Lagos – The local bourse regained losses from earlier trading sessions to close slightly bearish, as sell-offs in market bellwethers outpaced last-minute bargain hunting activities. A total turnover of 1.198 billion shares worth N12.273 billion in 18,293 deals were traded last week by investors on the floor of the Exchange in contrast to a total […]
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 Baker Plc, […]
Feyisayo Popoola The nation’s equities market recorded its highest daily loss in eight months at the close of trading on the floor of the Nigerian Stock Exchange on Wednesday. Sell-offs drove the NSE All Share Index lower by a record 3.5 per cent to close at 32,292.79 basis points. The market capitalisation of listed equities […]
By Modupe Gbadeyanka The management of Seplat Petroleum Development Company (Seplat) has announced the listing of its $350 million 9.25 percent Senior Notes due 2023 on the International Securities Market of the London Stock Exchange (LSE). Business Post recalls that the Notes were issued on March 21, 2018 and listed on the Euro MTF market […]
Seplat Petroleum Development Company Plc has announced that its $350 million 9.25 per cent Senior Notes due 2023 have been listed and admitted for trading on the International Securities Market of the London Stock Exchange (LSE). The Notes were issued on March 21, 2018 and listed on the Euro MTF market of the Luxembourg Stock […]
Nigerian Stock Exchange (NSE) premium board listed companies fondly referred to as Nigeria’s elite issuers are industry leaders in their respective sectors. Following the release of their respective half-year financials business a.m . analyses their share price movement. Below are the performances of the respective companies: Dangote Cement Plc . was the quickest off the […]
By JEROME USHAKANG Seplat Petroleum Development Company Plc (SPDC) on Monday signed Shareholder Agreement and Share Subscription Agreement with the Nigerian Gas Processing and Transportation Company (NGPTC). The agreement is aimed at processing future wet gas production from the upstream unitised gas fields at OML 53 & OML 21, which is operated by Shell. The […]
Efforts by the Nigerian Stock Exchange (NSE), to woo multinational companies in the telecoms, and oil and gas sectors to list on the nation’s bourse may continue to ‘hit a brick wall’, unless government withdrew completely from private business. More so, regulators must interface with government to create appropriate regulation, tackle liquidity problem, and review […]
R oyal Dutch Shell subsidiary, Shell Petroleum Development Company of Nigeria Ltd (SPDC), yesterday said it has recovered more than 95 per cent of the oil from two spills that took place this year, although the pipeline that carries crude to the coast for export remains closed. The Trans Ramos pipeline, which carries some Forcados […]
SEPLAT CEO, Austin Avuru Seplat Petroleum Development Company Plc., operators of the NPDC/SEPLAT joint venture has concluded the seventh edition of its annual Eye Can See Corporate Social Responsibility (CSR) initiative, which held last month in Benin City. The Eye Can See programme is a health focused community engagement, which concentrates on bringing free and […]
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