Nigeria's regulatory authorities have approved the sale of ExxonMobil's assets to Seplat Energy while halting Shell's planned divestment of its onshore and shallow-water operations, reported Reuters.

ExxonMobil said it looks forward to concluding the sale of Mobil Producing Nigeria Unlimited shares for $1.28 billion to Seplat Energy Plc.

Nigeria has approved the sale of Exxon Mobil Corp's onshore assets to Seplat Energy, the chief executive officer of the country's upstream regulator said on Monday, more than two years after the $1.28 billion deal was first agreed.

The federal government has announced the approval of  ExxonMobil's $1.28 billion divestment of its oil and gas assets to Seplat Energy, marking a significant

The federal government has approved the sale of ExxonMobil’s onshore assets to Seplat Energy, more than two years after the

Nigeria has approved the sale of Exxon Mobil Corp's onshore assets to Seplat Energy , the chief executive officer of the country's upstream regulator said on Monday, more than two years after the $1.28 billion deal was first agreed.

Nigeria's recent decision to block Shell's $2.4 billion asset sale signals challenges in attracting foreign investment. Despite efforts by President Bola Tinubu, regulatory delays hinder progress, impacting the oil sector,

The FG has endorsed ExxonMobil's divestment to Seplat Energy while rejecting Shell's proposed deal with Renaissance Africa Energy.

Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to domestic energy supplier Seplat Energy Plc, but rejected a similar deal by Shell Plc.

Nigeria has blocked Shell's sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, the country's upstream oil regulator said on Monday. Shell's asset sale for up to $2.