We're on the verge of approving ExxonMobil-Seplat deal, says FG

ExxonMobil’s 40 percent stake in MPNU on February 25, 2022, with the expectation that the transaction will be closed in the second half of 2022.

“We are at the verge of closing those issues and I can assure you that we will close that in a very short time. The president is committed to the closure of that,” Lokpobiri said.“That is fundamental to the opening of new investments in the country now that the whole world is campaigning against investments in fossil fuel,” the minister said.

“The whole world will know that Nigeria has now become a new investment destination and that is what, as you know, the objective of this government is.”Speaking further, he said the country needs to solve its problems “ourselves; this is the time for us to evolve homegrown solutions to solve our energy problems”.

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FG moves to conclude sale of $1.3bn ExxonMobil assets to Seplat EnergyThe Federal Government has intensified efforts toward concluding the sale of $1.3 billion ExxonMobil oil assets to Seplat Energy Plc as strategy to increasing investment and Nigeria’s production capacity.
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