Nigeria's regulator says ExxonMobil's $1.5 billion asset sale remains in limbo despite presidential assent

Nigerian Upstream Petroleum Regulatory Commission said it is ‘the sole regulator when it comes to dealing with such matters’ as the US supermajor’s deal with Seplat

Contradiction: Nigeria's President Mohammadu Buhari approved the ExxonMobil-Seplat deal, but the country's upstream regulator said it has 'sole' responsibility to rubber-stamp a transaction of this kind
Contradiction: Nigeria's President Mohammadu Buhari approved the ExxonMobil-Seplat deal, but the country's upstream regulator said it has 'sole' responsibility to rubber-stamp a transaction of this kindPhoto: AFP/SCANPIX
Published 10 August 2022, 11:33Updated 10 August 2022, 13:26