FG YET TO TAKE DECISION ON NNPC’S PUBLIC LISTING

The Federal Government has not taken a precise decision on the proposed listing of the stocks of the Nigerian National Petroleum Corporation (NNPC) on the Nigerian Stock Exchange (NSE) or any other stock exchange. According to authoritative sources within the ministry of petroleum resources, the proposal to list the stocks of NNPC on the exchange after its restructuring as contained in a new draft national oil policy has not yet been approved by the government.

Readmore @ Thisday Online

TOTAL NIGERIA REPORTS 10% H1 PRE-TAX PROFIT DECLINE

Total Nigeria Plc has posted 10 per cent drop in profit before tax for the half year ended June 2015. In a filing with the Nigerian Stock Exchange (NSE), the company’s pre-tax profit declined from N2.178 billion during the comparable period of 2014 to N1.967 billion, accounting for a drop of 10 per cent. Gross earnings of the fuel marketer also dipped to N111.974 billion from N120.157 billion in the previous year.

Total had reported 79 per cent drop in net earnings for the first quarter ended March 31, 2015.

Read more @ New Telegraph

TOTAL NIGERIA DECLARES N2 DIVIDEND

French Oil giant, Total Nigeria Plc has declared an interim dividend of N2.00 per share to investors of the company for the period ended September 30, 2014.

According to a statement with the Nigerian Stock Exchange (NSE), the company said closure date is 1st-5th December, 2014 and payment date has been scheduled for December 15, 2014.

Read more @ Nigerian Tribune

EXXONMOBIL ENERGY OUTLOOK SERIES

L-R (IMG 0131): Amarauche Ezukanma, Power Sector Group, Zenith Bank Plc; Enyinnaya Onokala, Executive Director, Business Development, Mobil Producing Nigeria; and G.O Akinluyi, Chairman, Humanitex Nigeria Limited during the ExxonMobil Energy Outlook Series event in Lagos recently.