Exxon Mobil Corporation’s (NYSE:XOM) asset sale deal with Seplat Energy in Nigeria could be approved in a few days.
On Tuesday, Nigeria’s President, Bola Ahmed Tinubu, said, “As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA.”
The President reaffirmed his administration’s commitment to free enterprise, allowing free entry and exit in investments while upholding the integrity and effectiveness of regulatory processes.
President Tinubu emphasized that this principle guides divestment transactions in ...
