Business Hilights

Tracking Nigeria's Headline Business News Online


Fake lubricants from UAE, others killing motoring in Nigeria—11 Plc boss

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The managing director of 11Plc (formerly Mobil Oil Nigeria Plc), Tunji Oyebanji, has decried the endless influx of adulterated lubricants into Nigeria’s domestic market mainly from United Arab Emirate (UAE), China and some hard to identify local producers.
In his remarks at the grand finale of the series of raffle draws, to bring to an end, the Mobil Super Peel and Win marketing promotion in Lagos, he said the Nigerian auto market and motoring public deserve high quality products for the life of engines.
Accordingly, he assured that “11 Plc is determined, more than ever before, to supply high quality lubricants to the market”.
“Yes, there are challenges of sort in the downstream business, but we are confident in the Federal Government’s policies to change the situation.
“We are at the forefront for deregulation of the sector to drive the needed development in the sector, as the country imports products that should be processed here given the availability of four refineries.”
Oyebanji assured further that “To ensure there is no gap in products supply, we have embarked on massive innovations and modernisation of our Lube Oil Blending Plant (LOBP) at Apapa, Lagos, to guarantee regular products availability in Nigeria market.”
“This commitment is without the exclusion of other Mobil lubricant brands engineered for other specific and specialised applications. We will continue to be the leader in providing quality lubricants and lubrication supporting services to industries.”
Business Hilights gathered that Mobil Super ‘Peel and Win’ promo was rounded up on August 31, 2018 after about four months intensive travelling and road shows.
The scheme started with Ibadan and moved to Port Harcourt, Enugu, Benin City, Kano and Abuja in the order given. Today we are rounding up with Lagos.
According to Oyebanji, “The previous draws produced about 80 winners of the major prize items that included tricycles (otherwise known as Keke Marwa), motorcycles, power generators, gas cookers, smart telephone handsets, mechanic toolboxes and cash prizes outside other hundreds of freely shared footballs, Mobil-NATA branded mechanic coveralls for mechanics, football jerseys, branded biros and key holders, among others.”
Checks at major lubricants markets in Nigeria and West African markets show that Mobil lubricants remain the best which defined why the prices are higher.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.
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