Connect with us
nairametrics

Business

Seplat Petroleum announces retirement of 2 directors

Seplat Petroleum Development Company Plc has announced the retirement of two of its directors.

Published

on

Seplat Petroleum

The board of indigenous upstream oil exploration and production firm, Seplat Petroleum Development Company Plc, has announced the retirement of Mr. Michael Alexander and Mrs. Ifueko Omoigui Okauru as directors, with effect from January 31, 2021.

This disclosure was made in a notification sent to the Nigerian Stock Exchange (NSE) by Seplat and signed by its Company Secretary and General Counsel, Mrs. Edith Onwuchekwa, on Thursday, November 12, 2020.

READ: HealthPlus crisis: Partners allegedly attempt take over at head office despite court order

According to the statement from Seplat, which is titled “Corporate Announcement on Retirement of Two Board Directors”, Mr. Michael Alexander, who is a Senior Independent Non-Executive Director, was appointed to the board in June 2013, while Mrs. Ifueko Okauru, who is an Independent Non-Executive Director, was appointed to the board in March 2013.

While stating that for the past 7 years, the 2 outgoing directors had served the board meritoriously, deploying their multi-facetted experiences towards the growth of the organization, Seplat said that it remains grateful for their immense contributions to the board and the company.

GTBank 728 x 90

READ: Group Executive Director, others acquire over 3.5 million shares of United Capital Plc

Also in a related development, the statement disclosed that the Board of Directors of Seplat is pleased to announce that Mr. Basil Omiyi, who is an Independent Non-Executive Director, will become the Senior Independent Non-Executive Director with effect from February 1, 2021.

The notice read, “Omiyi joined the Seplat Board in 2013 after a 40-year career at Royal Dutch Shell, during which time he occupied a number of senior roles in Nigeria and Europe including Managing Director, Shell Petroleum Development Company of Nigeria Ltd., and Country Chairman of Shell Companies in Nigeria.’’

Coronation ads

READ: Zoom is 3 times bigger than Nigeria’s Stock Market Capitalization

This announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules and Rule 9.6.11 of the UK Listing Rules.”

Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

1 Comment

1 Comment

  1. Me

    November 12, 2020 at 6:09 pm

    Please bro, I want to ask if this seplat is the the same seplat in alAwarra/Assa ohaji/egbema LGA, Imo State

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

Terrorism: Nigeria records 39.1% reduction in deaths – GTI Report

Nigeria has recorded a 39.1% reduction in terror-related deaths, according to the 2020 Global Terrorism Index (GTI) report.

Published

on

The 2020 Global Terrorism Index (GTI) report, published annually by the Institute for Economics and Peace (IEP), based in the United States, indicates that terrorism incidents in Nigeria fell by 27% in 2019.

This represents the lowest level of terrorism in Nigeria since 2011, with terrorism deaths in Nigeria reduced to 1,245 last year – a 39.1% dip from the 2,043 deaths recorded in 2018.

Despite the overall decline in terrorism in Nigeria last year, the country is still ranked as the third most impacted country in the world by terrorism, a position it has maintained for five consecutive years since 2015.

According to the latest annual GTI report, Afghanistan and Iraq are respectively the first and second most affected countries by terrorism.

Highlights of the report

GTBank 728 x 90
  • The decline in both terrorism incidents and deaths in Nigeria is attributed to a significant reduction in violence by armed Fulani herdsmen.
  • The armed herdsmen are being held accountable for majority of terror-related deaths in 2018, with the latest GTI report showing a 72% decline in fatalities attributed to the herdsmen last year.
  • Terror-related deaths and incidents attributed to Boko Haram in Nigeria increased by 25% and 30% respectively from the prior year.
  • Over the past year, Boko Haram increased attacks on military targets, with deaths rising from 26 in 2018 to 148 in 2019.
  • Globally, deaths from terrorism fell in 2019 to 13,826. This represents a 15% dip from the previous year and the fifth consecutive year of decline since peaking in 2014.
  • Conflict remains the primary driver of terrorism, with over 96% of deaths from terrorism in 2019 occurring in countries that are already in conflict.

What you should know

  • GTI report is published annually by the Institute for Economics and Peace (IEP) based in the United States.
  • The GTI report, now in its eighth year, ranks 135 countries according to how they are impacted by terrorism. The indicators used by the GTI include the number of terrorist incidents, fatalities, injuries and property damage.
  • Boko Haram, the deadliest terrorist group in Nigeria ranks second in the world, behind the Taliban in Afghanistan.
  • There are 63 countries in 2019 that recorded at least one death from a terrorist attack and 17 countries that recorded over 100 deaths from terrorism. However, only Afghanistan and Nigeria recorded over 1,000 deaths and both countries had significant reductions in the number of people killed in 2019.
  • Globally, the report estimates the economic impact of violence, including military, homicide, incarceration and terrorism to be $14.5 trillion in 2019. This is the equivalent of 10.6% of global GDP. The global economic impact of terrorism alone was estimated to be $26.4 billion last year.
  • There are emerging new threats of politically-induced terrorism in North America, Western Europe, and Oceania, though with minimal fatalities.

Continue Reading

Business

FG, organized labour meeting over petrol, electricity tariff increase postponed to Monday

The meeting between the FG and Labour unions over petrol and electricity tariff increase has been postponed to Monday.

Published

on

ASUU, NSITF, FG moves to scrap hazard allowances earned by State Governors

The meeting between the Federal Government and the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) which was slated for Thursday following the recent increase in the pump price of petrol and electricity tariff has been postponed to Monday.

The change in date is to allow the federal government to consult properly on the pump price of petrol with organized labour insisting on the reversal of the price.

According to a report from Channels Television, this decision was reached after both parties had reconvened on Thursday evening, days after it was said the labour leaders walked out of an earlier meeting with the federal government on the same issue.

The Minister of Labour and Employment, Dr Chris Ngige, while addressing the meeting in Abuja, said, what happened on Sunday was not a walkout but a recess and that both the government and the labour unions were working on making the country better.

While giving assurances that the government would make sure that resolutions reached would be for the benefit of the Nigerian people, the Secretary to the Government of the Federation, Boss Mustapha, thanked the labour leaders for their show of patriotism, stressing that what happened on Sunday was a recess and not a breakdown of discussions.

GTBank 728 x 90

Ajaero, who represented the NLC President, Ayuba Wabba, who was absent at the meeting, disagreed with the remarks of the labour minister and the SGF that the last meeting was a recess, insisting that it did not end peacefully.

Other government officials present at the meeting include the Minister of State for Labour and Employment, Festus Keyamo; the Minister of State for Petroleum Resources, Timipre Sylva; and the Minister of Humanitarian Affairs, Sadiya Farouk.

What you should know: Nairametrics had reported that the organized labour had suspended their planned nationwide strike and protest in September following an agreement reached with the Federal Government in which the new petrol pump price should remain unchanged and a 2-week suspension of electricity tariff.

Coronation ads

They also agreed to set up a technical committee on electricity tariff reforms to look at the justification of the new policy in view of the need for the validation of the basis for the new cost-reflective tariff.

However, following another increase in petrol price a few weeks ago, the NLC criticized the government’s action and said it was a breach of an agreement with the government during their previous negotiations.

While saying that the union will not accept such arbitrary increases in the petrol pump price, the NLC President asked the government to revert to the old price.

Continue Reading

Business

No unregistered sim on our networks since September 2019 deactivation – Pantami

Pantami has disclosed that there is no improperly registered SIM on any network in the country since 26th of September 2019 deactivation.

Published

on

SIM. Social media accounts monitoring, FG completes 11 projects to drive Digital Economy, FG orders NIPOST to stop cash transactions , Pantami moves to ban automatic voicemail service by telcos  , Why Nigeria’s Data woes may not end soon , Pantami reacts to CBN’s ATM fee cut, keeps mute on directive to cut data cost , Pantami condemns FIRS move to collect stamp duty, MTN, Airtel, others disregarding Pantami’s voicemail, data directives on all front , FG warns State governments against RoW charge increase, FG reiterates commitment towards implementing broadband strategy ,FG reiterates commitment to 75% broadband penetration in 5 years , Pantami tasks Youth on developing creative and entrepreneurial digital skills

The Minister of the Federal Ministry of Communications and Digital Economy, Dr. Isa Pantami has disclosed that there is no improperly registered subscriber identification module (SIM) on any network in the country since the 26th of September 2019 deactivation.

This statement was made by Dr. Isa Pantami, according to the information contained in the press statement issued by Dr. Femi Adeluyi, Technical Assistant on Information Technology to the Minister.

READ: FG launches digitalizing of inmates registration and legal processing – Aregbesola

According to the information contained in the statement, the minister disclosed that based on the report submitted by the Nigerian Communications Commission (NCC), there is currently no improperly registered SIM on any Nigerian network.

He added that in the event of evidence to the contrary, the Honourable Minister will sanction any individual or institution found wanting.

GTBank 728 x 90

READ: We are working to clear N124 billion backlog of export claims – NEPC

Furthermore, Dr. Pantami wrote to all security agencies on the 14th of October 2019 asking them to collaborate with the Ministry, and reach out whenever a crime has been aided and abetted through the use of telecommunication devices.

The minister added that no request by security agencies for assistance in the identification of owners of SIMs used for crime has gone untreated in his office.

Coronation ads

READ: NCC sets up portal for dissatisfied customers of MTN, Glo, others to lodge their complaints

What you should know

In a similar vein, the Honourable Minister has directed the NCC to ensure that they put modalities in place to tie the National Identify Number (NIN) to SIMs, as well as see to it that no unregistered SIMs are sold.

The Minister has also directed the National Identity Management Commission (NIMC) to significantly scale up the number of monthly NIN registrations.

READ: Over 2.2 million unregistered telephone lines blocked

Jaiz bank ads

However, Dr. Pantami recently presented a Draft National Policy on Digital Identity for Internally Displaced Persons (IDPs) at the Federal Executive Council (FEC) which took place on the 11th of November, 2020.

Stanbic IBTC

The memo was approved and will support in the provision of Digital IDs for Nigerians, thus assisting in the implementation of the Policy to tie NINs to SIMs.

Continue Reading