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Vol 66 No 21

Published 24th October 2025


Nigeria

The Tinubu-Shell trade-off behind a $7.5 billion investment

UN experts warn that international oil companies’ opaque sales to local consortia flout environmental and human rights laws

The tortuous bargaining between international oil companies – Shell, TotalEnergies and ExxonMobil – and President Bola Ahmed Tinubu’s government over new investments has hit a succession of legal and regulatory issues, mostly centred around responsibility for an environmental clean-up in the Niger Delta estimated to cost tens of billions of dollars.

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