The Group Chief Executive, Oando Plc, Wale Tinubu, said the acquisition of Nigerian Agip Oil Company Limited (NAOC Ltd) from ENI shows the importance of local investors.
Tinubu said indigenous investors will play a vital role in the future of the Nigerian upstream sector, a statement obtained on Tuesday from the Nigerian Exchange Limited (NGX) said.
He noted that the acquisition of Agip, which will increase Oando’s ownership stake in all NEPL/NAOC/OOL Joint Venture assets and infrastructure, will unlock unparalleled opportunities for Oando.
