News
SEC drops inquiry into Shell’s OPL 245 deal, company says
The U.S. Securities and Exchange Commission has dropped its inquiry into Royal Dutch Shell’s 2011 acquisition of an offshore oil block in Nigeria, the Anglo-Dutch company has said. “The SEC has notified us that it has closed its inquiry into Shell in relation to OPL 245,” a Shell spokeswoman said.
On Wednesday, Italy’s Eni, which acquired the OPL 245 block together with Shell, said the SEC had also closed its investigation into its activity in Nigeria, as well as other activities in Congo. Eni and Shell are currently on trial in Italy over allegations they bought OPL 245 in 2011 knowing most of the $1.3 billion price would go to agents and middlemen in bribes.
Reuters
-
Finance4 hours agoTotal capital importation rose in Q4 2025, says statistics bureau
-
Economy4 hours agoFG begins registration for training of 10m Nigerians on financial literacy
-
Oil and Gas4 hours agoDangote Refinery reduces petrol price to N1,200 per litre
-
Finance4 hours agoFirstBank empowers SMEs with AI-driven growth strategies, hosts SMEConnect webinar
-
News4 hours agoAfreximbank launches inaugural accelerator programme cohort to scale Africa’s Digital trade ecosystem
-
Economy4 hours agoWBG working with governments, private sector, regional partners, stakeholders to help solve Middle East war challenges challenges
-
News4 hours agoPower sector reforms attract $2bn investments – Adelabu
-
News4 hours ago
Dangote Refinery cautions stakeholders on IPO speculation