logo

Shell paid Nigeria $5.34 billion, Biggest payment to any Country

By: fxleaders|2025/05/16 15:15:05
0
Share
copy
Nigeria received $5.34 billion from Shell in 2024, the largest payment to any nation. Payments included taxes and other charges, which increased compared to the prior year. The increase occurs as Shell leaves Nigeria’s onshore oil operations after decades of contentious operations. The company is pulling out of the Niger Delta, a region notorious for high emissions and ongoing environmental pollution concerns, but it will continue its offshore production in Nigeria. The company has been looking to sell its oil and gas assets in Nigeria since 2021 due to persistent issues like theft and oil spills. Shell claims the action will reduce its holdings and achieve net-zero emissions by 2050. Nigeria continued to be the largest recipient, with Oman, Brazil, and Norway following closely behind, with a total of about $11 billion. Shell received a $32 million reimbursement from the government for decommissioning expenses related to the Brent field and other North Sea assets. This is less than the $43 million that was reimbursed in 2023. However, this number does not include Shell’s entire UK tax liability; it only represents charges associated with extractive activities. By the end of 2024, it was reported that the company had paid the UK government about $6 billion in 2023. Shell reported adjusted earnings for the entire year.

You may also like

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Popular coins

Latest Crypto News

11:42

A California money launderer was sentenced to 70 months in prison for participating in a $263 million cryptocurrency theft case

According to the U.S. Department of Justice, 22-year-old Evan Tangeman from Newport Beach, California, was sentenced to 70 months in prison and 3 years of supervised release by a federal court in Washington, D.C. for his involvement in an interstate social engineering crime group that assisted in la...
11:42

Data: The total net outflow of the US SOL spot ETF in a single day is $1.1736 million

According to SoSoValue data, yesterday (April 24, Eastern Time), the total net outflow of the SOL spot ETF was $1.1736 million.Among them, the Fidelity Solana Fund ETF (FSOL) had a net inflow of $255,700 for the day, with a total historical net inflow of $158 million.The VanEck Solana ETF (VSOL) had...
11:42

RootData: ZAMA will unlock tokens worth approximately $8.61 million in one week

According to token unlocking data from the Crypto asset data platform RootData, Zama (ZAMA) will unlock approximately 27.958 million tokens at 0:00 on May 2nd, Beijing time, worth about 8.61 million USD.
11:42

RootData: ENA will unlock tokens worth approximately 12.14 million dollars in one week

According to token unlocking data from the Crypto asset data platform RootData, Ethena (ENA) will unlock approximately 11.095 million tokens at 0:00 on May 2nd, Beijing time, worth about 12.14 million USD.
11:42

RootData: SOMI will unlock tokens worth approximately 1.61 million dollars in one week

According to token unlocking data from the crypto asset data platform RootData, Somnia (SOMI) will unlock approximately 9.35 million tokens at 0:00 Beijing time on May 2, worth about 1.61 million USD.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com