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Seplat Energy Declares US3 Cents Interim Dividend Amid 59.3% Dip in PBT

Seplat Energy Plc has announced that it would pay its shareholders and interim dividend (H1’2023) of United State Three Cents (US3 Cents), despite a sharp decline in Profit Before Tax (PBT) in H1’2023. The Company’s financial statement made available on...
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Rising Food and Energy Prices Drive Nigeria’s Inflation to 22.79% in June’23

Headline Inflation Rising prices of food items, occasioned by petrol subsidy removal, among others, have driven the rate of inflation to an all-time high, 22.79% compared with 22.41% in May’23. According to the latest Consumer Price Index (CPI), report by...
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Like the Biblical Dry Bone, Nigeria’s Capital inflow can Rise Again if…  

According to the #Nigeria Bureau of Statistics (NBS), the total #capital importation into Nigeria in Q1 2023 stood at $1,132.65 billion, a 28% decrease compared to $1,573.14 billion recorded in Q1 2022. When compared to the preceding quarter, the nation’s...
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Nigerian Equities Gained 3.40% as Investors Traded 9.8 Billion Shares in One Week

The Nigerian Equities Market last week added 340bps as activity level skyrocketed by 191.81% WoW. The NGX All-share Index & Market Capitalization appreciated by 3.40% to close at 63,040.41 points and N34.33 trillion from 60,968.27 points and N33.20 trillion respectively....
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Nigerian Equities Market Closes H1’23 in the Green, NGX All-Share Index Up 298bps.

The Local Bourse closed H1’2023 in the positive territory, as the NGX All-share Index & Market Capitalization appreciated by 2.98% to close at 60,968.27 points and N33.20 trillion from 59,206.63 points and N32.24 trillion respectively. Year-to-Date return stood at 18.96%...
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