Seplat Looks to New Nigerian Leader to Complete Exxon Oil Deal
- Former president reversed his approval of $1.3 billion sale
- Purchase would be one of largest oil divestments in Nigeria
Bola Tinubu
Photographer: Kola Sulaimon/AFP/Getty Images
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Seplat Energy Plc remains committed to purchasing Nigerian oil and gas assets from Exxon Mobil Corp. by completing a deal that’s been held up by the West African state for more than a year.
The Lagos and London-listed company is hoping that President Bola Tinubu, the new leader of Africa’s largest crude producer, will adopt a different approach than his predecessor, who reversed an initial decision to approve the transaction.