Joseph Olaoluwa Seplat Petroleum Development Company Plc has appointed Emeka Onwuka as chief financial officer and executive director of the company. According to a notice filed with the Nigerian Stock Exchange on Friday, both appointments take effect from August 1, 2020. The board expressed confidence in Onwuka’s abilities, saying he would be a great addition […]
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SEPLAT taps top banker, accountant Onwuka, as finance chief, ED
Banker was GMD of acquired Diamond Bank in heyday Emeka Onwuka (CREDITS: Anderson Tax Nigeria) Seplat Petroleum Development Company Plc , the dual Nigerian Stock Exchange and London Stock Exchange listed Nigerian indigenous oil and gas company, has tapped top Nigerian banker and accountant, Emeka Onwuka , as its chief financial officer and executive director, […]
Zenith Bank, UBA, 9 Others Paid More Taxes In 2018
Zenith Bank, United Bank for Africa and 9 other deposit money banks in the country paid more to the government in taxes in 2018 compared to what they paid in 2017 as their profits soared at the end of the last financial year. According to LEADERSHIP investigation, the 2018 financial results of the banks showed […]
Access Bank rallies on merger completion
Access Bank Plc was the most active stock and the third highest gainer yesterday at the Nigerian equities market as investors sought to lock in into the first tier commercial bank, which consummated its merger with Diamond Bank Plc on Tuesday. The Nigerian Stock Exchange (NSE) had on Wednesday placed full suspension on Diamond Bank, […]
Equities Market Rebounds On Bargain Hunting
Equities Market Lagos – After five consecutive trading days of bearish run, the Nigerian equities market rebounded yesterday when the two major indicators, the All Share Index and Market Capitalisation appreciated by 0.2 per cent each. In today’s trading session, the 5-day bearish run in the domestic equities market was The halt was as a […]
Cadbury Nigeria Plc on the losers chart despite blow out results
Gainers and Losers The Nigerian Stock Exchange ended the week on a slightly bearish note. The All Share Index opened at 31,142.72 basis points and closed at 31,139.95 basis points, down 0.01%. Year to date, the index is down 0.93%. 32 equities appreciated in price during the week, higher than 18 in the previous week. […]
Stock market investors lose N528bn in three days
Feyisayo Popoola Investors in the nation’s stock market lost a total of N5228bn in the last three consecutive days of trading on the floor of the Nigerian Stock Exchange. The market capitalisation, which opened the week at N11.672tn, shed N205bn to close at N11.467tn on Monday and lost N114bn on Tuesday to close at N11.353tn. […]
NSE suspends trading in Diamond Bank shares
Diamond Bank The Nigerian Stock Exchange (NSE) has placed trading in the shares of Diamond Bank Plc on full suspension effective Monday, March 20. But a statement yesterday from the Head, Listings Regulation Department, NSE, Lilian Dako, said the suspension is required to prevent trading in the shares of the Bank, to determine the shareholders […]
Equities continue decline with N121b loss
Nigerian equities continued on the decline yesterday, losing N121 billion in the fifth consecutive negative session. With more than three losers for every gainer, the overall market situation indicated continuing selloffs across the sectors. Benchmark indices at the Nigerian Stock Exchange (NSE) showed a decline of 1.02 per cent, equivalent to net capital depreciation of […]
Meet 2 Nigerian women appointed as directors of multinational companies
Folakemi Fadahunsi and Chizoma Okoli are the new directors of the UACN Property Development Company (UPDC) and Access Bank Plc, respectively. Folakemi Fadahunsi and Chizoma Okoli are the new directors of multinational companies (canva) The companies made the announcement this week. Fadahunsi is the Chief Financial Officer (CFO) and Director of the real estate company. […]
