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Nipco Buys 60% stake in Mobil for $301m

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Mobil Oil Nigeria Plc has said Nigeria’s Nipco Investments Limited is offering $301million for 60 per cent of Exxon Mobil Oil Corporation (EMOC) shares to become the new controlling shareholder in the company. According to a statement sent to the Nigerian Stock Exchange (NSE) signed by Chairman/Managing Director, Mobil Oil Nigeria Plc, Adetunji Oyebanji, the ...

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