As investors react to GDP, earnings results STOCK market investors have continued repositioning their portfolios following the release of a positive Gross Domestic Product, GDP, last Thursday showing fourth quarter 2021 economic growth at 4.0 percent and full year at 3.4 per cent, the highest since 2014. Consequently, the Nigerian Exchange Limited, NGX, All Share […]
Tag: XNSA_SEPLAT
Stock Market Close Lower on Profit-taking in Seplat, 17 Others
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed transactions on a negative note, as investors’ sell-off in Seplat Petroleum Plc, 17 other stocks down the market by 0.01 per cent. Specifically, the NGX All-Share Index declined by six basis points or 0.01 per cent to close at 47,262.61 basis points […]
Stock Market Gains N579bn in First Week Trading
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) maintained its positive trend last week as foreign and high network investors continued to take position in stocks with attractive dividend yields ahead of 2021 financial year dividend declarations. The stock market of NGX appreciated by N579billion in first-week trading in February as foreign […]
Nigerian oil company raises funds
The issue of bonds worth NGN 60 billion called on experience from across Nigeria’s legal and finance sectors. Nigerian energy company Ardova has issued NGN 60 billion (USD 146 million) in bonds as part of a debt issuance programme, raising funds for expansion and its working capital. Headquartered in Lagos, Ardova operates downstream retail and […]
NLNG, Seplat for 2021 AfriSAFE awards
Top petroleum companies in Africa, Seplat Petroleum Development Company Plc, and Nigeria Liquified Natural Gas Limited (NLNG) are among the leading organisations to bag the the Africa Safety Awards for Excellence (AfriSAFE) taking place in Lagos on Friday, November 12. The event holds at Oriental Hotel, Victoria Island by 4pm. AfriSAFE Chief Executive Officer, Femi […]
Seplat Chairman, ABC Orjiako gains N14.66 billion in 8 months
The Chairman of Seplat Energy Plc, Dr Bryant Orjiako has made a total of N14.66 billion in 8 months through his shareholding in the company. Ambrose Bryant C. Orjiako currently holds 37,818,522 units of Seplat Plc shares, which is 6.43% of the total shares outstanding listed on the Nigerian Exchange. The majority of his gains […]
NGX closes mildly negative from mixed trading with market cap at N19.72trn
The Nigerian equities market closed mildly negative on Tuesday after recording a bearish outing in the previous trading session, leaving the benchmark index down by 0.002 percent on 37,857.24 points while market capitalisation and its year to date loss remain unchanged at N19.72 trillion and -6.0 percent, respectively. Just as was recorded at the opening […]
Nigeria equities reverse loss with trading upbeat in DangSugar, FCMB, Union Bank
An upbeat in trading activities in the shares of Dangote Sugar (+4.2%), Union Bank (+3.7%), and FCMB (+8.1%) on Tuesday helped to claw back losses in the domestic equities market resulting in a gain of about N31 billion as market capitalisation rose to N19.623 trillion from N19.592 trillion recorded in the previous day’s close. The […]
Seplat Petroleum Development Company changes name to Seplat Energy Plc.
The Nigerian Exchange Limited has notified trading license holders, investors and other relevant stakeholders of the implementation in the change of name of Seplat Petroleum Development Company Plc (the Company) to Seplat Energy Plc. The recent development is in line with the consensus reached at the recently concluded Annual General Meeting of the company held […]
NGX Oil and Gas Index outperforms other major market indices
Out of the 5 major indices of the Nigerian Exchange Group (NGX), the NGX Oil and Gas Index recorded the highest positive movement to reflect a growth of 38.28% in Half Year 2021. Albeit slight, the NGX Consumer Goods and NGX Insurance Indices recorded growth of 5.12% and 3.04% respectively, However, the NGX Banking Index […]