Search

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

Allen dreyfus Logo
© Allen Dreyfus
  • 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).

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Is Senegal drifting towards default as political rift deepens?
Read More »

Recent Politics

Abiy Ahmed Ali, Prime Minister of Ethiopia. Photo @Abiy Ahmed Ali/X
US hands Abiy a win in Ethiopia. Can it stop another Tigray war?
Read More »
Maintenance of electricity transmission lines. Photo by Mario Spencer @ Unsplash
Can Zambia’s debt swap redefine Africa’s energy future?
Read More »
Abiy Ahmed Ali, Prime Minister of Ethiopia. Photo @Abiy Ahmed Ali/X
A landslide mandate, a fragile peace: Ethiopia’s next five years under Abiy
Read More »

Latest Posts

Latest news insights