Major oil marketer, 11Plc (Former Mobil Oil Nigeria) has expressed optimist that the outlook for the year 2023 would be brighter owing to positive expectations from full implementation of the Petroleum Industry Act (PIA) as well as deregulation of the downstream sub-sector, which is scheduled to take off by June 2023.
Barely six years after acquiring Mobil Oil and lubricant brands, 11Plc has invested massively in the facilities to improve productivity and meet market demands.
20 Dec 2018
Stock market reversed previous day’s gains at the end of yesterday’s transactions, occasioned by price losses suffered by most highly capitalised stocks, as market capitalisation plunged by N39 billion. At the close of the transactions, the All Share Index (ASI) shed 109.21 absolute points, representing a dip of 0.35 per cent to close at 30,814.19…
24 Jan 2018
The equities market extended losses from the previous trading session yesterday, as heavy share prices suffered by virtually all the blue chip stocks depressed market indices further by N187billion.
9 Jan 2018
Investors’ expectations that the rally witnessed in the stock market in 2017 would be sustained this year heightened yesterday, as heavy share price gains recorded by major highly capitalised stocks, especially Dangote Cement and Mobil Oil pushed market capitalisation significantly to N14trillion....
17 Jul 2017
Neimeth International Pharmaceutical closed higher at the end of transactions on Friday, at the trading floor of the Nigerian Stock Exchange. It led others with 24.62 per cent to close at N0.81 per share.
1 Jun 2017
Mobil Oil Nigeria Plc has recorded a profit after tax of N8.15 billion in 2016, representing a 67 per cent increase from the N4.87 billion earned in 2015.
1 Feb 2017
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema, has called on oil companies in the downstream subsector to explore opportunities in the capital market.
22 Dec 2016
Oil workers of the Mobil Producing Nigeria (MPN) under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have suspended its ongoing strike following the intervention of Minister of State for Petroleum Resources, Ibe Kachukwu.
20 Oct 2016
The Managing Director of NIPCO, Venkataraman Venkatapathy, said in a statement that the acquisition was agreed with the execution of a sales and purchase agreement with ExxonMobil, a leading downstream player.