President Muhammadu Buhari has consented to the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy Offshore Limited.
A statement by Femi Adesina, Special Adviser on Media and Publicity to the President indicated that Exxon Mobil had entered into a landmark Sale and Purchase Agreement with Seplat Energy to acquire the entire share capital of Mobil Producing Nigeria Unlimited from Exxon Mobil Corporation, Mobil Development Nigeria Inc, and Mobil Exploration Nigeria Inc, both registered in Delaware, USA.
In line with the Petroleum Industry Act, the President granted consent to the Share Sales Agreement, as requested by the parties to the transaction and directed that the approval be conveyed to all the parties involved.
Who are the owners of Seplat? When a president okays acquisition like this 'a cabal' is involved in Seplat.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JUST-IN: Buhari Okays Seplat's Acquisition Of Exxon Mobil Shares“Considering the extensive benefits of the transaction to the Nigerian Energy sector and the larger economy, President Buhari has given Ministerial Consent to
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Buhari approves Seplat’s acquisition of Exxon Mobil shares - Punch NewspapersThe most widely read newspaper in Nigeria The Caption should have being 'Cabals Approves Seplats acquisition of Exxon Mobil shares' Presidency approves not Buhari. MBuhari approve ASUU sir
Source: MobilePunch - 🏆 8. / 63 Read more »
Buhari approves Seplat's acquisition of Exxon Mobil's $1.3bn oil assetsPresident Muhammadu Buhari has consented to the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy Offshore Limited.
Source: Daily Trust - 🏆 13. / 51 Read more »
Buhari overrides NNPC, approves Seplat's acquisition of Mobil Producing Oil assets | TheCablePresident Muhammadu Buhari has approved the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc despite moves by the state-owned oil company to block the deal. In February, Seplat had nnpclimited Seplatpetroleum SeplatEnergy MKKyari Minister of Petroleum taking action 🤣. Las Las everybody go chop breakfast nnpclimited Seplatpetroleum SeplatEnergy MKKyari Bubu is the King nnpclimited Seplatpetroleum SeplatEnergy MKKyari 😳😳😳😳.... Seriously! Ah.
Source: thecableng - 🏆 2. / 80 Read more »