, I would say that the problems just got worst with lesser companies taking over. They most likely don't have the necessary resources and expertise to run those operations in that environment.

[@dalemsilas8425]

Lol, this "lesser" companies are doing a better job than shell, this is why shell is leaving crude oil capture in nigeria. Contrary to what you've been told, all the expertise (drilling and pump operations) for shell have been performed by Nigerians in the private sector.

[@emmanueluge7956]

@@dalemsilas8425in time, we’ll know

[@fidelistq]

​@@dalemsilas8425better job how. Nigerians can't built and manage a refinery for 50 years. Drilling oil involves a lot of innovation. The local companies will hire some Indian firms and operate inefficiencly.

[@voiceout001]

The balance game of corruption is very nice and profitable I see 😂

[@hi62129]

in nijeria.. govt = business... all curropted

[@festuskelly6328]

God bless Nigeria

[@joemartins8833]

❤❤❤❤our water is damaged. No fish in the waters. No land for farming. Learn our Niger Delta region

[@lawrencegiegbefumwen7834]

Yes the New buyer will continue and correct the past errors

[@MrSahbunky]

Story. They'll multiply the trouble and exploitation. Is it not companies owned by politicians that are buying it?

[@diligenceeke3023]

A new Nigerian buyer? Hahaha... the Europeans saints compared to the Nigerian politicians and their cronies who would buy up the fragments.

[@homeground3001]

palki we all know shell is leaving not because costs are high but because they are finding it increasingly difficult to operate with impunity in a developing state as they had become accustomed

[@samchs222]

Shell is not leaving Nigeria. It is simply leaving on shore. With this, they reduce risk and exposures dealing with local communities, their global reputation and possible requirements to clean up mess made over the years. They will likely sell it to a local company. Even if you accuse local companies of damaging environment nothing much will be done

[@radeonblue1816]

Locals rising against these corporate giants for saving the natural resources is good. Atleast they didn't ended up like the victims of Bhopal Gas Tragedy where even to this day victims are waiting for justice. Shame on our past government for being weak and selling the souls of millions of Bhopalis who died due to this tragedy. Good job Nigeria for holding these giants accountable and saving your people and nature.

[@sblijheid]

You should rewatch the video. They get sued constantly for oil spills from theft.

[@aaACEa]

💯👍​@@sblijheid

[@stainlesssmart139]

Check very Well.....They have realized that Nigeria will no longer patronise the RotterDam Refinery in no Distance time. Then they decided to unleash part of their Stake /s in Nigeria. The foreseeable Redundancy in the Netherlands Refinery has an undeniable IMPACT on this Decision. God Almighty will forever bless Elhadj Dangote !

[@financialmindset204]

Exactly, this could be the main reason

[@steAG-BEN]

A country that survives on the blood of the innocence citizen is dying a natural death and SHELL that has destroy Nigeria path to greatness is seeing ahead that Nigerian is now a history

[@amadiohastruck4331]

Good.

[@danielawotweansah3711]

Good news for Nigeria 🇳🇬 ❤❤❤

[@michaelgeorge9892]

It can't change anything as long the corrupt wizard are still in power.

[@Retiredcheater]

Well they've done milking oil, the rest history.

[@muhammedjaseemshajeef6781]

Nice news

[@biilymcgee8942]

Gonna be a great time to be Nigerian Politician or up & coming Oligarch! Corruption will be HUGE! Nigerian public, will never see a dime. Maybe a few token schools/roads, etc but not going to help the common people.

[@anthonyhunt7313]

That money belongs to Nigeria in the first place. Hopefully they build up the country like the Middle East!

[@willyigwe5691]

Biafra freedom is a task that must be done now so thrir have seen the power of PM MSE and more to come

[@masekoromeo7919]

Possible this is the deal in connection with Dangote oil refinery.

[@Dogofwar9]

If Nigeria agrees to that deal they are crazy.

[@sammn6186]

Shell should be made liable for all the damages they've caused in that region.

[@MrSahbunky]

I'm with you on this

[@emekanweke5621]

Quest for the restoration of sovereign independent republic of Biafra #FreeNnamdiKanu

[@wisdomcharles6664]

They have caused More damage than good in Nigeria, especially southeast Nigeria.

[@rhinochino]

All that oil in Nigeria yet massive poverty. Can anyone explain why is that?

[@diligenceeke3023]

Because their leaders are criminals from top to bottom.

[@AugustineAriola]

I am a Nigeria. I want Shell out of Nigeria for good. They have exploited us long enough

[@MrSahbunky]

It's actually the federal government through NNPC that's exploiting us not shell

[@diligenceeke3023]

Politicians will own it now and will be doubly wicked. Shell obeyed court orders to pay up damages. Nigerian owners would rather kill any dissidents. Ask Buhari and Co and now the current president who never obey court orders.

[@michaelogunronbi237]

Dangote refinery is ready. Nigerian government is getting serious about the refineries. Space for shell to do its shady business is getting narrower by the day. So time to act .

[@vicsaul5459]

Palki for president 🙌👏❤

[@user-uf6fp3bw2p]

I am so happy to see your back. Ali baba and the forty thieves. Leave the people place.

[@edjeep]

2.4 billion, that is cheap!

[@goodman4093]

Shell has coer their cost a long time ago

[@Techgod7848]

Another reason is the final nail on the coffin of the constitution at the supreme court. Why do business in a land where the law doesn't rule?

[@Snowmen30]

The reason shell has stayed this long in Nigeria is because the government supports it, against the citizen's will. Citizens has been fighting off shell through Legal and illegal means for decades due to the company's illicit activities and extortion of resources, damaging local environment and leaving the local helpless and hopeless. Lastly, the competition with local companies is becoming too high for shell to handle. Nigeria is the only African country that the local (Black Africans) owns the economy powerhouse. Nigerian economy is no joke! The local businessmen are smart and large-handed and very difficult to overpower in their own soil. Shell dominated from colonial advantage, but we all knew it wouldn't be so long.

[@efemzyekun900]

Best comment and analysis. I used to tell people who cares to listen that Nigeria as an African country is a different ball game, when it come to control, politics and economy. The colonial legacies are wanning and our business and political environment, demands full control and the foreigners don't like to play or compete with indigenous businesses, because they see us as inferior, but we don't give a damn. The days MTN & Shoprite opened in Nigeria and they were making billions in revenue, I told some of my friends that it will only take 5 to 7 years and Nigerians will either take them over or compete with them. In the telecoms, Globacom was the first local company to confront MTN, disrupting their sector by introducing the per seconds billing, which almost knocked MTN & Econet out of their base...Today, the MTN Nigerian Franchise is majority owned by Nigerian, since it went public. Shoprite enjoyed initial monopoly and was doing brisk businesses, until some smart Nigerians started providing super retail shopping businesses, at smaller and similar business models, such as Justrite, Buyrite, Groccery & Bazzars, and so on...Shoprite revenue dropped & the sold out to a local business man. Shell and the other major oil players have no choice than to either remain and compete or sellout and give us room to fully control what belongs to us...This is Nigeria, the lGiant of Africa and we wont back down to any stranger on our own soil. *Yes, our heads may be bloody, but it will never be bowed.*

[@forestcon]

BS

[@beezelsub]

​@@efemzyekun900Good. Watch the Chinese too.

[@KhalfaniRobb]

Congratulations Nigeria 🇳🇬 get them out

[@MeaganGood-yn9wp]

Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

[@maxiecharles2842]

Who is your financial coach, do you mind hooking me?

[@NatalieDormer-or4jj]

Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?

[@MeaganGood-yn9wp]

Cryptocurrency investment, but you will need a professional guide on that.

[@MeaganGood-yn9wp]

Facebook 👇

[@MeaganGood-yn9wp]

Evelyn C. Sanders.

[@christianoldiesmusic2280]

They envisaged the upcoming indigenous oil marketers

[@StreetzCultureTV]

0:07 👏🙏👏🙏👏...Thanks for the information

[@AdrielMichael-xo2hd]

Shell isnt actually leaving Nigeria, it just leaving it onshore Oil assets, Shell still gonna continue to exploit and pollute Nigerian Offshore reserves in the gulf of guniea

[@Boubacar2305]

Nigerian and all African countries must nationalize their resources for the benefit of their ppl.

[@NgolaNalane]

As an African I know that is absolutely stupid as our officials are beyond corrupt

[@butchfils9464]

Exactly

[@JDe-lj6bl]

of course they pass the responsibility

[@chillxxx241]

Shell has record profits and can write-off all of their losses.

[@sblijheid]

Except, no company is in business to incur losses.

[@chillxxx241]

@@sblijheid They aren’t incurring loses. You have to look at the entire business and just not one small portion of the business. Many policy makers were/are trying to tax energy companies for what they call a “Windfall” tax. This will alleviate some of that if not all of that burden.

[@francisozochi4932]

The world is turning green!

[@albertansah1373]

🐚She’ll company never 😊cleaned the spills on there environmental damage to the land.Dangerous oil cleanup from the water 💦 bodies from pollutions in various areas by theft.This why shell 🐚 company is Leaving Nigeria 🇳🇬.✍️👋👀👀✅🔥🇳🇬🇳🇬💦.???

[@johnmarshall1599]

Car industry is done with fossil fuel... future focus = Electricity/Gas

[@apostleelijahspringsMAIN]

The new indigenous owner will have no regard for the locals

[@chinedunduaguba4886]

I don't know if this is some kind of succor to the memory of Ken Sarowiwa and even the victims who died during the Nigerian - Biafran war as Shell had a hand in that war through the British

[@miriamkimeu6307]

Thanks for sharing

[@Nabraska49]

There is only one reason that big oil up and leaves a place and that it know that most of the oil is gone ..

[@StephenOzor-sl8eq]

Nice one , love from 🇳🇬

[@ekeneosuagwu6919]

Hmmm...i am not sure whether to shout 'hurray!', or to be warry about this development. Shell passing the liability of the spill to the consortium is a nail on rhe coffin of cleaning the spill. I doubt if the spill will be cleaned completely given how we handle our issues as a country. I also fear militarisation of that region in the future in a bid to stem vandalism or quel agitations. I have mixed feelings about this deal.

[@user-yr9ik4fc5s]

Nigeria Dangote have their own refinery now

[@les_crow]

The reason businesses have so much problem in Nigeria's local communities is because money in Nigeria is backside front. Local governments should be the first to see money from any local venture and the central government the last. In Nigeria this is the reverse, and usually it never makes it back down so the locals do stuff like these to get their share. There is nothing wrong with it at all, the fed that doesn't want to reform the system is 100% the problem. In every conceivable way the current system is either significantly less efficient, wasteful, or outright destructive to progress and the country will never work unless it is reformed.

[@chidubemorji3493]

Shell should clean up the mess before selling out.

[@oriontukal]

The people must buy it back.

[@alobochukwumaekpem7130]

Speak the truth and shame the devil Biafra government in exile asked them to pack or pay

[@osmondagbom2017]

It remain Chevron and others, that have been colonizing NIGERIA oil production economy.

[@charleshart8641]

And if they mess up on the shore drilling activities, they would be held accountable for the oil spillage as well. No escape.

[@forestcon]

I guess on shore is too little in quantity and to much headache, compared to off shore. Which they are holding to

[@user-tx4pd3un6k]

I am mr. Ezra odeworits from warri delta state of nigeria l am interested for the buying of oil company.❤❤❤❤🎉🎉🎉🎉

[@RastaAfricanGentleman]

Unaccountable foreign companies run all the time. Hope an African company would have took over.