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N90bn acquisition: Mobil Oil transforms to 11Plc, to retain brand
Following the complete acquisition of ExxonMobil’s 60 per cent equity stake in Mobil Oil Nigeria (MON) Plc operations by NIPCO Plc in a N90 billion deal, the new owners have announced a new name for MON. Group Managing Director of NIPCO Plc, Mr. Venkataraman Venkatapathy, at a media briefing to announce the complete acquisition of MON in Lagos, yesterday, said …
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