Seplat

Equities on the Nigerian Stock Exchange generally posted their fifth consecutive daily gains on Thursday as leading stocks including Seplat, Dangote Cement and MTNN propelled the N325 billion upward drift.

Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 per cent.

A Federal High Court in Lagos yesterday refused an oral application by an oil firm Seplat Petroleum Development Company, seeking access to its accounts and offices which were shut by court order.

The banking sector inspired the All-Share Index to gain 105.48 absolute points, representing a 0.30% growth to close at 35,147.62 points, Market Capitalization appreciated by N55.17 billion, representing a growth of 0.30% to close at N18.364 trillion.

The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks.

A new chapter will be added to Nigeria’s oil industry history on Tuesday, 24 November, when President Muhammadu Buhari will commission the Waltersmith 5,000 barrels per day modular refinery at Ibigwe, Ohaji/Egbema local government area of Imo State. This will no doubt boost the image of the Muhammadu Buhari government which has always been a butt of attacks for importing fuel, despite the country’s huge hydrocarbon deposits.

Host communities of Seplat Petroleum Development Company Plc in Edo and Delta States have urged the company to gradually put an end to gas flaring to reduce the health implications on residents around the installations and environs.

The Oben Communities of Orhionmwon Local Government Area, Edo State have demanded an end to gas flaring by Oil and Gas Producing Companies in the area.

A traditional ruler in Edo, King Odoligie Ogiemwonyi, has charged the management of Seplat Petroleum Development Company Plc., to increase investments in the host communities of the company, to make life worth living for citizens.

The Nigerian Stock Exchange (NSE) key market indicators on Wednesday sustained positive rally, appreciating by 0.50 per cent due to monetary policy rate cut to 11.5 per cent.

The Nigerian Stock Exchange (NSE) on Friday moved 419.66 million shares worth N3.79 billion in bullish trading.

The Nigerian Stock Exchange (NSE) has announced the upgrade of its whistleblowing platform, X-Whistle.

Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.

The Nigerian National Petroleum Corporation, NNPC, Thursday, said it has concluded plans to rehabilitate and build new plants, as all the four refineries are currently down, thus forcing the government to import petroleum products from the global market.

Trading on the nation’s bourse returned to the negative territory on Friday with key market indices declining by 0.35 per cent.

Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable growths and returns to shareholders.

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday inched lower by N152 billion, amid sell pressure in 27 stocks.

Mgbala Agwa community in Oguta Local Government Area of Imo state has been thrown into tension following a clash between the military and the youths of the area.