• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Monday, January 30, 2023
  • Login
No Result
View All Result
NEWSLETTER
Kumornews
  • Kumornews
  • Politics
  • Business & Economy
  • Entertainment
    Use The Money To Empower Yourself  Actress, Didi Ekanem Advises Ladies Planning To Do BBL In 2023

    Use The Money To Empower Yourself Actress, Didi Ekanem Advises Ladies Planning To Do BBL In 2023

    This One Follow For Love Too?  Netizens Reacts As Chat Between Actress Nkechi Blessing And Younger Lover Goes Viral (Screenshot)

    This One Follow For Love Too? Netizens Reacts As Chat Between Actress Nkechi Blessing And Younger Lover Goes Viral (Screenshot)

    Nigerian Lady Sends Her Elder Sister Packing For Advising Her To Stop Sleeping With Different Men (Video)

    Nigerian Lady Sends Her Elder Sister Packing For Advising Her To Stop Sleeping With Different Men (Video)

    If I Had To Choose All Over, Ill Still Choose You- Deyemi Okanlawan Says As He Celebrates 10 Years Anniversary With His Wife.

    If I Had To Choose All Over, Ill Still Choose You- Deyemi Okanlawan Says As He Celebrates 10 Years Anniversary With His Wife.

    Im Speaking My Truth. I Never Publicly Called Alexx Gay   Fancy Opens Up.

    Im Speaking My Truth. I Never Publicly Called Alexx Gay Fancy Opens Up.

    Lawyer Who Survived A One-Chance Robbery Shares Her Experience With Police Officers That Charged Her For Mobilization.

    Lawyer Who Survived A One-Chance Robbery Shares Her Experience With Police Officers That Charged Her For Mobilization.

    May All That Rita Dominic Whispered To Me Come True  Michelle Dede Gushes Over Heartwarming Moment. (Video)

    May All That Rita Dominic Whispered To Me Come True Michelle Dede Gushes Over Heartwarming Moment. (Video)

    Yall Are Not Even Rappers  Wizkid Replies Nigerian Rappers That Took Offence With His Opinion.

    Yall Are Not Even Rappers Wizkid Replies Nigerian Rappers That Took Offence With His Opinion.

    Man Arrested For Stealing N6.6m From His Friends Bank Account And Using It To Bet In Lagos

    Man Arrested For Stealing N6.6m From His Friends Bank Account And Using It To Bet In Lagos

  • Kumornews
  • Politics
  • Business & Economy
  • Entertainment
    Use The Money To Empower Yourself  Actress, Didi Ekanem Advises Ladies Planning To Do BBL In 2023

    Use The Money To Empower Yourself Actress, Didi Ekanem Advises Ladies Planning To Do BBL In 2023

    This One Follow For Love Too?  Netizens Reacts As Chat Between Actress Nkechi Blessing And Younger Lover Goes Viral (Screenshot)

    This One Follow For Love Too? Netizens Reacts As Chat Between Actress Nkechi Blessing And Younger Lover Goes Viral (Screenshot)

    Nigerian Lady Sends Her Elder Sister Packing For Advising Her To Stop Sleeping With Different Men (Video)

    Nigerian Lady Sends Her Elder Sister Packing For Advising Her To Stop Sleeping With Different Men (Video)

    If I Had To Choose All Over, Ill Still Choose You- Deyemi Okanlawan Says As He Celebrates 10 Years Anniversary With His Wife.

    If I Had To Choose All Over, Ill Still Choose You- Deyemi Okanlawan Says As He Celebrates 10 Years Anniversary With His Wife.

    Im Speaking My Truth. I Never Publicly Called Alexx Gay   Fancy Opens Up.

    Im Speaking My Truth. I Never Publicly Called Alexx Gay Fancy Opens Up.

    Lawyer Who Survived A One-Chance Robbery Shares Her Experience With Police Officers That Charged Her For Mobilization.

    Lawyer Who Survived A One-Chance Robbery Shares Her Experience With Police Officers That Charged Her For Mobilization.

    May All That Rita Dominic Whispered To Me Come True  Michelle Dede Gushes Over Heartwarming Moment. (Video)

    May All That Rita Dominic Whispered To Me Come True Michelle Dede Gushes Over Heartwarming Moment. (Video)

    Yall Are Not Even Rappers  Wizkid Replies Nigerian Rappers That Took Offence With His Opinion.

    Yall Are Not Even Rappers Wizkid Replies Nigerian Rappers That Took Offence With His Opinion.

    Man Arrested For Stealing N6.6m From His Friends Bank Account And Using It To Bet In Lagos

    Man Arrested For Stealing N6.6m From His Friends Bank Account And Using It To Bet In Lagos

No Result
View All Result
Kumornews
No Result
View All Result
Home Business & Economy

Shell Suspends Multibillion-Dollar Assets Sale In Nigeria

by kumornews
July 4, 2022
Reading Time: 2 mins read

Shell Suspends Multibillion-Dollar Assets Sale In Nigeria

Shell Community has suspended the divestment of its curiosity in Nigeria subsidiary-Shell Petroleum Pattern Firm.

The Managing Director of SPDC and Chairman, Osagie Okunbor, in an announcement launched on Thursday, stated the sale of the sources had been placed on retain pending the tip outcomes of its allure at the Supreme Court.

The assertion partly reads, “The Shell Community has confirmed individually that this could well perhaps now not growth the divestment of its curiosity in SPDC till the tip outcomes of SPDC’s allure.”

The SPDC had faced extra than one lawsuits within the previous over oil spills.

The Court of Allure and Federal High Court, Owerri had awarded $1.95bn compensation to 88 communities in Rivers Converse for a 2019 oil spill they blamed on Shell and which broken their farms and waterways.

READ ALSO:  FG Eyes 70% Capital Stock, $150bn Annually To Bolster Infrastructure

The case modified into declared in favour of the communities that came accurate thru Shell guilty of polluting farmlands as properly as rivers and other environment within the Ejalawa community in Oken-Ogosu, Egbalor Ebubu/Eleme Native Authorities of Rivers Converse.

The community had sought and modified into granted a court repeat blockading Shell from eliminating its sources. The corporate modified into also ordered to position the $1.95bn into an story nominated by the court till the merely dispute modified into settled.

Shell denied causing the spill and had filed an allure at the Supreme Court.

Even if Shell appealed each and each rulings and awaits a hearing, nonetheless, a file by Reuters quoted SPDC’s spokesperson, Bamidele Odugbesan, asserting Shell would still lumber on with the divestments in Nigeria no matter the ongoing case.

READ ALSO:  NNPC Rakes In N147bn From Sale Of Petrol, Diesel In One Month

Odugbesan, “The Supreme Court ruling on 16 June modified into touching on the contempt lawsuits and never linked to (the) onshore portfolio overview.”

Nonetheless, in a response to Reuter’s file, Osagie stated SPDC does now not hold any draw of breaking the regulation.

The Shell Petroleum Pattern Firm of Nigeria Ltd complies with the regulation, including any court orders, and respects the judiciary and its role in upholding the guideline of regulation.

Most contemporary media reporting regarding the 16 June Supreme Court lawsuits does now not precisely mediate SPDC’s response to the repeat. SPDC will proceed to hold a look at the Supreme Court’s repeat to preserve the station quo. We hold a valid belief within the merits of our case, which we’re vigorously defending.

Tags: BusinessShellShell Group
Previous Post

FG Targets N23bn In Onitsha River Port Concession

Next Post

APC Govs Kick As Tinubu Backs Shettima As Running Mate… Dogara, Lalong Still In The Race

Related Posts

Reps Begin Investigation Into NNPC’s 32-Year Joint Ventures Contract

Reps Begin Investigation Into NNPC’s 32-Year Joint Ventures Contract

by kumornews
September 21, 2022
0

The Joint Ventures and Creation Sharing Contracts the Nigerian Countrywide Petroleum Corporation (NNPC) entered in the previous 32 many years...

High Energy Costs Threatening Nigeria’s Manufacturing Sector

High Energy Costs Threatening Nigeria’s Manufacturing Sector

by kumornews
September 21, 2022
0

Suppliers in Nigeria have expressed worries in excess of the mounting charge of power which is directly affecting production capacity....

Airlines To Lose Aircraft Over Struggle To Raise Forex

Airlines To Lose Aircraft Over Struggle To Raise Forex

by kumornews
September 21, 2022
0

Domestic airlines are established to get rid of some of their plane over the battle to raise more than enough international...

Aboki Rate: Latest US Dollar To Naira Black Market Rates Today, 21st September 2022

Aboki Rate: Latest US Dollar To Naira Black Market Rates Today, 21st September 2022

by kumornews
September 21, 2022
0

What is the Dollar to Naira Trade rate at the official CBN level, aboki fx, and the black marketplace? How...

Dangote, MTN, Globacom Emerge Among Top 50 Brands

Dangote, MTN, Globacom Emerge Among Top 50 Brands

by kumornews
September 20, 2022
0

An once-a-year prime models analysis report carried out by 2022 Best 50 Brand names Nigeria have mentioned Dangote Industries, MTN...

CBN Is Reluctant – Experts Express Worries As Nigeria’s Inflation Rate Surges

CBN Is Reluctant – Experts Express Worries As Nigeria’s Inflation Rate Surges

by kumornews
September 20, 2022
0

Nigerian economists and financial gurus have predicted there will be a rise in curiosity fees amid the current upsurge in...

Load More
Next Post
APC Govs Kick As Tinubu Backs Shettima As Running Mate… Dogara, Lalong Still In The Race

APC Govs Kick As Tinubu Backs Shettima As Running Mate… Dogara, Lalong Still In The Race

2023: ‘Nigeria Will Recover Its Lost Glory And Be Great Again Through Peter Obi’ – Okupe

2023: ‘Nigeria Will Recover Its Lost Glory And Be Great Again Through Peter Obi’ – Okupe

“Deshaun Is One Of The Last Guys I Ever Expected This To Come From” – Ex-Houston Texans Teammate In Disbelief About Watson Alleged Sexual Misconduct

"Deshaun Is One Of The Last Guys I Ever Expected This To Come From" - Ex-Houston Texans Teammate In Disbelief About Watson Alleged Sexual Misconduct

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recommended

Federal High Court  nullifies Ebonyi  LG election

Federal High Court nullifies Ebonyi LG election

5 months ago
2023: Aisha Yesufu Proposes Raising ₦100 Billion To Fund Peter Obi’s Campaign

2023: Aisha Yesufu Proposes Raising ₦100 Billion To Fund Peter Obi’s Campaign

7 months ago

Most Viewed

    Follow Our Social

    Facebook Twitter Instagram

    About Us

    kumornews.co is an online news channel that has different categories on; entertainment news, politics, national, sports, religion, international, educational & business.

    • About Us
    • Advertise
    • Contact Us
    • Privacy Policy

    © 2018 - 2022 Designed by Kumorgroup

    No Result
    View All Result
    • Home
    • Entertainment
    • Politics
    • Business & Economy
    • National
    • Tech
    • Celebrity
    • International
    • Education
    • Sports
    • Religion
    • News Extra

    © 2018 - 2022 Designed by Kumorgroup

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    en English
    af Afrikaanssq Albanianam Amharicar Arabichy Armenianaz Azerbaijanieu Basquebe Belarusianbn Bengalibs Bosnianbg Bulgarianca Catalanceb Cebuanony Chichewazh-CN Chinese (Simplified)zh-TW Chinese (Traditional)co Corsicanhr Croatiancs Czechda Danishnl Dutchen Englisheo Esperantoet Estoniantl Filipinofi Finnishfr Frenchfy Frisiangl Galicianka Georgiande Germanel Greekgu Gujaratiht Haitian Creoleha Hausahaw Hawaiianiw Hebrewhi Hindihmn Hmonghu Hungarianis Icelandicig Igboid Indonesianga Irishit Italianja Japanesejw Javanesekn Kannadakk Kazakhkm Khmerko Koreanku Kurdish (Kurmanji)ky Kyrgyzlo Laola Latinlv Latvianlt Lithuanianlb Luxembourgishmk Macedonianmg Malagasyms Malayml Malayalammt Maltesemi Maorimr Marathimn Mongolianmy Myanmar (Burmese)ne Nepalino Norwegianps Pashtofa Persianpl Polishpt Portuguesepa Punjabiro Romanianru Russiansm Samoangd Scottish Gaelicsr Serbianst Sesothosn Shonasd Sindhisi Sinhalask Slovaksl Slovenianso Somalies Spanishsu Sudanesesw Swahilisv Swedishtg Tajikta Tamilte Teluguth Thaitr Turkishuk Ukrainianur Urduuz Uzbekvi Vietnamesecy Welshxh Xhosayi Yiddishyo Yorubazu Zulu