Published 2 years ago

Exxon Mobil's Nigeria asset sale hits regulatory hurdle

Summary by Ground News

Nigeria's petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil's $1.28 billion sale of shares in its Nigerian unit. President Muhammadu Buhari approved the transaction on Monday. The sale is also opposed by state firm NNPC Limited, which argues it has pre-emptive rights.

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Reuters

Exxon Mobil's Nigeria asset sale hits regulatory hurdle

Nigeria's petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil's $1.28 billion sale of shares in its Nigerian unit to Seplat after President Muhammadu Buhari approved the transaction.

2 years ago·United Kingdom

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