Latest Breaking News On - மொபில் எண்ணெய் நைஜீரியா - Page 1 : comparemela.com
Board of Capital Hotel Plc Agrees to Sell 51% Stake to 11 Plc
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Capital Hotels agrees to sell 51% stake to 11Plc
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Total, Conoil, 11plc, other fuel marketing companies reports N331 54bn revenue drop for FY 20
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Fuel marketing companies suffer N331 54bn revenue drop
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Oil giant, ExxonMobil Corporation is offering its 60 per cent stake in Mobil Oil Nigeria Plc for sale.
A statement from the organisation at the weekend noted the 60 per cent stake is being sold to Nipco Plc, which is a local downstream oil and gas firm in the country.
Nipco Plc was incorporated on January 8, 2001 as a private limited liability company and was known as IPMAN Petroleum Marketing Company Limited.
However, the report added that Mobil Oil Nigeria was also incorporated as a private limited liability company in 1951 and later, converted to a public limited liability company in 1978.
Mobil Oil Nigeria’s shares were listed on the Nigerian Stock Exchange (NSE) in 1979. Mobil Oil Nigeria is a subsidiary of Mobil Oil Corporation, now ExxonMobil Corporation, which owns a 60 per cent equity stake in the company.