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FG mulls merger of oil companies as more IOCs divest

With the growing rate of divestment by International Oil Companies (IOCs) from Nigeria, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said collaboration, strategic alliances, mergers and acquisition.

Komolafe: With Takeover of 29 Assets, Indigenous Participation in Nigeria s Gas Sector Now 50% – THISDAYLIVE

Komolafe: With Takeover of 29 Assets, Indigenous Participation in Nigeria s Gas Sector Now 50% – THISDAYLIVE
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Notore makes board changes

Punch Newspapers Sections Joseph Olaoluwa  Notore Chemical Industries Plc has announced the retirement of Nigeria’s former Head of State, General Yakubu Gowon, and two others from the company’s board. Gowon retired as chairman of the company’s board, effective from January 28 in compliance with the company’s retirement age policy for directors. He assumed the role on February 7, 2007, and worked assiduously to drive the growth of the company during the period, according to a regulatory notice filed by the firm with the Nigerian Stock Exchange. Also retiring from the company’s board is a non-executive director, Mr Richard Herb, who leaves the board in compliance with the company’s retirement age policy for directors. He joined Notore’s board on January 23, 2006, and his retirement is effective January 28.

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