Mobil Oil Nigeria Plc officially changes name

Mobil Oil Nigeria Plc officially changes name

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. The  Group Managing Director of NIPCO Plc, Mr. Venkataraman Venkatapathy, had in April 2017 at a media briefing announced the complete acquisition of MON in Lagos, saying the erstwhile MON will now operate under a new name to be known as 11 Plc {pronounced as Double One PLC}.

Mobil Oil Nigeria changes name

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