Seplat Energy to sell 10% NNPCL joint venture stake for $281.6m

LAGOS/LONDON — Seplat Energy Plc has signed a binding agreement with the Nigerian National Petroleum Company Limited (NNPC Ltd) for the sale of a 10 per cent working interest in the assets held by their joint venture for a transaction value of approximately $281.6 million. The energy company, listed on both the Nigerian Exchange and…