Nipco Plc, a major Downstream operator which the Nigerian National Petroleum Corporation (NNPC) in a statement cited as one of the six major marketers which benefitted from NNPC cargo supplies, has confirmed the Company’s receipt of the Products from the Corporation. Nipco, in a release this evening by its Chief Corporate Affairs Manager, Alh. Lawal […]
Read More NIPCO Plc said it is ready to partner with the federal government to improve access to Liquefied Petroleum Gas [LPG] as cooking fuel to the generality of Nigerians at affordable rates. Managing Director , NIPCO ,Mr Sanjay Teotia, who gave the assurance while presenting LPG accessories to public school administrators under the aegis of Apapa […]
Read More Nipco Plc has bought another 3.23 percent stake in 11 Plc, the fuel retailer formerly known as Mobil Oil Nigeria, for ₦4.84 billion ($16 million) to increase its holding to 70 percent. Nipco’s investment subsidiary in October bought 60 percent of Mobil Oil Nigeria from Exxon Mobil Corp., when the U.S. giant pulled out of […]
Read More
The ex-depot price of Liquefied Petroleum Gas (LPG) popularly called cooking gas is set to crash by about 20 per cent in the next few weeks. The crash in the price of LPG may not be unconnected with the intervention of the Nigerian Liquefied Natural Gas (NLNG) Limited which plans to invest about ₦150 million […]
Read More In view of the improved performance of NIPCO Plc and its consistent dividend payout, shareholders of the company have lauded the board and management on the 2016 results even as they approved a dividend of 300k per share. NIPCO Plc had a turnover of N170.504billion in 2015 to N2.031billion in 2016. Similarly profit after tax […]
Read More Group Managing Director of Nipco Plc, Mr. Venkataraman Venkatapathy, has said the recent acquisition of ExxonMobil’s 60 per cent equity stake in Mobil Oil Nigeria will benefit investors. Venkatapathy stated this on Thursday in his address on the occasion of the closing gong ceremony at the Nigerian Stock Exchange to celebrate the successful completion of […]
Read More
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 Twenty-five employees of NIPCo Plc honoured for their long services. They had served the company for 10 years. NIPCo said the members demonstrated diligence and commitment for 10 years. Its Managing Director, Mr. Venkataraman Venkatapathy, said the company placed utmost value on the contribution of the workforce in its meteoric rise since it began operations […]
Read More
United States-based ExxonMobil has divested its 60 per cent stake in Mobil Oil Nigeria Plc to Nipco Plc, an indigenous Nigerian downstream oil and gas company. Given the latest divestment, French energy major, Total, is the only international oil company operating in the downstream sector of the Nigerian oil and gas industry. Nipco, in a […]
Read More
