A new era of growth, inclusion begins at 11 Plc
Group Executive Director ,Finance ,11Plc ( Formerly Mobil Oil Nigeria plc) ,Ramesh Virwani ; Acting Managing Director , Osagie Ogedegbe ; Non- Executive Director, Alhaji Abdulkadir Aminu ; Company Secretary ,Samuel Eme Ozeh ; Non – Executive Director, Chief Paul Obi ,SAN ; and Independent Non – Executive Director ,Nurudeen Abubakar during the company’s 48h Annual General Meeting held at Abuja Continental Hotels ,FCT ,Abuja .
Group Executive Director ,Finance ,11Plc (Formerly Mobil Oil Nigeria plc) ,Ramesh Virwani ; Acting Managing Director , Osagie Ogedegbe ; Non- Executive Director, Alhaji Abdulkadir Aminu ; Company Secretary ,Emeh Samuel Ozeh ; Non – Executive Director, Chief Paul Obi ,SAN and Independent Non – Executive Director ,Nurudeen Abubakar during the company’s 48th Annual General Meeting held at Abuja Continental Hotels ,FCT ,Abuja .
A new chapter has begun at 11 Plc, formerly Mobil Oil Nigeria Plc, following the maiden public appearance of Acting Managing Director Osagie Ogedegbe at the company’s 48th Annual General Meeting held at Abuja Continental Hotel.
Addressing shareholders and stakeholders at the meeting, Mr. Ogedegbe expressed appreciation for the confidence reposed in his leadership and pledged to strengthen the company’s position in Nigeria’s downstream oil and gas sector through professionalism, innovation, and strong service delivery.
He assured shareholders that Mobil lubricants produced by the company in Nigeria would continue to meet global standards, reflecting the quality and expertise associated with ExxonMobil’s training and operational systems.
Mr. Ogedegbe also unveiled plans to expand the company’s market share, increase revenue, and improve profitability through aggressive commercial strategies and business diversification. He emphasized that inclusion and diversity would remain central to the company’s corporate and talent development strategy, positioning 11 Plc as an employer and partner of choice.
According to him, excellent customer service will remain a key focus across all business segments, including fuel retailing, lubricant production, and corporate client services. He noted that the renewed focus on operational excellence is expected to strengthen customer loyalty and boost stakeholder confidence.
“With a clear roadmap for growth, innovation, and efficiency, 11 Plc is building momentum toward a future defined by stronger earnings, broader opportunities, and sustained leadership in Nigeria’s downstream industry,” he said, while assuring shareholders that “better days are ahead.”
At the meeting, shareholders approved a dividend payout of N9.50 per share for the financial year ended December 31, 2025. The decision was widely applauded by shareholders, who commended the board and management for maintaining consistent dividend payments despite challenges in the sector.
Speaking on behalf of shareholder groups, Imam Mohammed Atanda and Moses Igbrude praised the company’s commitment to delivering value to investors through responsible business practices and regular returns.
The shareholders expressed confidence in the company’s future performance, citing its growth strategies, resilience, innovation, and expansion plans. They also pledged continued support for the company’s efforts to strengthen its position in the downstream sector and expand its shareholder base.
Earlier, the Chairman of 11 Plc, Ramesh Kansagra, represented by Non-Executive Director Abdulkadir Aminu, formally presented the proposed dividend, which received unanimous approval from shareholders.
