Seplat Petroleum promises to sustain 72,000bpd of oil

By Anayo Korie Ag Energy Editor   Seplat Petroleum Development Company Plc, has vowed to sustain the production of over 72,000 barrels of crude daily it has attained since going public at both London and Lagos Stock Exchanges  respectively despite production challenges in Nigeria. The company’s opti... [More]

Investors scramble for Emerging Nigerian oil firm Seplat

Investors are betting on the emergence of a Nigerian made global brand or African champion in the oil and gas space with the scramble for shares of Seplat Petroleum Development Company, which raised $500 m in an initial public offer (IPO), last week. The deal valued the Nigerian oil and gas group at... [More]

Officials commend Seplat as LSE hosts oil firm

United Bank for Africa Plc says its profit after tax rose by 36.37 per cent to N12.59bn in the first quarter of 2014, from N9.23bn as of the fourth quarter of 2013. It added that in line with its pace of expanding credit support to the emerging sectors in Nigeria and Africa its loans and advances hi... [More]

Seplat: Success truly has many cousins

On Monday morning this week, the saying that success has many cousins and failure being an orphan played up in the Nigerian Stock Exchange (NSE). For this piece, the success is identified with Seplat Petroleum Development Company plc that did a dual listing on both the NSE and London Stock Exchange ... [More]

Seplat listing will boost oil sector –Standard Bank

Standard Bank has said the listing of Nigerian oil and gas company, Seplat Petroleum Development Company on the Nigerian and London Stock exchanges will go a long way in encouraging the development of the oil and gas industry. The bank said this in a statement on Tuesday, adding that it acted as the... [More]

Seplat listing may spur return of Nigeria IPOs – Oscar Onyema

A stock market debut by oil and gas firm Seplat in Lagos and London is likely unleash a round of initial public offerings (IPOs) in Nigeria after they stalled in the wake of a 2008 financial crisis, the head of the country’s bourse said. Oscar Onyema told the Reuters Africa Investment Summit h... [More]

Seplat to offer shares at N576 each

SEPLAT Petroleum Development Company Plc has announced the pricing of its initial public offering (the global offer) and its intention to publish. A statement by the company on Wednesday noted that the offer price had been set at N576 per ordinary share for shares to be listed on the Official List o... [More]