Shell nets $100m in Nigerian deal

An unidentified youth walks towards his shop in Port Harcourt, Nigeria, Thursday May 17, 2007. Europe's great powers once scrambled for dominance across vast, underdeveloped African lands rich in raw resources, including the scarlet palm oil used to grease the first cogs of the industrial revolution. A century later, a new group of nations are competing for a different valuable, viscous material, with Sub-Saharan Africa closing in on the Persian Gulf as the prime overseas supplier of oil to the last remaining superpower. (AP Photo/George Osodi)

GEORGE OSODI

Eoin O'Cinneide

 03 September 2012 08:15 GMT

Shell has bagged over $100 million after completing the sale of its large interest in a Nigeria block which has been shut for over five years due to militant activity.

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