Total, French Oil giants, have just announced today that they have sold their share in a Nigerian off field to a local company for $569m.
The Oil group said that the divestment is due to the Federal Government of Nigeria's aim to developing some Nigerian companies in the sector.
Most Energy groups have been slashing their investment in Nigeria in order to make up earnings as the price of crude oil has drastically dropped by about 60% since June. Shouldn't Nigerians be worried about this?
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