The future of most Nigeria’s indigenous oil companies may be under major threat as Shell, one of the world’s largest oil companies, has warned that it would write off up to $22 billion from the value of its assets after the spring’s oil price crash, a concession that in an age of abundant oil and…for further reading, click on https://businessday.ng/exclusives/article/shells-22bn-loss-waves-warning-flag-to-nigerias-indigenous-oil-companies/
SOURCE: BusinessDay Newspaper July 1, 2020