After a report condemned its move to appoint a foreign Chief Executive Officer, SEPLAT Petroleum Development Company has defended its decision to name Roger Brown as CEO. The firm insisted that the appointment was in compliance with the Nigerian Content Development Act "All the activities of SEPLAT as a corporate citizen are in fulfilment of…

The plan by the management of Seplat Petroleum Development Company to replace the outgoing Managing Director/Chief Executive Officer, Austin Avuru, with a Briton negates Section 30-36 of the Nigerian Oil and Gas Industry Content Development Act..

The bulls regained some strength at the end of yesterday’s transactions on the equities sector of the Nigerian Stock Exchange (NSE), occasioned by price gains in medium and high cap stocks...

Sell pressure, arising from profit taking in the shares of some highly capitalised stocks, especially Seplat and Total Nigeria pulled the index further by 0.3 per cent.

Following price loss incurred by most blue-chip stocks, the Nigerian Stock Exchange (NSE) reversed the three days gaining streak to close on a downturn yesterday, as the All-Share Index declined by 0.4 per cent.

Mr. Austine Avuru is the Co-founder/Chief Executive Officer of Seplat Petroleum Development Company Plc. In this interview with HELEN OJI, he enumerated the economic gains of gas-generated power, as well as how the company’s huge investment in gas, especially the recent $700 million project, would enhance profitability and shareholders’ value. What are the key attractions…

Seplat Petroleum Development Company Plc has described the Assa North-Ohaji South (ANOH) gas processing project as bankable and capable of boosting Nigeria’s domestic gas supply significantly. A Seplat team led by the company’s chief executive officer, Austin Avuru, while giving a presentation on the company’s gas business to investors, sector and financial analysts during its…

Rising profit-taking impact negatively on transactions at the Nigerian Stock Exchange (NSE), occasioned by losses suffered by some bellwethers, causing market capitalisation to depreciate further by N63 billion.     Specifically, at the close of trading yesterday, the All-Share Index (ASI) shed 141.08 absolute points, representing a dip of 0.45 per cent to close at…

Expectations of improved economic outlook, ahead of the 2019 inauguration ceremony yesterday, spurred activities on the equity sector of the Nigerian stock Exchange yesterday (NSE), as the bellwethers recorded price appreciation, causing investors wealth to soar significantly by whooping N490 billion. At the close of transactions Tuesday, the All-Share Index (ASI) gained 1,112.29 absolute points,…

The Nigerian equities market yesterday experienced a turnaround with the market capitalisation improving by N490 billion or 3.68 per cent ahead of the May 29 inauguration. Specifically, the All-Share Index improved by 1,112.29 points or 3.68 per cent to close at 31,307.00, against the 30,194.71 recorded on Monday. Similarly, the market capitalisation inched N490 billion…

The bears strengthened their hold on the equity sector of the Nigerian Stock Exchange (NSE), following continued sell-off witnessed across virtually all the sectors, causing market capitalisation to plummet further by N23 billion.   Yesterday, the All-share Index (ASI) fell by 61.68 points or 0.22 per cent to 28,422.76 points. Accordingly, investors lost N23 billion…

Domestic gas supply in Nigeria is set to increase by about 300 million standard cubic (MSCF) daily through the Asa...