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 […]
Tag: XNSA_SEPLAT
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, […]
Top 10 highest earning CEO’s in Nigeria
The responsibility of piloting a firm’s affairs and ensuring profitability often rests squarely on the shoulders of the Chief Executive Officer (CEO). Agreed, running a company is never a task that can be accomplished by just one person. But that notwithstanding, CEOs are the ones at the helm of affairs. As such, they take most […]
6 Banks Dominate Losers’ Chart on NSE
Chika Amanze-Nwachuku Eighteen stocks, including six financial institutions-Unity Bank Plc, Fidelity Bank, First City Monument Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Plc and Wema Bank Plc dominated losers’ chart at yesterday’s trading on the Nigerian Stock Exchange (NSE). Other equities on the losers’ chart were Transcorp Plc, Cadbury Plc, May and […]
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, […]
Seplat seeks more investment in safety as it reduces flares by 95%
Seplat Petroleum The public and private sectors have been advised to double their investments in research and development. Seplat Petroleum Development Company Plc made this suggestion, while advising that these investments should be tailored in line with safety promotion. According to Seplat Petroleum , such research investment should not be limited to the oil and […]
Sell-off persists on NSE, as index plummets further by 0.7%
[FILES] Nigerian Stock Exchange (NSE) By The Nigerian Stock Exchange (NSE) yesterday plunged further by 0.7 per cent, extending bearish run to a third consecutive session amid sustained sell-off. The All-Share Index (ASI) yesterday, dipped by 209.41 absolute points, representing a decline of 0.67 per cent, to close at 30,829.45 points. Similarly, market capitalisation shed […]
Analysts bullish on Unilever, Seplat shares, others
INVESTMENT analysts in the capital market have expressed optimism on the possibility of shares of Unilever Nigeria Plc, Seplat Petroleum Development Company, and Eterna Plc performing well this year and recommended them for a buy. According to analysts at Cowry Asset Management, the stocks have an upside potential of 162.30 percent, 50.80 percent and 47.90 […]
Seplat Petroleum: Profit drops on tax expense reappearance
Seplat Petroleum Development Company has closed its 2018 operations with after tax profit down by 45% to N45 billion against a 500% advance in pre-tax profit to over N80 billion. A shift from a huge deferred tax credit in the preceding year to a tax expense in 2018 accounted for the profit drop, obscuring somewhat […]
NSE-ASI Marginally Falls By 0.01% W-o-W
The Nigerian equities market closed marginally in negative territory amid sustained profit taking activity as investors continued to patronise fixed income assets. The decline in overall market performance was partly subdued by partial recovery in the share prices of Dangote Cement and Zenith Bank, amid technical marked down for dividend. The benchmark index posted losses […]