Nigeria Approves TotalEnergies’ $510 Million Bonga Stake Sale

BloombergFriday, September 26, 2025 at 10:24:28 AM
Nigeria Approves TotalEnergies’ $510 Million Bonga Stake Sale
Nigeria's approval of TotalEnergies' $510 million sale of its stake in the Bonga field to Shell and Nigerian Agip marks a significant step in the French company's strategy to streamline its assets and reduce debt. This move not only strengthens Shell's position in the region but also reflects Nigeria's ongoing efforts to attract foreign investment in its oil sector, which is crucial for the country's economy.
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