US Dollars The current challenge of dollar-crunch in the country may hinder plans by Royal Dutch Shell to sell off its onshore and shallow water assets, being managed by its Nigerian unit, the Shell Petroleum Development Company (SPDC), THISDAY learnt yesterday. A Bloomberg report indicated that Nigeria’s lenders likely do not have enough dollars to fund clients seeking to acquire the oil assets put on sale by the International Oil Company (IOC), quoting Guaranty Trust Bank Plc. Guaranty Trust Bank Chief Executive Officer, Segun Agbaje said he didn’t see the likelihood of any client raising the estimated $2.3 billion needed to purchase the Shell assets. Such a deal would require a syndication of up to $1.8 billion, and it “can be very tough to raise this kind of funding locally at the moment,” Agbaje said. “When I look at the books of Nigerian banks today, I don’t see a […]