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Buhari and NUPRC on collision course over sale of Exxon Mobil

Nigeria’s petroleum regulator, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said on Tuesday it stood by its refusal to approve Exxon Mobil’s $1.28 billion sale of shares in its Nigerian unit to Seplat after President Muhammadu Buhari approved the transaction. NUPRC Chief Executive, Gbenga Komolafe, said under a new petroleum law passed last year, the petroleum Read More…

Entertainment Featured TV & Film

Movie studio behind ‘James Bond’ franchise explores sale

U.S. movie studio MGM Holdings is exploring a sale, a person familiar with the matter told Reuters on Monday. The movie studio behind the “James Bond” franchise has tapped investment banks Morgan Stanley and LionTree LLC and started a formal sale process, the source said, asking not to be identified. The company has a market Read More…