June 5, 2017/SEC The Securities and Exchange Commission (SEC) is to revoke the registration of about 400 Capital Market Experts or Professionals who do not comply with the directive to provide updated information of their companies/firms by July 31, 2017. According to a circular from SEC, “any firm whose […]
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Seplat Petroleum Devt Company Q4 2016 & Q1 2017 Results Review – A Change in Fortunes on the Cards
Culled—-Proshare June 5, 2017/FBNQuest Research Outperform rating maintained Seplat Petroleum Development Company’s (Seplat) Q1 2017 results were hurt by disruptions to the third-party operated Trans Forcados System (TFS), the company’s major export pipeline route. Seplat posted a loss before tax of –US$18.3m. This marked the fifth consecutive quarter of losses. […]
NIPCO Gets SEC’s Approval to Buy-out Mobil Shareholders
Culled—Proshare Monday, June 05, 2017 1.34PM / Thisday Following the successful acquisition of 60 per cent equity stake of Mobil Oil Nigeria Plc by Nipco Investment Limited (NIL) from ExxonMobil Oil Corporation, the company has applied to regulators to acquire additional shares from minority shareholders. The financial transaction, which is […]
