OVH Acquisition: CAC dissolves NNPC retail, Nueoil

The Corporate Affairs Commission (CAC) has dissolved the downstream arm of the Nigerian National Petroleum Company Limited (NNPC Retail) and Nueoil Energy from its database, a check by PREMIUM TIMES has shown.

The companies’ dissolution follows the acquisition by OVH Energy Marketing Limited.

Last Week, PREMIUM TIMES reported how a court ruling had effectively dissolved NNPC Retail and transferred its ownership to OVH Energy Marketing Limited.