• Thursday, June 20, 2024
businessday logo


Afren ends sale talks with Seplat Petroleum

Seplat Energy announces change on its board

Oil producer Afren Plc said it had ended talks with Nigeria’s Seplat Petroleum Development Co Plc over a potential sale of the company.

Read also: Global Oil Layoffs Exceed 100,000

Afren said it would not agree to Seplat’s request to extend from Friday the deadline to make a firm offer for the company.

Afren is still in talks with creditors for its immediate funding needs, it said.