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MTN reports $672m profit in 2018, to list shares in Nigeria

UGO AMADI

TN Group reported a 110 percent growth in profit after tax (PAT) in 2018 driven by strong growth in voice, data and fintech revenue, according to its financial results for the year ended December 31, 2018. The telco grew PAT to R9.6 billion ($672.6 million) in 2018 from R4.6 billion a year earlier. Earnings before interest, tax, depreciation and amortization (EBITDA), which is a measure of a company’s operating performance, grew 2.7 percent to R48.2 billion.

Seplat recorded $746million 2018 , pays $0.05 dividend

….Operating profit stood at $310million

UGO AMADI

Seplat Petroleum Development Company Plc., a leading Nigerian indigenous oil and gas company, listed on both the Nigerian Stock Exchange and London Stock Exchange has announced a final dividend at a rate of US$0.05 (United States Five Cents) per Ordinary Share with a record of $746million revenue in 2018.

ALL ON offers scholarship to 120 solar entrepreneurs in the Niger Delta through Rubitec academy

All On, a Shell-funded off-grid energy impact investment company, will be funding scholarships for up to 120 professionals affiliated to the Niger Delta. The scholarship is designed to subsidize the cost of off-grid energy training programs provided by Rubitec Academy, the training arm of RUBITEC Solar; a leading solar energy company in Nigeria.

..felicitates with new NDDC board

Traditional rulers under the aegis of the National Executive Council of Traditional Rulers of Oil Minerals Producing Communities of Nigeria (TROMPCON) has urged the Federal Government to allow the Niger Delta Development Commission (NDDC) to be independent and operate within the ambit of the act establishing it.

Nigeria, India pledged to work closely to enhance energy security of both countries

The consensus came on the heels of a visit in Abuja of the Indian High Commissioner to Nigeria, His Excellency, Abhay Thakur, to the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, a release by the corporation’s Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, has said.

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