FINANCING

………Express Confidence In Management…… A group consisting of shareholders with major stake in Nigeria’s indigenous oil giant, Seplat Energy has vouched for the authenticity, sanctity and correctness of the company’s half-year results, which reported stellar performance. The group, Eagle Eye shareholders of Seplat Energy, also expressed confidence in the management’s capability to deliver superior returns and place the organization on ...

Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has within a year experienced a 10.2 per cent gas revenue, reaching $63.7 million in 6M 2023 (compared to $57.8 million in 6M 2022). This growth is attributed to increased realised gas prices and a rise in sales volume. ...

The Asset Management Corporation of Nigeria has said it recovered N1.6tn from bad debtors in 10 years of its existence.This was disclosed in a statement signed by the Head of Corporate Communications Department, AMCON, Mr Jude Nwauzor, on Tuesday titled, ‘AMCON, NIFU indispensable agencies in the revival of Nigeria’s financial system – Hon. Justice Tsoho’.According to the statement, the Managing ...

The federal government has now turned a special searchlight on the NNPCL and NPA as the probe on CBN commences. The government had appointed a Special Investigator to probe the CBN after the suspension of the Governor, Godwin Emefiele and has now extended the same investigation to cover the financial activity of the Nigerian National Petroleum Company Limited, Nigeria Port ...

… H1 gross profit hits N140.6bn and declares US 3 cents Q2 dividend per share …….. by Ben Ndubuwa…… Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, announces its unaudited results for the six months ended 30 June 2023, recording a rise in revenue by 3.8 per ...

……. as Eimear Bonn replaces Pierre Breber as second female CFO in 140 years of Chevron……. …….by Ben Ndubuwa…….Oil giant Chevron has announced second-quarter profit of $6 billion setting a new production record of 770,000 barrel per day. Though this profit represent a drop from industry-wide record profits seen for the same period last year. However, the results beat analyst ...

The balance in the Excess Crude Account has remained stagnant at about $474m in the last two years despite remittance of N907bn to the Federal Account Allocation Committee by the Nigerian National Petroleum Company Limited. The NNPCL had resumed remittances to FAAC in June after failing to do so due to huge fuel subsidies expenses. According to a communiqué issued ...

………by Ben Ndubuwa………. There are strong indications that the NNPC Ltd has started showing stronger financial outings and a cleaner financial book as fresh facts emerging from the operations of the NNPC Ltd. have provided new insight into the activities of the company, affirming that the firm actually made a whopping profit of N674.1 billion in 2021. This new fact ...

PHOTO : From left: Corporate Relations’ Policy & Advocacy Manager, Shell Nigeria, Abubakar Ahmed; Managing Director, Shell Nigeria Gas, Ralph Gbobo; Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote; Permanent Secretary, Ministry of Petroleum, Ambassador Gabriel Aduda; Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo); Mrs. Elohor Aiboni; Minister of Planning and Economic Diversification, Republic of ...

The Ondo State Investment Summit will serve as opportunity to attract investors to explore the untapped natural resources, electricity market, solid minerals, and the state deep seaport. Engr. Razaq Obe, Ondo State Commissioner for Energy and Mineral Resources who doubles as the Chairman of the summit, made this known on Wednesday during a press conference in the state capital. The ...