ExxonMobil's $1.28B Asset Sale to Seplat Gets Nigeria's Approval

Exxon Mobil Corporation (XOM) , the largest oil producer in the United States, has secured approval from Nigeria to sell its onshore oil and gas assets to Seplat Energy Plc, a domestic energy company. This decision ends a more than two-year delay in the $1.28 billion deal, allowing it to move forward.The Nigerian Upstream Petroleum Regulatory Commission granted ministerial consent for the sale, according to its chief executive officer, Gbenga Komolafe, during a conference in Abuja on Oct. 21. Initially anno ...