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Seplat’s acquisition plan still on course, assures shareholders of capital appreciation

By Peter Egwuatu SEPLAT Petroleum Development Company Plc has explained that its plan for acquisition of plant to boost production is still on course, just as it assured shareholders of capital appreciation. The company also reiterated its commitment to stronger growth in the oil and gas sector. Seplat announced N228 billion revenue in its full year
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AACN pledges to enhance portfolio investment

By Nkiruka Nnorom ASSOCIATION of Assets Custodians of Nigeria, AACN, has expressed commitment toward improving and promoting activities of portfolio investors in the country. AACN President, Mrs. Taiwo Sonola, made the commitment at a one-day investors’ conference, tagged: “Nigeria: The Economics of the Capital Market”, saying that the potential of Nigeria’s economy is enormous and
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CBN

Heritage Bank promotes CBN’s sustainable development in business operation

HERITAGE Bank Plc has continued to make positive impact in the implementation of the Central Bank of Nigeria, CBN, initiative on Nigeria Sustainable Banking Principle, NSBP, by given its backing to greener environment in order to deliver positive development effects to society and business, whilst protecting the communities and environs in which it operates and the customers.

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Economic growth remains weak at 2% in Q1’19-Analysts forecast

AHEAD of    today’s    release of the data on Nigeria’s Gross Domestic Product ,GDP, for the first quarter of 2019 (Q1’19), by the Nigeria Bureau of Statistics (NBS), analysts forecasts indicate that the pattern of    weak economic growth performance, recorded in 2018, continued in Q1’19, with GDP growth rate of around 2.05 percent, as inconsistent government spending, budget delay and election hiccups undermined impact of high crude oil price, increased foreign exchange inflows and marginal monetary easing during the quarter.

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Planned listing by MTN excites shareholders

Ahead of its listing on the Nigerian Stock Exchange, NSE, MTN Nigeria last week completed the registration of its securities with the Securities and Exchange Commission, SEC, and also obtained approval from the Commission to list its shares, thereby putting an end to years of waiting by domestic retail investors. Shareholders spoke on the proposed listing, saying that it is exciting development. Excerpts:

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