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ARADEL ENERGY
There high investor interest in the major oil and gas stocks on the Nigerian stock market—Seplat Energy PLC (SEPLAT) and Aradel Holdings PLC (SPIRIT)—driven by surging crude oil prices, strong earnings, and favorable macroeconomic developments.
They say the stock market is a game of winners and losers, and last week proved just that....
ExxonMobil is downsizing its operations in Africa’s largest oil-producing nation as it moves to reduce its office space in Lagos while curtailing activities in Nigeria.