{"id":12369,"date":"2017-04-18T10:53:11","date_gmt":"2017-04-18T09:53:11","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=12369"},"modified":"2017-04-18T10:53:11","modified_gmt":"2017-04-18T09:53:11","slug":"nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/","title":{"rendered":"NIPCO GMD outlines measures to improve fortunes of Mobil Plc"},"content":{"rendered":"<p>THE Group Managing Director, NIPCO Plc, Mr Venkataraman Venkatapathy, has outlined measures being put in place by the majority shareholders of the newly acquired ExxonMobil 60 percent equity stake in Mobil Oil Nigeria Plc to make the deal a game changer in the petroleum downstream sector.<\/p>\n<p>Venkatapathy stated at the Nigerian Stock Exchange, NSE, on the invitation of the Exchange to celebrate the successful completion of the largest acquisition witnessed in the Nigerian downstream oil sector.<\/p>\n<p>He said the acquisition which marks NIPCO \u2019s avowed resilience in the Nigerian economy will see a significant expansion in the production of lubes and ensure its availability across the country in a manner not seen before and thus making the company bigger .<\/p>\n<p>\u2018\u2018As an efficient oil marketing company ,NIPCO acquisition of MON majority shares would also bring economies of scale\u00a0 to the firm ,benefitting Nigerians and grow the economy further \u201c Venkatapathy declared.<\/p>\n<p>According to him, the visit to the Exchange being the first public appearance after the attainment of majority shareholding in MON offered veritable opportunity to share thoughts with the bourse on the milestone and the Group efforts to assure investors\u00a0 of immense benefits \u201cTo all discerning investors the deal is a big welcome to a new dawn and a new era that will usher in stability, prosperity, sustainability and growth in the downstream sector in particular and the industry in general,\u2019\u2019 he said.<\/p>\n<p>Earlier, the Chief Executive Officer, NSE, Mr Oscar Onyema, said the ceremony was organized to support and recognize the recent milestone of NIPCO especially the acquisition of majority shareholding in MON .<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>He expressed great optimism that the deal\u00a0which remains a major landmark event in the oil industry\u00a0would add value to the sector as well as increase the confidence of investors.<\/p>\n<h1><\/h1>\n<p>&nbsp;<\/p>\n<p><strong><\/p>\n<p><\/strong><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>THE Group Managing Director, NIPCO Plc, Mr Venkataraman Venkatapathy, has outlined measures being put in place by the majority shareholders of the newly acquired ExxonMobil 60 percent equity stake in Mobil Oil Nigeria Plc to make the deal a game changer in the petroleum downstream sector. Venkatapathy stated at the Nigerian Stock Exchange, NSE, on &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":11,"featured_media":12370,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1756,1755],"coauthors":[2392,2393],"class_list":["post-12369","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-gmd","tag-nipco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NIPCO GMD outlines measures to improve fortunes of Mobil Plc - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NIPCO GMD outlines measures to improve fortunes of Mobil Plc - National Wire\" \/>\n<meta property=\"og:description\" content=\"THE Group Managing Director, NIPCO Plc, Mr Venkataraman Venkatapathy, has outlined measures being put in place by the majority shareholders of the newly acquired ExxonMobil 60 percent equity stake in Mobil Oil Nigeria Plc to make the deal a game changer in the petroleum downstream sector. Venkatapathy stated at the Nigerian Stock Exchange, NSE, on &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-18T09:53:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/04\/2066.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"597\" \/>\n\t<meta property=\"og:image:height\" content=\"272\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dayo Emmanuel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/04\/2066.jpeg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/04\/2066.jpeg\",\"width\":597,\"height\":272},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/\",\"name\":\"NIPCO GMD outlines measures to improve fortunes of Mobil Plc - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/#primaryimage\"},\"datePublished\":\"2017-04-18T09:53:11+00:00\",\"dateModified\":\"2017-04-18T09:53:11+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NIPCO GMD outlines measures to improve fortunes of Mobil Plc\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\",\"name\":\"Dayo Emmanuel\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NIPCO GMD outlines measures to improve fortunes of Mobil Plc - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/nipco-gmd-outlines-measures-to-improve-fortunes-of-mobil-plc\/","og_locale":"en_US","og_type":"article","og_title":"NIPCO GMD outlines measures to improve fortunes of Mobil Plc - National Wire","og_description":"THE Group Managing Director, NIPCO Plc, Mr Venkataraman Venkatapathy, has outlined measures being put in place by the majority shareholders of the newly acquired ExxonMobil 60 percent equity stake in Mobil Oil Nigeria Plc to make the deal a game changer in the petroleum downstream sector. 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