Nigeria's oil regulator says Mobil deal rejection based on PIA

The Nigerian Upstream Petroleum Regulatory Commission says its decision to counter and maintain status-quo on the asset acquisition of Mobil Producing Nigeria by Seplat Energy is based on the provisions of the Petroleum Industry Act. This comes after President Muhammadu Buhari consented to the acquisition as the Minister of Petroleum. Femi Oladehin, a Partner at Argentil Capital Partners, joins me for this discussion.