Gas
Seplat repays final $100 million debt for ExxonMobil’s Nigerian assets
CEII brief
Nairametrics reported on 29 Oct 2026: Seplat repays final $100 million debt for ExxonMobil’s Nigerian assets.
Read the full story on NairametricsSeplat Energy Plc has repaid the final $100 million balance of the debt it incurred to acquire ExxonMobil’s Nigerian oil and gas assets, bringing all acquisition-related borrowing for the transaction to an end.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
72.9% of electricity in Nigeria came from gas in 2024Countries in this story
Original reporting © Nairametrics. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
