Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa
Commodities

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

Allen dreyfus Logo
© Allen Dreyfus

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).

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


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Nigeria President Bola Tinubu. Photo @Bola Tinubu/Facebook
Nigeria seeks $7.7bn. Will more debt deliver growth?
11/11/2026
6 hours ago
Vincent Nwanma
Read More »
Street scene in Nairobi, Kenya. Phoby by MC G'Zay @Pexels
Kenya’s bank capital clash deepens. Who pays first?
10/11/2026
1 day ago
Maria Brook
Read More »
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Can Ghana’s treasury bills outrun inflation? Yields slide
10/11/2026
1 day ago
Evans Effah
Read More »

Recent Politics

Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
03/11/2026
1 week ago
Vincent Nwanma
Read More »
Fuel tanker truck navigating city roads. Photo @ Pexels
Can West Africa afford its rising fuel subsidies?
02/11/2026
1 week ago
Brandon Orion Mensah
Read More »
Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
27/10/2026
2 weeks ago
Brandon Orion Mensah
Read More »

Latest Posts

Latest news insights

A vibrant market in Tunis, Tunisia. Photo by Juan Ordonez @Unsplash
Read More »
Why is Tunisia’s inflation stuck? Food prices bite
Aerial photo capturing an outdoor event in Maputo, Mozambique. Photo by SINAL Multimédia @Pexels
Read More »
Mozambique’s inflation steadies, but transport costs threaten recovery
Nigeria President Bola Tinubu. Photo @Bola Tinubu/Facebook
Read More »
Nigeria seeks $7.7bn. Will more debt deliver growth?
Street scene in Nairobi, Kenya. Phoby by MC G'Zay @Pexels
Read More »
Kenya’s bank capital clash deepens. Who pays first?
Aerial photo capturing an outdoor event in Maputo, Mozambique. Photo by SINAL Multimédia @Pexels
Read More »
Mozambique’s inflation steadies, but transport costs threaten recovery
Nigeria President Bola Tinubu. Photo @Bola Tinubu/Facebook
Read More »
Nigeria seeks $7.7bn. Will more debt deliver growth?
Street scene in Nairobi, Kenya. Phoby by MC G'Zay @Pexels
Read More »
Kenya’s bank capital clash deepens. Who pays first?
Underground gold mine. Photo by April Vasquez @ Unsplash
Read More »
Barrick’s gold revenue surges. Why is cash lagging?
Nigeria President Bola Tinubu. Photo @Bola Tinubu/Facebook
Read More »
Nigeria seeks $7.7bn. Will more debt deliver growth?
Street scene in Nairobi, Kenya. Phoby by MC G'Zay @Pexels
Read More »
Kenya’s bank capital clash deepens. Who pays first?
Underground gold mine. Photo by April Vasquez @ Unsplash
Read More »
Barrick’s gold revenue surges. Why is cash lagging?
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Read More »
Can Ghana’s treasury bills outrun inflation? Yields slide