Featured Politics News

Mobil assets acquisition: We have not been informed of withdrawal of ministerial approval – Seplat

Seplat Energy Plc said it has become aware of a news report claiming that Ministerial Approval of the Company’s proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) has been withdrawn.

A statement by the company’s Chief Financial Officer, Emeka Onwuka, Seplat Energy has received no official notification of such a decision and is seeking clarification from the relevant authorities.

We will continue to work with all parties to achieve a successful outcome to the proposed acquisition and will provide an update in due course, he added.

Related posts

Port congestion, lack of national carrier worries National Institute of Shipping

By Abisola THOMPSON

Fatona Seeks Long-term Lending for Oil Sector

Our Reporter

US VP Pence, wife to be tested for coronavirus after staffer infected

Our Reporter

Shell working to make Nigeria a gas hub in energy transition quest, says official

Meletus EZE

N’Assembly budgets N850m for failed constitution amendment

Our Reporter

Presidential order not enforceable, lacks legal backing -Falana

Our Reporter