APC Raises Alarm over Plot to Transfer CP Ogunsakin

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•Felicitates With Gov. Amaechi on Security Award

The All Progressives Congress (APC), Rivers State Chapter, has raised the alarm over plans by the Presidency to transfer the State Commissioner of Police, CP Tunde Ogunsakin, just at a time he is beginning to settle down in the State.  

“We are reliably informed that arrangements have been concluded by the Presidency and the ruling Peoples Democratic Party (PDP) to redeploy CP Ogunsakin barley three months after his transfer to Rivers State just because he has refused to play their deadly politics since he assumed office and instead demonstrated that he is a core Police Officer. We will like to reiterate that we will resist the transfer of CP Ogunsakin through every legal means available to us. We need peace in Rivers State and the current Commissioner of Police has demonstrated that he is thorough Police Officer and we are okay with his efforts to sustain the peace in Rivers State. We don’t need another CP Mbu an obvious PDP member in Rivers State to take us back to the terrible route we only survived by the grace of God” APC State Chairman, Dr. Davies Ibiamu Ikanya, said in a statement issued in Port Harcourt.

APC in the statement commended Governor Chibuike Rotimi Amaechi on the extra mile his administration has gone to drastically improve the security situation in the State and congratulated him for winning the 2014 Best Governor on Security in Nigeria Award by the organisers of the Nigeria Security Profile Award (NISPA).  

“This is an award well deserved considering Governor Amaechi’s giant strides in the area of security,” Rivers APC said. The party recalled that as at the time Rt. Hon. Amaechi assumed office as Governor in 2007, the State capital, Port Harcourt, was a war zone where only the fittest survived.

 

According to APC, “The Port Harcourt that Amaechi inherited was more like a jungle where the fittest determined the fate of lesser animals. The once glamorous city was ranked among the four most dangerous cities in the world as at that time. The human resources unit of New York-based Marsh & McLennan Cos. had ranked Port Harcourt with Baghdad, Yemen’s capital of Sana’a and Khartoum in Sudan, as the world’s most dangerous cities. Going by the ranking published by Bloomberg, Port Harcourt ranked with Baghdad as one of the world’s most dangerous cities for foreign workers as criminal gangs and militia groups seeking greater control of energy revenue stepped up attacks. 

“For Amaechi to have rescued Rivers State from the menace of militancy demonstrates that he is a leader ahead of his peers, so NISPA is well justified to bestow this award on a well deserved recipient.” 

APC advised the Federal Government to humbly understudy Amaechi and borrow from his methods and tactics so as to check the frightening rate of insecurity in the country. As explained by the party, “To achieve the peace in Rivers State, Amaechi apart from motivating the security organs in the State also ensured that they are properly trained and have the best modern security gadgets with which to do their work. As a result, throughout the year 2012 there was no single kidnapping or armed attack in any part of Rivers State. For the administration of President Jonathan to demonstrate its disdain for the peace in Rivers State, CP Joseph Mbu and misguided Nyesome Wike, the Supervising Destroyer of our Education Sector, were unleashed on the State to ensure that Port Harcourt is taken back to its pre-2007 era when it was ranked as one of the deadliest cities to stay, but we thank God for giving Amaechi the wisdom to handle the situation and for sending CP Ogunsakin to correct the mess created by CP Mbu.”

 

Rivers APC appealed to the Jonathan administration to sallow its pride and listen to Governor Amaechi and others who have proffered workable solutions to the worsening menace of Boko Haram. “The Boko Haram insurgency is worsening by the day because of the blatant refusal by the visionless leadership at the centre to learn from Gov. Amaechi. They have continued to portray themselves as confused lots, with the President and his wife fighting for recognition over who is fighting the menace of Boko Haram by setting up two different Committees on the same issue,” Rivers APC said. 

It recalled that Governor Amaechi had during the event instituting Port Harcourt as the World Book Capital for 2014 identified education and vigorous promotion of agriculture as the sure way to tackle the Boko Haram challenge and enhance security in Nigeria. 

Rivers APC also advised the Federal Government to listen to the wise counsel of people like Amaechi on the issue of State Policing. According to the party, “As Amaechi recently did point out; most states are spending a lot of money improving the police which are not under their control. States can use the same resources to fund their own police. Only those with something to hide are afraid of State Police”.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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2014 World Cup: Rivers APC Backs Keshi’s Super Eagles List, Says Team Will Do Well in Brazil

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The Rivers State Chapter of the All Progressives Congress (APC) has thrown its weight behind the provisional list of players for the Brazil 2014 World Cup drawn up by Coach Stephen Keshi and released by the Nigeria Football Federation (NFF).
 
“This would have been a perfect list if not for the exclusion of in-form striker Ikechukwu Uche, but we respect the position of Keshi, who insists that Uche would divide the team if invited. We believe that the coach knows better. It is better to sacrifice one player than to jeopardise the interest of the entire team and the entire country,” Rivers APC Chairman, Dr. Davies Ibiamu Ikanya, said in a statement issued in Port Harcourt.
 
The party commended Keshi and his assistants for pardoning repentant Osaze Odemwingie, who has rediscovered his scoring form in the very competitive English Premiership.
 
“With the inclusion of Osaze and other key players we are convinced that if the Keshi and his assistants select the right players for each match when the World Cup kicks off in Brazil in June, we can become the first African team to reach the semi-final of the World Cup,” Rivers APC said.
 
It appealed to all Nigerians to pray for the success of the Super Eagles during the World Cup “since football is not only a unifying factor among Nigeria but also the only thing that gives the masses joy in these days of suffocating hardship arising from the misrule of the visionless PDP-led government of President Goodluck Jonathan, whose only bright spot has been in the sports sector”.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Inclusive Growth: AfDB Wants Nigeria, South Africa, Kenya to Synergise

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The African Development Bank (AfDB) has advocated appropriate synergies between Nigeria, South Africa, and Kenya to engender an economic growth that is inclusive in the region.
 
By the recent GDP rebasing, Nigeria is currently Africa’s largest economy as well as the dominant economy in the West Africa sub-region, while South Africa is the continent’s second largest and the biggest in the Southern Africa sub-region, just as Kenya is the biggest economy in East Africa.
 
AfDB’s Chief Economist, Prof. Mthuli Ncube, who was a panelist on "Driving Competitiveness through Cooperation, Integration and Economic Growth" at the ongoing World Economic Forum (WEF) on Africa, in Abuja yesterday, said the region’s growth was positive, regretting however that this had been blighted by inequalities.
 
According to him, appropriate synergies between Nigeria, Kenya and South Africa would help to drive down the present average poverty rate of 48 per cent in the region.
 
"These three economies— Nigeria, Kenya, South Africa and Egypt, when they come up, must inter-tie and must work together to drive African Economy," he said, adding  that the informal sector of the economy where the small businesses are high should be supported.
 
In his remark, the Chairman, KMPG Global Africa Practice, Mr. Seyi Bickersteth, said effort must be focused on improving an intra African trade at 12 per cent presently, adding: "For us to have a positive growth, we need to integrate, get rid of the guys in borders to reduce cost and time of business and movement.”
 
Border checks, he said, remained a major hindrance to free movement of goods in the region, even as he pointed out that the energy challenge was another problem that should be addressed headlong to help businesses that have the potential of creating jobs and driving down inequality.
 
Bickersteth applauded Nigeria’s policy of privatising its  energy sector as a step in the right direction, arguing that private sector participation was critical to propel the sector.
 
According to him, private sector participation would drive different market forces as well as help reduce corruption.
 
"Our political leaders have to step down their egos and provide enabling environment for private sector to play a major role," he said.
 
In his contribution, the Acting Chief Executive Officer, Business Unity, South Africa, Also, Cas Coovadia,  said there was no reason why the three economies of Nigeria, South Africa and Kenya should not integrate, stressing that Nigeria’s hosting of the WEF was a great opportunity.
 
He said that leaders should copy initiatives that had worked positively in individual economies and replicate to bring positive economic growth.
 
While calling for the efficient and effective management of the large natural resource deposits in the region and the intensification of the fight against corruption in many African countries, Coovadia said: "We need efficient private sector participation, enhanced infrastructure and ensure accountability.”
 
“The opportunity is there, Nigeria has huge business sector, we need to get together and see how to drive the economy of Africa to create jobs," he said, and called for an improved education sector.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: AMCON Appoints Advisers for Sale of Mainstreet Bank

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The Asset Management Corporation of Nigeria (AMCON) has appointed Barclays Africa Group Limited and Afrinvest as financial advisers for the divestment of its shareholding in Mainstreet Bank Limited.
 
The corporation also appointed Banwo and Ighodalo as legal advisers on the divestment.
 
The corporation disclosed this in a notice titled: “Invitation for Expression of Interest for the Acquisition of AMCON’s Shareholding in Mainstreet Bank Limited.”
AMCON owns 100 per cent of the share capital in Mainstreet Bank and other subsidiaries of the financial institution.
 
The corporation is also in the process of selling Enterprise Bank Limited, another bank which it also owns wholly.
 
Mainstreet Bank as at December 31, 2013, had nine subsidiaries; and a distribution network made up of 201 branches, nine cash centres and 200 Automated Teller Machines.
 
Based on the consolidated management accounts of the Group as at December 2013, total assets were N330.2 billion and customer deposits were N155.8 billion.
 
“Interested buyers (eligible entities or consortia) should indicate their interest by submitting an Expression of Interest (EOI). Prospective buyers are required to submit their EOI in English and titled “Expression of Interest for the Acquisition of Mainstreet Bank Limited.”
 
“The EOI should be sent not later than Friday May 16, 2014.”
 
According to AMCON, upon the receipt and evaluation of the EOI, a shortlist of buyers, who in its view are deemed to be fit and suitable from a regulatory perspective (amongst other things), would be prepared and would proceed to the first phase of the transaction.
 

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: UBN Appoints Adviser for Divestment of Subsidiaries

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Read Time:1 Minute, 48 Second
Union Bank of Nigeria Plc has appointed financial advisers that will guide the bank on  the best option for  divesting its non-banking subsidiaries.
 
The divestment is in compliance with the Central Bank of Nigeria (CBN) regulation for all banks to divest from their non-banking subsidiaries and focus on their core areas of expertise.
 
The bank notified the Nigerian Stock Exchange (NSE) yesterday that it had appointed financial advisers for the purpose of the divestment. However, Union Bank did not mention the names of the advisers.
 
According to the bank, it had resolved that shares in its subsidiaries, with the exception of Union Pension Custodian Limited, which the Board resolved should be wound up, would be divested.  On the other hand, Union Bank UK Plc, which  will be retained as the only subsidiary of the bank.
 
Union Bank disclosed that it had already held discussions with the CBN and interested investors had carried out in-depth due diligence exercises while  rigorous bidding processes had been conducted with a view to selecting the preferred investor for each subsidiary.
 
“Preliminary steps are being taken to wound up Union Pension Custodian Limited while preferred bidders have been selected for Union Homes Savings and Loans Plc, Union Assurance Company  Limited and Union Capital Markets Limited and share purchase agreements have been executed with a view to making formal applications in respect of the transactions to all regulatory bodies,” the NSE quoted the bank as saying.
 
It was gathered that Union Bank  will undertake the same processes for divestment from Union Registrars Limited, UBN Property Limited and the rest of the subsidiaries in due course.
Meanwhile, trading at the stock market remained positive for the second day  with the NSE All-Share Index (ASI) appreciating by 0. 28 per cent to close at 38,579.39. Similarly market capitalisation added N35 billion too close N12.7 trillion.
The market recorded 25 gainers against 21 losers. Top gainers included: Mobil  Oil Nigeria Plc (7.4 per cent), Seplat Petroleum Development Company Plc  (5.0 per cent).
 

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: MTN Foresees Naira Devaluation in 2015

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Read Time:3 Minute, 17 Second
The MTN Group Limited anticipates that the naira will be devalued after next year’s election, saying that the move will boost its import costs in Nigeria.
 
Declining oil exports and prices means that the Central Bank of Nigeria (CBN) will face difficulties in keeping the naira stable against the dollar before the February 14, 2015 vote, Bloomberg quoted MTN Nigeria’s Chief Financial Officer, Andrew Bing to have said in an interview in Lagos.
 
The official peg may have to be lowered by three or four percent, he said.
Mr. Godwin Emefiele, who becomes the CBN governor in June, had told the Senate in March that a devaluation of the naira is “not an option” and would be “devastating” for the economy.
 
“No matter what Godwin wants it has to happen, otherwise this economy in a year will be down the tube,” said Bing, 49, who is leaving his position for a sabbatical at the end of this month.
 
“I don’t think it will happen this year,” he said.
 
A devaluation would be “politically unpalatable” and it may rather happen “after the election,” Bing said.
 
The central bank spent the most reserves this year in the foreign-exchange market since 2010 to shore up the naira after it tumbled to a record low in late February against the dollar.
 
The CBN targets a range for three per cent point above or below N155/$1 at its twice-weekly currency auctions. The currency gained 0.1 per cent to N161.85 per dollar at the interbank market yesterday.
 
Changing the naira’s peg would make imports more expensive for MTN, Bing said.
The company has 57.2 million subscribers in Nigeria, which is Africa’s most populous country and has its biggest economy. 
 
Caption: MTN logo
MTN Foresees Naira Devaluation in 2015
Nume Horsefall with agency report
 
The MTN Group Limited anticipates that the naira will be devalued after next year’s election, saying that the move will boost its import costs in Nigeria.
 
Declining oil exports and prices means that the Central Bank of Nigeria (CBN) will face difficulties in keeping the naira stable against the dollar before the February 14, 2015 vote, Bloomberg quoted MTN Nigeria’s Chief Financial Officer, Andrew Bing to have said in an interview in Lagos.
 
The official peg may have to be lowered by three or four percent, he said.
Mr. Godwin Emefiele, who becomes the CBN governor in June, had told the Senate in March that a devaluation of the naira is “not an option” and would be “devastating” for the economy.
 
“No matter what Godwin wants it has to happen, otherwise this economy in a year will be down the tube,” said Bing, 49, who is leaving his position for a sabbatical at the end of this month.
 
“I don’t think it will happen this year,” he said.
 
A devaluation would be “politically unpalatable” and it may rather happen “after the election,” Bing said.
 
The central bank spent the most reserves this year in the foreign-exchange market since 2010 to shore up the naira after it tumbled to a record low in late February against the dollar.
 
The CBN targets a range for three per cent point above or below N155/$1 at its twice-weekly currency auctions. The currency gained 0.1 per cent to N161.85 per dollar at the interbank market yesterday.
 
Changing the naira’s peg would make imports more expensive for MTN, Bing said.
The company has 57.2 million subscribers in Nigeria, which is Africa’s most populous country and has its biggest economy. 

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: Fitch Rates Diamond Bank’s Senior Debt ‘B(EXP)’

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Global rating agency, Fitch Ratings has assigned Diamond Bank Plc's United States dollar senior debt notes an expected Long-term rating of 'B(EXP)' with a recovery rating of 'RR4(EXP)'.
 
The recovery rating, according to the agency was in accordance with its soft cap for Nigeria. The structure of the notes is not yet finalised, and the final rating is contingent upon the receipt of final documents conforming to information already received.
 
It stated that the rating is aligned with Diamond's Long-term Issuer Default Rating (IDR) of 'B/Stable', which it had affirmed on March 4, this year.
 
The rating is sensitive to a change in Diamond's Long-term IDR. The recovery rating is also sensitive to a change in Fitch's assumption regarding recoveries in the event of a default, it added.
 
Shareholders of Diamond Bank Plc had last month endorsed the plan by the bank to raise $500 million additional capital in its quest to raise its tier 2 capital by $750 million. The fund would be raised through a rights issue in the ratio, terms, conditions and dates to be determined by the directors, subject to regulatory approvals.
 
The bank had explained that it had already raised about $250 million out of $750 million.
 
The bank’s Group Managing Director/Chief Executive Officer, Dr. Alex Otti had said the fund would enhance Diamond Bank's operations as well as its expansion drive.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: Group Launches African Economic Data Service

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The Exchange Data International (EDI), a provider of global securities data, has announced the launch of its latest service, the African Economic Data Service (AFED), which it termed an unrivalled reference source of macro-economic and financial data for all 54 countries in Africa.
 
A statement from EDI’s Anais Bresle explained that for the first time, the new service provides AFED’s clients and subscribers – anyone who has an interest in Africa, with direct access to a comprehensive suite of Africa centric economic and financial data.
 
Furthermore, it stated that AFED combines EDI‘s 20 years’ experience in data aggregation and delivery with the expertise of analysts specialising in African political and economic sovereign risk.
 
The macroeconomic database currently covers more than 15,000 key economic and financial data indicators captured from 89 multilateral sources.
 
These include investment real GDP by sector, domestic and external debt, grants, consumer prices, employment figures and industry related indicators such as gold and car production.
 
“AFED reports these figures as published by the source leaving clients the choice to adjust if required. AFED is the only database that enables clients to efficiently compare sources on the same indicator; all data collected is normalised and classed into thirteen main groups (e.g. national accounts, inflation, prices, wages, politics, government and society etc).
 
In addition to the macroeconomic data, EDI has also grouped a number of its established datasets under a Capital Market module, providing subscribers with detailed African market data in one dedicated place.
 
This module comprises equity and listed bond prices, credit ratings, fixed income reference data, stock exchange indices, forex and Interest rates.
 
The Chief Executive Officer, EDI, Jonathan Bloch, was quoted to have said: “In recent years, EDI has seen a growing interest in its African coverage of equities and bonds and noticed a gap in the market for a consolidated source of macroeconomic data to support investment decisions.
 
“This project required a lot of in-depth research to ensure the final product not only delivers in terms of coverage but also ease of use.”
 
Continuing, it pointed out that for organisations and individuals already with or seeking an African footprint, and who understand the need for quality information in order to make good decisions, AFED provides direct access to standardised, consolidated, comprehensive, collated and clear  data of both depth and accuracy derived only from trusted, named sources.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: Okumagba Elected President, Chartered Institute of Stockbrokers

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Read Time:1 Minute, 55 Second
The Chartered Institute of Stockbrokers (CIS), which the professional umbrella body for stockbrokers in Nigeria, has elected the Group Managing Director of BGL Group, Mr. Albert Okumagba  the new president and chairman of Council of the institute.
 
The election of Okumagba followed the expiration of the tenure of Mr. Ariyo Olushekun at the conclusion of the 19th Annual General Meeting of CIS last week. The institute said in a statement that its Governing Council met and elected new principal officer with Okumagba as president and chairman of Council. Oluwaseyi Abe was elected first vice president and Mr. Adedapo  Adekoje  second vice president.
 
Also, five new council members were elected to fill some vacancies. They are: Mr. Lawal Abubakar, Mr. Ayoleke  Adu; Oluwole  Adeosun; Mr. Okechukwu  Unegbu,  and Mrs. Nkoli  Edoka.
 
The new president, Okumagba, is also  the Chairman; of BGL Securities Limited, BGL Asset Management Limited, BGL Private Equity Limited, I-skill Limited, and Immersion Marketing Strategies (IMS) Limited.  He is also a member of the board of directors of NASD Plc.
 
Prior to joining BGL, he was Manager and Head of Mergers and Acquisitions at Centre- Point Bank Plc (now Unity Bank Plc). vHe holds Bachelor of Science Degree in Economics from the University of Ibadan and a Master of Science Degree in Economics specialising in Monetary Economics, from the University of Lagos. He has attended several courses in multilateral agency credit appraisals, World Bank assisted projects, and corporate finance.
 
The first vice president, Abe is an Executive Director with Magnartis Finance & Investment Limited. He has over 21 years Investment Banking experience spanning the money and capital markets, treasury and investment banking, asset management, corporate finance, wealth creation and pension management. He has a B.Sc degree from the University of Ife, an M.Sc from the University of Lagos, and an MBA degree.
 
Adekoje is the Managing Director, Professional Stockbrokers Limited. He attended Baptist Academy, Lagos, Centre for Business Studies, Greenwich London and North –East London polytechnic (now East London University).
He obtained Master of Science degree from University of Hull, Hull England. He is a member, Certified Pension Institute, Institute of Directors, Nigerian Institute of Management (Chartered) and Chartered Institute of Marketing, London.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: Seplat Named WEF Global Growth Company

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The World Economic Forum (WEF)  has named SEPLAT Petroleum Company Development Company Plc,  a Global Growth Company.
 
With this recognition, SEPLAT joins a vibrant community of the world’s most dynamic, influential and high-growth companies.
 
Commenting on the rationale behind SEPLAT’s recognition as a Global Growth Company, David Aikman, Managing Director and Head of the New Champions at the World Economic Forum said “When choosing entrants to our Community of Global Growth Companies, we assess companies on their business model, annual revenues and growth rates, executive leadership and market position.
 
SEPLAT is a dynamic group with clear potential to shape the future in its relevant business sectors and so is a perfect fit to our GGC community.
 
The recognition is coming a few weeks after the company’s very successful and over-subscribed IPO, which raised over $500m on both the Nigerian and London Stock Exchanges.
 
The company has also just announced the signing of a fifteen-year gas supply contract with an Independent Power Plant underpinning  the expansion of Seplat’s domestic gas business and  the company’s organic growth.
 
This contract will leverage SEPLAT's additional $300m investment in gas to boost power supply.
 
SEPLAT has, in the space of 4 years, steadily emerged as a global brand and player owing to its phenomenal growth trajectory, experienced management and strict adherence to Corporate Governance Best Practices which the company underlines as the bed rock of its existence and pivotal to the sustainability of its growth aspirations.
 
Chairman of SEPLAT, Dr ABC Orjiako, who is a participant at the World Economic Forum, Africa taking place in Abuja,  said “the award is both recognition and validation of the significant strides we have made at SEPLAT, which has led to our clear emergence as a highly focused oil and gas company heralding a new era in the Nigerian oil and gas industry. We are humbled by the recognition which we believe will spur us on to greater achievements.”
 
SEPLAT Petroleum Development Company Plc, the operator of the NPDC/ SEPLAT Joint Venture (OMLs 4, 38 and 41) , is a publicly quoted Nigerian Exploration and Production independent company.
 
The company listed simultaneously in Nigerian and London Stock Exchanges in April 2014.
 
With an average gross gas production of 99 million standard cubic feet per day in 2013,  and Oil & Condensate production of 60kbpd, Seplat projects to triple its gas production by end 2016 through massive investments in processing and delivery infrastructure.
 
SEPLAT is also targeting gross operated oil production of 85 Mbopd from its existing assets by the end of 2016.
 
The Community of Global Growth Companies (GGC) is composed of rapidly growing emerging multinationals  and  founded in late 2007 and currently has more than 360 members globally from all sectors.
 
Members of the GGC Community convene every year at the Chinese-hosted Annual Meeting of the New Champions and at the World Economic Forum’s regional meetings, and collaborate through the private area of the World Economic Forum's website, an exclusive online networking platform for business and government leaders.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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