Archives Tag: ConocoPhilips
Oando Acquires ConocoPhilips for N2.3 Trillion
April 19, 2022
Offshore oil company, Oando Plc, on Wednesday completed the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips for $1.5 billion – N2.3 trillion. Oando announced the acquisition in Lagos in a press statement by Alex Irune, Head of Media and Communications. He said that they arrived at the cost outlay of $1.5 … Continue reading Oando Acquires ConocoPhilips for N2.3 Trillion
For 2012, Mergers & Acquisitions in Nigeria Was Worth $7.4 Billion
April 19, 2022
Global Consulting Giant, KPMG, has said that Mergers & Acquisitions (M & A) in Nigeria for 2012 was worth $7.415 billion. This included deals that involved foreign companies and local ones. It was 379% increase from 2011, when M & A in Nigeria was $1.548 billion. Most deals were in the oil sector, and KPMG’s report … Continue reading For 2012, Mergers & Acquisitions in Nigeria Was Worth $7.4 Billion
