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]

‘Standard Bank can afford dividend payout’

Standard Bank Group Limited, Africa’s largest lender, may pay a special dividend of as much as 7 billion rand ($654m) after selling many of its overseas assets, according to RMB Morgan Stanley. “Standard Bank is finally in a position to release excess capital post the major restructuring... [More]