Seplat Awards N5b Shares To Three Directors

Seplat Awards N5b Shares To Three Directors

Seplat Energy Plc has announced that share awards have been granted to three top directors under its 2014 Long Term Incentive Plan (LTIP).  The beneficiaries include Mr Roger Brown, Chief Executive Officer, who was awarded 1,733,345 shares; and Mr Emeka...
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Sylva Lauds Seplat On Exxon Mobil Shares Acquisition

Sylva Lauds Seplat On Exxon Mobil Shares Acquisition

Minister of State, Petroleum Resources, Chief Timipre Sylva has commended Seplat Energy Plc on its recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation, Delaware, United States of America.&...
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FG, States, LGCs, share N725.571bn for March

FG, States, LGCs, share N725.571bn for March

The Federation Accounts Allocation Committee (FAAC), has shared the sum of N725.571 billion to the three tiers of government, as federation allocation for the month of March.  A statement issued by Mr Phil Abiawute-Mowete, Director, Information/Press, Fed...
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FG,  States, LGs Share N695b For February 

FG,  States, LGs Share N695b For February 

The Federation Accounts Allocation Committee (FAAC), has shared a total sum of N695.033 billion to the three tiers of government as federation allocation for February.  Mr Olajide Oshundun, the Deputy Director,  Information, Federal Ministry of Finan...
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FG, States, LGCs Share N699.8b

FG, States, LGCs Share N699.8b

The Federal Government, States and Local Government Councils (LGCs), on Friday, shared N699.824 billion as federation allocation for December, 2021.  A statement issued by Mr Oshundun Olajide, Acting Director, Information, Ministry of Finance, Budget and ...
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DMO’s Bond Auction Records  N300b Over Subscription

DMO’s Bond Auction Records N300b Over Subscription

The Debt Management Office (DMO) has revealed that the just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed.  In a statement on Thursday, DMO explained that the auction received a total of 160 bids, adding that...
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Opinion: Nigerian Shares Steady But  Dollar Sinks As Investors Digest Inflation Data

Opinion: Nigerian Shares Steady But Dollar Sinks As Investors Digest Inflation Data

By Lukman Otunuga, Senior Research Analyst at FXTM — Nigerian shares hovered around 2021 highs on Thursday, gaining over 4.4% year-to-datedespite the December U.S. inflation report reinforcing Fed rate hike expectations. The U.S. consumer price index (CP...
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BUA Foods Lists 18b Shares On NGX

BUA Foods Lists 18b Shares On NGX

BUA Foods has listed 18 billion ordinary shares at N40 per share on the Nigerian Exchange Ltd (NGX).    At the end of Wednesday transaction, the listing of BUA Foods’ shares by introduction under the Consumer Goods sector of the NGX added...
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FBN Drives Trading On NGX, Exchanges 605.01m Shares

FBN Drives Trading On NGX, Exchanges 605.01m Shares

FBN Holdings Plc (FBNH) emerged the most traded stock by volume on the Nigerian Exchange Ltd on Thursday.  Specifically, the company accounted for 605.01 million shares worth N8.90 billion.  Fidelity Bank followed with 20.59 million shares valued at ...
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NGX Group To List 1.96b Shares By Introduction

NGX Group To List 1.96b Shares By Introduction

The Nigerian Exchange Group Plc. (NGX Group) on Thursday confirmed its intention to list on the main board of the Nigerian Exchange Ltd. (NGX).  A statement sent to City Business News explained that the planned listing follows successful completion of...
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TotalEnergies To Buy Back $1.5b Shares

TotalEnergies To Buy Back $1.5b Shares

The management of French energy firm,   TotalEnergies, on Tuesday, disclosed plans to buy back $1.5 billion of its shares in the fourth quarter and boost its investment in renewable energy with the help of high oil prices.   “TotalEnergies is c...
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Half-Year: Seplat Posts $308.8 m Revenue, Declares 2.5 Cents Per Share Interim Dividend

Half-Year: Seplat Posts $308.8 m Revenue, Declares 2.5 Cents Per Share Interim Dividend

Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show that revenu...
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Elon Musk Loses $15b In A Day

Elon Musk Loses $15b In A Day

Elon Musk is no longer the world’s richest person after Tesla Inc. shares slid 8.6 per cent on Monday, wiping $15.2 billion from his net worth.Tesla’s decline was fueled in part by Musk’s comments over the weekend that the prices of B...
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Conoil Shareholders Okay N1.39b For 2019 Dividend

Conoil Shareholders Okay N1.39b For 2019 Dividend

For the year 2019, Shareholders of Conoil Plc have approved the payment of N1.39 billion dividend, amounting to 200 kobo on every 50 kobo ordinary share. The Shareholders gave the approval during the virtual 50th Annual General Meeting (AGM)&nbs...
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