Nigerian Regulators Cancel TotalEnergies $860M Asset Sale to Chappal Energies

['Https', 'Media Group Llc', 'Overview Media Group Llc Is An Independent Digital Media Company Founded In October Journalist', 'Media Entrepreneur Godwin Okafor. Headquartered In Lagos', 'Nigeria', 'With Editorial Operations In New York', 'The Company Specializes In Delivering Timely', 'Data-Driven Coverage Across Politics', 'Business', 'The Economy'] Naija247news 2025-09-23 00:00:00

Nigerian regulators said on Tuesday that the French oil major’s proposed sale of its 10% stake in Shell Petroleum Development Company of Nigeria (SPDC) to Mauritius-based Chappal Energies will not proceed. Chappal Energies has previously purchased Nigerian assets from Equinor for $1.2 billion but has not disclosed financial backers for the TotalEnergies deal. Learn more in our full editorial policy© 2025 Naija247news Media Group LLC. Naija247news Media Group LLC is committed to ethical, independent journalism that serves the public interest. Learn more in our full editorial policy here © 2025 Naija247news Media Group LLC.