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Tag: Seplat Energy

How increased electricity access will drive investment - Seplat
Business

Seplat Energy reports N140.6bn gross profit

Seplat Energy Plc, the prominent Nigerian independent energy company, listed on both the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the first half of 2023. The company demonstrated robust growth with a 3.8% increase in revenue, reaching N278.3bn from N219.2bn year-on-year. Additionally, a gross profit of N140.6bn was […]

NIS restores Seplat CEO Roger Brown's immigration documents
Uncategorized

NIS restores Seplat CEO Roger Brown’s immigration documents

The Nigeria Immigration Service and the Ministry of Interior have stated that Seplat Energy’s Chief Executive Officer, Mr. Roger Brown,’s immigration documents have been restored. The company further stated that after the documents were restored, Mr. Brown was reinstated in his position as the company’s CEO. This was revealed in the company’s notice to the Nigerian Exchange Limited. The […]

How increased electricity access will drive investment - Seplat
Oil and Gas

Seplat Energy records 36.9% revenue growth despite crisis

Seplat Energy Plc, an indigenous oil exploration business, increased its revenue from $241.8 million to $331 million in the first quarter of 2023, a 36.9% increase. The Punch reported that the company’s core annual dividend aim was raised by 20% to US 12 cents with a quarterly dividend of three cents, according to its unaudited financial […]

Seplat Energy's logo
Business

Seplat Energy’s Q1 revenue hits 37%

Seplat Energy Plc’s first-quarter revenue increased by 36.9 per cent to N152 billion from N100.6 billion, while its gross profit for the period rose by 69 per cent to N91.1 billion from N48.8 billion in 2022. In its released financial report for the first quarter of 2023, Seplat Energy also reported a profit before tax […]

Seplat searches for new chairman after Omiyi's resignation
Appointments

Seplat searches for new chairman after Omiyi’s resignation

Seplat Energy Plc has announced preparations to begin a search for a new board chairman following the retirement of Mr Basil Omiyi. Omiyi made the announcement of his resignation as Seplat Energy board chairman in a statement on Tuesday. He also revealed the resignation of the firm’s Independent Non-Executive Director, Dr. Charles Okeahalam, from the […]

Controversy as Seplat disputes ExxonMobil deal cancellation
Business

Edo Assembly summons Seplat, others over land dispute 

The Management of Seplat Energy and leaders of the Orogho community have been summoned by the Edo House of Assembly on Monday regarding a land dispute. According to the News Agency of Nigeria, the community’s leaders had previously submitted a petition to the House, asking them to prevent Edo land from being given to Delta […]

Controversy as Seplat disputes ExxonMobil deal cancellation
Business

Seplat Energy boss Brown resigns after court order

The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from his job following the court’s order restraining him from running the organisation for seven days. A statement signed by the Chairman of the board of Seplat, Basil Omiyi, on Friday, reveealed that Brown has  given authority to the Chief Operating Officer, […]

Controversy as Seplat disputes ExxonMobil deal cancellation
News

Controversy as Seplat disputes ExxonMobil deal cancellation

Hours after the President, Major General Muhammadu Buhari (retd.), announced the withdrawal of the approval given to Seplat Energy to buy Mobil Producing Nigeria Unlimited’s shares, the company Thursday stated that it had not heard from the Federal Government on the reversal. According to The PUNCH, the company added that it was requesting clarification from […]

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