- According to the London Evening Standard The first Nigerian company to have a dual listing in London and Lagos, Seplat Petroleum Development Company, raised £300.9 million on Thursday.
The stock market debut of the oil and gas group values it at £1.14 billion. It listed 26.4% of the company at 210p a share to raise money to pay down debt and make acquisitions. It is bidding for the stake in Nigerian oil blocks that Shell has put up for sale.
Chief executive Austin Avuru said: “The opportunities opening up in Nigeria for companies like ours are significant.” He said it aims to produce 85,000 barrels of oil and condensate a day by end-2016.
Conditional trading started yesterday and the shares dipped 3p to 207p. Unconditional trading starts on Monday and Seplat said there is an option to issue an extra 10.33 million shares.
*Wow...Nigerians be doing great things!
Mmm.... Daz kul! Stella u kn niqerians r known 4 both qud n bad thinqz. Wen we wanna do it, we do it well.
ReplyDeleteBLOG ANALYSER: Nice
ReplyDeleteGOOD COMPANY BETTER MANAGER LAGOS ISLAND BRANCH MY BROTHER WORKS THERE AND THE PAY IS GOOD.. SO I AM HAPPY THEY ARE MOVING FORWARD
ReplyDeletePlease me am interesed in buyin shares and I dont know how to go about it. Help a young lady out.
ReplyDeleteWhile some Nigerians are busy insulting Nigeria and her leaders on a daily basis (obviously being misled and egged on by people with dubious tribal and religious intentions), others are quietly taking steps to move things foward.
ReplyDeleteDangote raised billions outside Nigeria to build his refinery, Seplat is raising 100s of millions, while others will raise millions and 100s of thousands. Doesn't this show that hard nosed foreigners have more confidence in Nigeria than most Nigerians do. Please do not be deceived by old fashioned, narrow minded, enthno-religiously biased oppositions who are also busy feathering their nests as we speak.
Nigeria is slowly but surely turning a corner. Things have changed in the so called 1st world. They have no more natural resources, cost of labour is too high, taxes are too high, ridiculously stringent safety legislation, green party/conservationists/etc will drag you through the courts, impossible red tape and to cap it all, residents will kick against any development that will "obstruct their view of the green" or "affect the value" if their little box houses. Therefore, they have no choice but to invest in places like the MINT countries (Mexico Indonesia Nigeria Turkey).
Arrange yourselves well and see how you can take advantage of inward flow of investment (similar to how people took advantage early enough to set up NGOs during Babangida's time). Forget all this PDP/APC thing that will not add much to your bank balance. DO NOT GET LEFT BEHIND!
This is by far, the most constructive comment I have read on this blog! Kudos Diggah E.
DeleteThis is good news. I love being part of moving organisations. Stella, please, Any job opportunity there?
ReplyDelete@anon 10:11am please I would not mind if you can refer me to your brother @ Seplat. I checked up d site bt cldnt find where to drop my cv on d career tab. Been applying to several Petroleum companies but nothing heard from them. I studied Civil Engineering.
ReplyDeleteN.B
Will appreciate if anyone can be of help.
Here is my linkedin info
ng.linkedin.com/pub/olabisi-ogunleye/32/1b7/87a/
Submit to Hobark International - http://www.hobarkintl.com
Delete@Diggah E, I have submitted my resume @ Hobark International. I hope i get a positive response from them. Thank you very much.
ReplyDeleteOlabisi