Law News

Court of Appeal says only State High Courts can determine land compensation matters

Ihesiulo Grace 14 July 2018 0

In what some analysts say is a landmark judgment, the Court of Appeal in Calabar on July 13, 2018, delivered judgment in favour of Mobil Producing Nigeria Unlimited (Mobil) in an Appeal arising from a Federal High Court, Uyo judgement delivered on March 27, 2014, with respect to compensation to

Headlines News

18 years after, S’Court voids Mobil’s sack of 860 Nigerian staff

Ihesiulo Grace 21 April 2018 0

• Orders payment of outstanding salaries, allowances Belatedly many may say, 18 years after 860 Supernumerary Police officers (SPY) were unceremoniously removed from offices by the Mobil Producing Nigeria Unlimited, the Supreme Court, on Friday, voided their sack. The Supreme Court, in a unanimous judgment of five justices, held that it was illogical and without […]

Business Capital Market News Oil & Gas

Mobil changes name

Ihesiulo Grace 8 August 2017 0

Mobil Oil Nigeria has sent a notice to the Nigerian Stock Exchange (NSE), informing dealing members and the investing public of its change of name from Mobil Oil Nigeria to 11 Plc. The change of name will take effect on the Nigerian Stock Exchange (NSE) on Friday, 11 August. NIPCO Plc, had last year acquired […]

Business Headlines News

Reps probe oil firms over N500bn debt to PPMC

Ihesiulo Grace 14 December 2016 0

Oando, Mobil, Total, MRS, Capital Oil, others affected Allege connivance between marketers, govt officials Reopen investigation into Malabu oil deal Speedy passage of PIB, solution to anomalies –NNPC   Speaker of the House of Representatives, Yakubu Dogara, on Tuesday, inaugurated an ad hoc committee to investigate the huge debts amounting to over N500 billion owed

Capital Market

How Mobil’s stock soared 66% in two weeks

Ihesiulo Grace 5 December 2016 0

Mobil Oil Nigeria Plc’s shares have recorded a 66 percent appreciation in the last two weeks, as share price rose from N195 to N324 per share. Analysis showed that the increase represented a growth in investor’s worth rose from N70.3 billion as at 18th November 2016 to N116.9 billion, at 2nd December 2016. The growth, […]