Seplat Energy, founded by Austin Avuru, propels Nigerian equity market to $228-million gain
Seplat Energy led a $228-million rally in the Nigerian equity market, with its stock surging 9.99 percent and boosting investor confidence across the board.
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Austin Avuru gains $51.1 million from Seplat stake in 2024
This comes despite the naira devaluation, reflecting the resilience of Nigeria’s energy sector.
Seplat seeks to raise output from 50,000 to 120,000 barrels per day by mid-year
As Seplat ramps up production, it aims to deliver long-term value to stakeholders while addressing Nigeria’s energy needs.
Seplat Energy acquires ExxonMobil Nigeria for $800 million
The deal strengthens Seplat’s leadership in the country’s energy sector and enhances its global standing.
Nigerian government approves Seplat’s $1.28-billion acquisition of ExxonMobil assets
Seplat Energy receives Nigerian Government approval for $1.28 billion purchase of ExxonMobil onshore assets.
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French giant buys Guinness Ghana, two years after acquiring glass maker from Algerian businessman
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