Shell: No plan to exit Nigeria, and real reason we paid $4.6bn royalty in 2019 but $900m in 2020 Nigeria, Africa’s biggest crude oil exporter, has suffered a crash of $3.7 billion on taxes and royalties it received from Shell Companies in Nigeria (SCiN) in just one year. Platforms Africa reports that the figures of transactions and operations expressly published by the oil major in its Briefing notes, also showed a bearish business between 2019 and 2020. In 2019, a whooping $4.6 billion was, according to the Briefing Notes, paid…
Read MoreNigeria’s Oil Royalty, Taxes From Shell Crumble by $3.7bn in One Year
