ExxonMobil's $1.28 Billion Nigeria Deal With Seplat Nears Approval

Exxon Mobil Corporation's (XOM) divestment of its Nigerian onshore assets to Seplat Energy is set to be approved in the coming days, as stated by Nigeria's president Bola Tinubu, according to a Reuters report. This $1.28 billion deal has been under scrutiny since its announcement in 2022, with many analysts viewing it as a key indicator for the approval of similar transactions in the region. XOM's Strategic Move in Nigeria ExxonMobil's decision to sell its Nigerian onshore assets to Seplat Energy highlights ...