AMCON: Costliest hotel in Lagos, Intercontinental now property of 11 Plc
Following completion of payment and official documentation, 11 Plc, formerly known as Mobil Oil Nigeria Plc, has finalised discussions with the Asset Management Company of Nigeria (AMCON) to acquire the Lagos Continental Hotel. A statement filed at the Nigerian Stock…
11 Plc rejoins aviation fuel business with new 20m litres tank farm in Apapa
Chances of aviation jet fuel (ATK) becoming scarce in Nigeria are becoming slimmer as former player, 11 PIc, has reentered the sub sector, now with bigger investments and infrastructure. Otherwise, the group has rejoined the sale and marketing of ATK…
Mobil Oil changes name to 11 Plc (pronounced as Double One Plc)
Based on the resolution passed by the company’s shareholders at its annual general meeting (AGM) held on 24 May 2017, Mobil Oil Nigeria Plc says it has completed all needed terms and conditions to change name and should henceforth, be…
