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Exxon Shrinks Footprint In Nigeria Despite Renewal Of Lease On Lagos Office: Report

Exxon Mobil Corporation (NYSE:XOM) is renewing a 33-year-old lease on its expansive offices in Lagos’s upscale Lekki district. The lease was set to expire on Friday. The move comes after it plans to scale down operations in Nigeria, reported Reuters. Exxon is relocating staff from its 12-floor Mobil House, reportedly leased at $10 million annually, to a six-floor office ...