• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Shell Pushes On With Nigeria’s Onshore Asset Divestment  

by Chika Izuora
3 years ago
in Business, News
Shell
Share on WhatsAppShare on FacebookShare on XTelegram

Oil major Shell Plc has confirmed that its planned sale of onshore assets in Nigeria will go ahead and was not affected by a Supreme Court ruling in a case in which a Niger Delta community is seeking compensation for a 2019 oil spill.

 

Advertisement

Bamidele Odugbesan, spokesman for Shell in Nigeria, said the June 16 Supreme Court ruling was in response to an appeal launched by Shell against a contempt ruling linked to the dispute with the Niger Delta community.

The lawyer for the community said the ruling, which was made public on Monday, barred Shell from disposing its assets as ordered by a lower court in March.

“The Supreme Court ruling on 16 June was with respect to the contempt proceedings and not related to (the) onshore portfolio review,” Odugbesan said.

Shell has invited bids for its onshore assets. Odugbesan did not say how many bids had been received.

RELATED

edo

Edo Gov’t, NLC May Clash Over Planned Inauguration Of Caretaker Committee

3 minutes ago
Taylor Swift Announces Engagement To Travis Kelce

Taylor Swift Announces Engagement To Travis Kelce

17 minutes ago
ADVERTISEMENT

Eighty-eight communities in Rivers state were awarded $1.95 billion compensation for an oil spill they blamed on Shell and which damaged their farms and waterways. Shell denies causing the spill.

The community sought and was granted a court order blocking Shell from disposing its assets. The company was also ordered to put the $1.95 billion into an account nominated by the court until the legal dispute was settled. Shell appealed both rulings and is waiting for a hearing, said Odugbesan.

The company, the most significant international oil major operating in Nigeria, has faced a string of court cases in the past over oil spills.

ADVERTISEMENT

Shell wants to sell its stake in Nigeria’s onshore fields, where it has been active since the 1930s, as part of a global drive to reduce its carbon emissions.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: NigeriaShell
SendShare10208Tweet6380Share
ADVERTISEMENT
Previous Post

38 Females Benefit From INTELS Women Empowerment Scheme

Next Post

Firm Intensifies Efforts To Curb Fraud In Built Sector

Chika Izuora

Chika Izuora

You May Like

edo
News

Edo Gov’t, NLC May Clash Over Planned Inauguration Of Caretaker Committee

2025/08/27
Taylor Swift Announces Engagement To Travis Kelce
Entertainment

Taylor Swift Announces Engagement To Travis Kelce

2025/08/27
Training Scheme For NCE Graduates
News

Federal Gov’t To Train 7m Youths In Digital Skills

2025/08/27
tinubu
News

2027: Despite Endorsing Tinubu, APC Throws Presidential Ticket Open

2025/08/27
Akpabio Neither Slumped Nor Rushed To National Hospital — Spokesman 
News

Akpabio Charges Nigerians On Maintenance, Protection Of Gov’t Facilities

2025/08/27
Osun Monarch Jailed 56 Months For COVID Fraud In US
News

Osun Monarch Jailed 56 Months For COVID Fraud In US

2025/08/27
Leadership Conference advertisement

LATEST

Edo Gov’t, NLC May Clash Over Planned Inauguration Of Caretaker Committee

Taylor Swift Announces Engagement To Travis Kelce

PICTORIAL: APC, PDP Supporters Dump Parties For ADC In Damagun’s Hometown

Adamu Aliyu Makes Waves In Latvian Football, Eyes Nigeria Call-Up

Federal Gov’t To Train 7m Youths In Digital Skills

2027: Despite Endorsing Tinubu, APC Throws Presidential Ticket Open

Akpabio Charges Nigerians On Maintenance, Protection Of Gov’t Facilities

Osun Monarch Jailed 56 Months For COVID Fraud In US

Gov Radda Cuts Leave Short To Visit Community Attacked By Bandits In Katsina

2027: FCT PDP Stakeholders Reject Zoning To South, Endorse Olawepo-Hashim

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.