Business

Buhari gives nod for Seplat to acquire 100% Mobil share capital

Ihesiulo Grace 9 August 2022 0

By Ukpono Ukpong In his capacity as Minister of Petroleum Resources, and consonance with the country’s drive for Foreign Direct Investment in the energy sector, President Muhammadu Buhari has consented to the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy

Business News

NSE sustains growth by N66bn on Seplat gain

Ihesiulo Grace 8 January 2021 0

Trading activities on the nation’s bourse advanced further by N66 billion to extend gaining streak to two consecutive sessions. The price rally was driven by gains posted by Seplat and 26 other equities. Specifically, the All-Share Index gained 125.70 points or 0.31 per cent to close at 40,590.85 from 40,465.15 achieved on Wednesday. Also, the […]

Business

Seplat reports $59m dividend payout, assures shareholders of sustainable growth

Ihesiulo Grace 1 June 2020 0

The chairman, Seplat Petroleum Development Company Plc, A.B.C. Orjiako has said the Nigerian independent oil and gas company remained a resilient business that generates significant free cash flow from a low-cost production base. He stated that the company is focused on delivering shareholder returns through regular dividend distributions and capital growth. The Seplat

News

Coronavirus: NPDC, Seplat, Esehi Pharmaceuticals boost Edo govt’s response with PPE, sanitisers, others

Ihesiulo Grace 2 April 2020 0

…as govt solicits for more support from corporate bodies, others The Edo State Deputy Governor and Chairman, Edo State Response Committee on COVID-19, Rt. Hon. Comrade Philip Shaibu, has tasked corporate bodies and public-spirited individuals, to support the state government’s initiatives in checking the spread of coronavirus (COVID-19) in the state. Shaibu

Business News

NSE: Equities market index down by 0.39%

Ihesiulo Grace 27 August 2019 0

Temitope Adebayo The equities market segment of the Nigerian Stock Exchange (NSE) ended Monday’s trading session in negative territory, as the All-Share Index closed at 27,691.85 basis points, against 27,800.17 achieved on Friday, which represented a 0.39 per cent decline. Similarly, investors lost N52 billion in values as the market capitalisation closed lower at N13.472

Business

Equities market indices down amid Seplat, MTN, 17 others losses

Ihesiulo Grace 19 July 2019 0

Motolani Oseni The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached an all-time low of 27,864.49 due to selling pressure in Seplat, MTN Nigeria and 17 other equities. The equities market index lost 178.31 points or 0.64 per cent to close lower at 27,864.49 against 28,042.80 achieved the previous day. Similarly, the […]

Capital Market

Seplat proposes N9bn as dividend, returns to profit

Ihesiulo Grace 1 May 2018 0

Seplat Petroleum Development Company Plc directors have proposed the payment of an interim dividend of N9bn which represents NGN15 (US$D 0.05) per fully paid ordinary share, as against none proposed for 2017. The company listed on both the Nigerian Stock Exchange and London Stock Exchange, announced this on Monday when it released its un-audited first […]

Business Capital Market

Seplat reports 318% boost in 2017 yoy sales

Ihesiulo Grace 3 March 2018 0

Seplat oil development company plc has shown strong recovery in profitability as Q4 sales rose by 318% y/y to US$174m while Q4 PBT of US$46m compares with a loss before tax of -US$85m in Q4 2016; tax credit of US$224m provided significant boost to profitability The result to a large extent, reflected positives from undisrupted […]

Business Capital Market

13 gainers boost market cap by N38 billion.

Ihesiulo Grace 12 October 2016 0

The Nigerian Equities market continued on a positive on Tuesday as strategic positioning by investors ahead of third quarter 2016 financials releases prevailed. The Nigerian Stock Exchange (NSE) All Share Index (ASI) thus recorded an increase of 0.39 percent to 28,034.32 points from opening figure of 27,925.00 points. The day’s performance reduced the year to […]