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HomeStock MarketNigeria government rejects $1.3B Shell asset sale - report (NYSE:SHEL)

Nigeria government rejects $1.3B Shell asset sale – report (NYSE:SHEL)

Shell Gas Station

RiverNorthPhotography/iStock Unreleased via Getty Images

The Nigerian government has rejected Shell’s (NYSE:SHEL) proposed sale of its onshore assets in the country to Renaissance in a deal valued at ~$1.3B, The Africa Report said Monday.

The government expressed concerns over the buyer’s capability to manage Shell’s (


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