March 7, 2025/United Capital Research Anglophone West Africa (WAEMU) Nigeria FG plans $122bn investment to diversify energy sources The Federal Government has announced plans to secure a total investment of $122.20bn to diversify the country’s energy sources, reduce dependence on the national grid, and enhance the overall stability and sustainability […]
Author: InvestAdvocate
Nigeria’s Private Sector Activities Expand Further in February
March 7, 2025/CSL Research The latest Stanbic Purchasing Managers’ Index (PMI) report indicates that the private sector has strengthened for the third consecutive month. February data shows improved growth momentum across the Industry, Agriculture, and Services sectors. The composite PMI rose to 53.7 in February, up from 52.0 in January, […]
Seplat Energy Plc Earnings Report: Profits Surge 347% on Strategic Acquisition in FY:2024
March 7, 2025/InvestmentOne Report notably the transformative acquisition of Mobil Producing Nigeria Unlimited (MPNU), now Seplat Energy Producing Nigeria Unlimited (SEPNU). Total revenue for FY:2024 increased significantly by 136.99% to NGN1.65trn from NGN696.90bn in FY:2023, driven by higher oil production volumes and contributions from the newly integrated SEPNU assets. Excluding […]
