Securities and Exchange Commission (SEC)

SEC probes Oando, Mobil Oil now 11 Plc

Oando Nigeria Plc is being investigated by the Securities and Exchange Commission over observed malpractices in the company’s financial statements. The investigation was reported to have been triggered by the petition filed by some foreign investors over the shareholding structure following the $1.65bn paid by Oando for the acquisition of the oil production assets of […]

Read More

ExxonMobil: Mobil Oil parent company now 11 Plc, 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 […]

Read More