
NUPRC Rejects Shell’s $1.3 Billion Onshore Assets Sale to Renaissance
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reportedly rejected Shell International Plc's bid to sell its onshore assets to Renaissance for $1.3 billion. The deal, which required regulatory approval under the Petroleum Industry Act (PIA), has been met with opposition from various stakeholders. However, sources suggest that President…