Seplat seeks synergy to boost economic prosperity in Edo, Delta
Chairman of Seplat Petroleum Company Limited, Dr. A.B.C. Orjiako, at the weekend, sought synergy with Edo State Governor, Godwin Obaseki and its partners in Delta State to boost the economic prosperity of the states. Orjiako, who stated this during visit to Obaseki and tour of the firm’s facilities in Edo and Delta states, thanked the…
Seplat investigates oil spillage in Delta
Seplat Petroleum Development Company Plc yesterday disclosed that it received a complaint from five households at Okpe and Sapele in Delta State, indicating the presence of hydrocarbons in their shallow water wells. The company’s General Manager in charge of External Affairs and Communications, Dr Chioma Nwachuku, said in a statement that an emergency response was…
Bellwethers push investors’ fortunes by N134 billion
The Nigerian equities market closed upbeat yesterday, occasioned by gains in most blue-chip stocks, as investors gained N134 billion.
Bulls increase traction as market index rise further by N40 billion
Transactions on the equity sector of the Nigerian Stock Exchange (NSE), sustained a rising profile yesterday, as more blue-chip stocks appreciated in price, resulting in a further increase in market capitalisation by N40 billion.
Unity Bank, GTB, others lift NSE’s index by N186b
Following price gains by most blue-chip stocks, especially Unity Bank, and Guaranty Trust Bank (GTB), transactions on the equities sector of the Nigerian Stock Exchange...
Stock market index slump further by N151 billion
Transactions on the Nigerian Stock Exchange (NSE) continued on a downturn yesterday, as more bluechip stocks depreciated in price, resulting to a further decrease in market capitalisation by N151 billion.
Brown's appointment did not breach Nigerian law, says Seplat
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…
‘Seplat contravenes local content policy with foreign MD’
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..