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

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.
  • 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.

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