Neimeth International Pharmaceutical closed higher at the end of transactions on Friday, at the trading floor of the Nigerian Stock Exchange. It led others with 24.62 per cent to close at N0.81 per share.
Mobil Oil Nigeria Plc has recorded a profit after tax of N8.15 billion in 2016, representing a 67 per cent increase from the N4.87 billion earned in 2015.
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema, has called on oil companies in the downstream subsector to explore opportunities in the capital market.
Oil workers of the Mobil Producing Nigeria (MPN) under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have suspended its ongoing strike following the intervention of Minister of State for Petroleum Resources, Ibe Kachukwu.
The Managing Director of NIPCO, Venkataraman Venkatapathy, said in a statement that the acquisition was agreed with the execution of a sales and purchase agreement with ExxonMobil, a leading downstream player.