Nigeria's regulatory authorities have approved the sale of ExxonMobil's assets to Seplat Energy while halting Shell's planned divestment of its onshore and shallow-water operations, reported Reuters.

ExxonMobil said it looks forward to concluding the sale of Mobil Producing Nigeria Unlimited shares for $1.28 billion to Seplat Energy Plc.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has approved the divestment of four international oil companies (IOCs).

Nigeria has approved the sale of Exxon Mobil Corp's onshore assets to Seplat Energy, the chief executive officer of the country's upstream regulator said on Monday, more than two years after the $1.28 billion deal was first agreed.

The federal government has approved the sale of ExxonMobil’s onshore assets to Seplat Energy, more than two years after the

Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to domestic energy supplier Seplat Energy Plc, but rejected a similar deal by Shell Plc.

The Nigerian government has rejected Shell plan to sell its Nigeria onshore oil business to Renaissance Africa Energy Company Limited. The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),

Nigeria has blocked Shell's sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, the country's upstream oil regulator said on Monday. Shell's asset sale for up to $2.

Nigeria has obstructed Shell's intended sale of its onshore and shallow-water oil operations, while approving a similar transaction by Exxon Mobil. The regulator indicates hurdles in Shell's divestment process,

Nigeria has blocked the sale of Shell's entire onshore and shallow-water oil and gas assets in the Niger Delta, the country's upstream regulator said on Monday, roughly 10 months after the deal was announced.