President Buhari’s Exxon Sale Flip-Flop Risks Nigeria’s Oil Reform
LAGOS AUGUST 16TH (NEWSRANGERS)-Nigerian President Muhammadu Buhari’s flip-flop over the sale of Exxon Mobil Corp.’s assets could discourage investment in Africa’s largest oil producer in the wake of industry reform meant to grow the sector. A $1.28 billion bid by Lagos and London-listed Seplat Energy Plc for shares in Exxon’s local subsidiary was initially backed…