Buhari Withholds His Initial Approval Of Exxon Mobil’s Asset Sale To Seplat

LAGOS AUGUST 12TH (NEWSRANGERS)-Nigeria’s President Muhammadu Buhari has withheld his initial approval of Exxon Mobil’s sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the oil regulator refused to give its consent. Buhari on Monday consented to the $1.28 billion transaction, only for the Nigerian Upstream Petroleum Regulatory Commission…

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Nigeria Obtains $1.5bn Loan From US To Boost Solar Power Infrastructure

LAGOS AUGUST 5TH (NEWSRANGERS)-Nigeria has secured a $1.5 billion loan from the US-EXIM Bank to boost solar power infrastructure in 10 different locations in the country. Chief Executive Officer (CEO) of SUN Africa LLC, USA, Adam Cortese, disclosed this yesterday while speaking with newsmen after a meeting of a delegation of the company with President…

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