Nipco Launches $16m Offer for Mobil Oil Shares

• Thursday, 22nd June 2017
• by

Nipco Plc has launched a $16m offer for the shares it needs to increase its stakes in Mobil Oil to 70% to comply with Nigerian takeover rules, Reuters stated. Nipco’s investment subsidiary bought 60% of Mobil Oi...

Nipco Shareholders Approved MobilOil Deal

• Monday, 19th December 2016
• by Egypt Oil & Gas

Shareholders of Nigeria’s Nipco PLC have authorized the company’s board of directors to stand as a guarantor for the acquisition of 60% majority equity stake in Mobil Oil Nigeria by Nipco Investments Limited, a wholly...

ExxonMobil to Exit Nigeria’s Downstream

• Monday, 24th October 2016
• by Egypt Oil & Gas

US oil and gas giant, ExxonMobil is following the footstep of Chevron to divest from the downstream sector of Nigeria’s oil and gas business with a plan to sell 60% of its equity in Mobil Oil Nigeria Plc (MON) to Nipc...