Seplat Petroleum

The Nigerian equities market commenced trading for the week on a high, sending the All Share Index upward by 0.33 per cent on Monday. The ASI gained 131.82 basis point up to 40,571.67 basis point from the 40,439.85 basis point it closed…

Seplat Petroleum Development Company Plc rekindled hopes in the third quarter with an elevated performance that sparked a rebound from two preceding quarters of losses. The company’s falling revenue sprang up a clear 29 per cent…

Seplat Petroleum Development Company Plc has broken the high speed at which it built a huge loss in the first quarter of 2020. Its audited accounts for the half-year ended June 2020 show that it incurred a loss of N3 billion in the second…

OMOTAYO ARAOYE Seplat Petroleum Development Company Plc, the Nigeria’s leading indigenous energy company has reported a revenue shortage of 34.2 percent in its half year (H1) 2020 financial result. The company’s consolidated H1 financial…

Seplat Petroleum Development Company closed deep in the red for the first quarter of 2020, as impairment loss alone was more than four times its gross profit. A running growth in impairment losses on financial assets last year took off to…

OMOTAYO ARAOYE Seplat Petroleum Development Company Plc Tuesday has informed the general public about its closed period starting from Wednesday, 1st April through to Thursday, 30th April. The leading Indigenous Nigerian Oil…

Seplat Petroleum Development Company finished the 2019 trading in line with our expectation that building profit on tax saving will be the summary of the company’s operating story for the year. As expected, two years of sustained growth in…

Seplat Petroleum Development Company is depending on tax credit rather than revenue growth for strength to build profit in the 2019 financial year. The company’s report for the third quarter operations in September affirms our…

By CHUKWUMAH KELECHUKWU.  Nigerian equities market booked the highest monthly losses of N636.8billion in June less barely a month after the listing of MTN Nigeria shares on May 16, 2019, dashing expectations that the telecom firms would…

The total financial flows from Nigeria’s oil and gas sector in 2016 was the lowest in a decade and the fifth lowest since the return of democracy in 1999, the latest Nigeria Extractive Industries Transparency Initiative (NEITI) Oil &…