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2023 Q2: Total Energies Plc Reports 14.12 Percent Growth in Pre-Tax Profits

……… ….. ……by Victor Egbo….. Total Energies Marketing Nigeria Plc reported its 2023 second-quarter results showing pre-tax profits grew by 14.12% year on year, reaching N7.052 billion. This took half-year pre-tax profits to N13.476 billion versus N12.733 billion in the same period last year. Key Highlights Q2 2023 vs Q2 2022 Revenue 325 billion +25.06% YoY Cost of sales N119.301 ...

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Access Bank Moves Against Seplat Energy’s Co-Founder Orjiako Freezes Accounts and Taking Over Assets

Access Bank has instituted a law suit against Seplat Energy Co-founder, Bryant Orjioko over his indebtness to the bank. A federal high court in Lagos granted an ex-parte order freezing the bank accounts of Orjiako, who is also the ex-chairman of Seplat Energy Plc, over his alleged indebtedness to Access Bank Plc. Nicholas Oweibo, the presiding judge, made the order ...

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Seplat Majority Shareholders Uphold the sanctity of of Half Year Result

………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 ...

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Seplat Energy’s Gas Revenue Grows to $63.7 Miillion Year-on-Year

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. ...

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AMCON Recovers N1.6 Trillion in 10 years – MD

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 ...

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CBN : FG Turns Searchlight on Financial Activities of NNPCL, NPA and Others

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 ...

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Chevron Post $6 Billion Profit for Q2 Setting New Production Record of 770,000 BPD

……. 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 ...

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NNPCL Profit Hits N674.1 Billion Being Highest in 46 Years of Operation Further Dispelling Misinformation over Financial Activities

………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 ...

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