Nipco launches $16m offer for Mobil Oil shares

24 June 2017, Lagos — Nipco Plc has launched a 4.84 billion Naira ($16 mln) offer for the shares it needs to take its stake in Mobil Oil to 70 percent to comply with Nigerian takeover rules, its advisers said on Wednesday. Nipco’s investment subsidiary bought 60 percent of Mobil Oil Nigeria from Exxon Mobil […] More »