Search

Nigeria to Approve ExxonMobil Divestment “in Days,” President Tinubu Says

Allen dreyfus Logo
© Allen Dreyfus
  • Government committed to free enterprise, free entry, and free exit
  • Economic Stabilisation Bill to stimulate the economy

Lagos, Nigeria – The Nigerian government will grant ministerial approval to ExxonMobil’s divestment from the country’s upstream oil and gas industry within days, President Bola Tinubu announced Tuesday. The divestment involves the sale of ExxonMobil’s assets in Nigeria to Seplat Energy for at least $1.28 billion.

Recent Business

Lagos, Nigeria. © Unsplash
Nigeria holds key interest rate at 27% as inflation pressures persist
Read More »
Image of oil refinery at night across the sea. Photo @Unsplash
Kenya approves $6.1 billion oil project after Tullow exit
Read More »
Mine site Photo © Unsplash
Qatar seals $500mn Ivanhoe Mines deal to secure Africa’s critical minerals
Read More »

Recent Politics

A public school in Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Nigeria shuts schools in northern region as mass kidnappings surge
Read More »
Yaoundé, Cameroon © Unsplash
Cameroon opposition leader Tchiroma flees to Gambia after disputed election
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Samia’s family picks ignite Tanzania nepotism storm
Read More »

Latest Posts

Latest news insights