Regulatory authority affirms ExxonMobil/Septal Energy acquisition
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that the status quo remains in respect of ExxonMobil/Seplat Energy share acquisition. Responding to media enquiries on the latest development about the transaction, NUPRC Chief Executive, Engr. Gbenga Komolafe clarified that, in line with the provisions of the Petroleum Industry Act 2021, the commission is the sole regulator in dealing with …