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Seplat Energy Post 71 Percent Rise in Q2 Revenue to $527 Million

… declares US$ 2.5 cents dividend per share……… Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has reported a rise of 238% in its half year 2022 profit before tax (PBT) to $209.9m from $62.1m year-on-year. The company also maintained a strong balance sheet with $350m cash at ...

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Forced Retirement : NNPC Top Management Turndown Offers

There are strong indications that some top management staff of NNPC Limited which includes Directors and General Managers that have been forced to retire as the new NNPC restructures are now being lured with top positions and seizable salary packages to join some of the indigenous Nigerian independent oil companies. companies. The companies offering to employ the NNPC top management ...

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Group Launches Scheme to Enable Nigeria Achieve 2060 Net-Zero Objective

The Society for Planet and Prosperity (SPP) has concluded plans to launch a new project titled “Top 10 Measures for Nigeria to Reach Net Zero” aimed at mapping 10 key steps and decisions that, if taken in the next years, will underpin a socio-economic transformation required to enable Nigeria to meet the government’s 2060 net-zero objective. The project launch, which ...

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Diversification : Investment in Tech Lift Eko BankT Half Year Profit by 24 Percent

Ecobank TransNational Incorporated (ETI) has attributed the 24 per cent increase in Profit Before Tax (PBT) in its half-year (H1) operations to the bank’s diversification exercise and massive investment in technology within the period. The bank achieved a 24 per cent rise in PBT to $261 million, in addition to a return on tangible equity of 19.5 per cent. Reviewing ...

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Sahara Group’s SAPET GAS Makes Historic Sail into Cote D’Ivoire to Promote Energy Transition

The Ivorian National shores welcomed a whiff of clean energy as SAPET GAS, the pioneer Liquefied Petroleum Gas (LPG) vessel to be named under Ivorian origin and carry the national flag, made its historic maiden voyage to Cote D’Ivoire. Commissioned last May in Ulsan, South Korea, the 23,000 cubic metre capacity vessel which cost CFA 26 billion was received by ...

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Sahara Group’s SAPET GAS Makes Historic Sail into Cote D’Ivoire to Promote Energy Transition

The Ivorian National shores welcomed a whiff of clean energy as SAPET GAS, the pioneer Liquefied Petroleum Gas (LPG) vessel to be named under Ivorian origin and carry the national flag, made its historic maiden voyage to Cote D’Ivoire. Commissioned last May in Ulsan, South Korea, the 23,000 cubic metre capacity vessel which cost CFA 26 billion was received by ...

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Stakeholders Call For Boost in Export to Enhance Economy

Stakeholders have called for improved export to boost the country’s economic performance. The stakeholders who attended a one-day sensitization programme organized by the Ministry of Transportation and the Nigerian Shippers Council (NSC) in Lagos, said increasing Nigeria’s export trade will help in bailing the economy out of the current crisis. The Chairperson of the Nigerian Ship Owners’ Forum, Magreth Orakwusi, ...

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Shell Invests In Jackdaw Gas field in the UK North Sea

BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year. Jackdaw will comprise a wellhead platform that is not permanently attended, along with subsea infrastructure which will tie back to Shell’s existing Shearwater gas hub. The project ...

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Chevron Nigeria Restates Commitment to Nation’s Zero Emission Goal

Chevron Nigeria Ltd. has restated its commitment to take deliberate actions in ensuring that the country attain its net zero carbon emission goal by 2060. Mr Victor Anyaegbudike, Communications Manager, Chevron Nigeria and Mid-Africa, said this at the Nigerian-American Chamber of Commerce (NACC) breakfast meeting in Lagos on Tuesday. The Business Intelligence (TBI Africa) recalled that President Muhammadu Buhari, at ...

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Gencos Produce 2,465.70Mw of Electricity

Seventeen Electricity Generation Companies (GenCos) produced 2,465.70Megawatts at 2pm yesterday. The Transmission Company of Nigeria (TCN) System Operator (SO) data portal that contained this, indicated that Afam IV&V (Gas) produced 50Mw with one unit of its plants. With two units of its plants, according to the data, Afam (Gas/Steam) also produced 50Mw. he data showed that Azura-Edo Independent Power Producer ...

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