NIPCO Acquires ExxonMobil’s 60% Stake in Mobil Oil Nigeria

• Thursday, 6th April 2017
• by

NIPCO Investments Limited, a subsidiary of NIPCO Plc, took over the 60% majority equity stake of ExxonMobil Oil Corporation in Mobil Oil Nigeria Plc late March. The negotiation is considered to be one of the biggest d...

Nipco to Purchase 60% of Mobil Oil Nigeria

• Wednesday, 30th November 2016
• by Editorial Team

Mobil Oil Nigeria (MON) Plc announced Nipco Plc will pay about $291m for the acquisition of the 60% shares of ExxonMobil in the company, informed This Day. ExxonMobil Oil Corporation had executed a sale and purchase a...