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SEPLAT: Global Dynamics Support Medium Term Growth Expectations
We value Seplat at #1,706 per share, representing a 21% upside from its current selling price of #1,430, hence, we issue a BUY recommendation. Our valuation is based on three methodologies which include;…
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Nigeria’s Quest to Start Local Oil Refining and its Implications
Without subsidy payments, the decline in the expected open market price of PMS will be marginal with the full operation of the Dangote refinery. This is given that coastal cost and freight charges…
