Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to Seplat Energy Plc, concluding a USD 1.3 bln deal after a more than two-year delay. However, Nigeria rejected a similar sale by Shell Plc. This approval allows Exxon to focus on expanding its offshore assets in Nigeria, with plans to invest up to USD 10 bln in the offshore business over the coming years.