Nigeria: FG Rejects Shell’s $1.3bn Onshore Asset Sale, Says Renaissance Consortium Unqualified

People with deep knowledge of the goings-on in the oil and gas sector, specifically relating to the transaction, told THISDAY that after a thorough appraisal of the proposal made by the consortium, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) found that the group of companies did not have the requisite qualifications to manage the assets.