
Buhari Approves Seplat’s Takeover Of Exxon Mobil Shares
President Muhammadu Buhari has approved Seplat Energy Offshore Limited’s takeover of the entire share capital of Mobil Producing Nigeria Unlimited (Exxon Mobil). A statement released on the microblogging platform, Twitter, on Monday, by the Presidency confirmed the development, stating that the Nigerian leader authorized the takeover, exercising his power as the Minister of Petroleum Resources. The statement noted…