Search

NNPC Ends Suit Opposing Sale of ExxonMobil Assets to Seplat Petroleum

  • NNPC withdraws legal challenge, paving way for Seplat’s $1.3 billion acquisition of ExxonMobil assets
  • Deal to boost Seplat’s oil and gas reserves, positioning it as a key supplier for domestic power generation

 

Abuja, Nigeria – State-owned Nigerian National Petroleum Company (NNPC) Limited has formally ended its legal challenge to the sale of some ExxonMobil Corp’s Nigerian assets to Seplat Energy.

Recent Business

Lagos, Nigeria. © Unsplash
Nigeria banks raise $3.3bn — now the growth gamble begins
Read More »
Kibret Abebe, CEO of Tebita Ambulance (r) being recognised in Davos
Meet Kibret Abebe, the Ethiopian CEO who built a $500,000 ambulance enterprise
Read More »
Man pushing truck with gallons of water in Benin. Photo by Dananjaya Nugraha @ Unsplash
Can West Africa’s development bank scale up without taking on too much risk?
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »
A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »

Latest Posts

Latest news insights