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Seplat Energy Gains by Daily Limit as Nigeria Approves ExxonMobil Asset Divestment

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Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • Asset acquisition expected to boost Seplat’s production and revenues
  • Deal adds 480,000 barrels per day to Nigeria’s oil output

Lagos, Nigeria – Seplat Energy’s stock surged by the daily maximum price change on Monday following the Nigerian government’s approval of its $1.28 billion acquisition of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU).

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