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

• Government committed to free enterprise, free entry, and free exit
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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.