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Seplat holds onto dividend

Gas prices remaining flat last year meant Seplat revenue stayed at three-quarters of what it was in 2019, much better than many others in the industry
Seplat holds onto dividend
  • Seplat to pay out total 2020 dividend of 10¢, the same as last year
  • Profits hit by impairments and low oil price

Nigeria oil and gas producer Seplat Petroleum Development Company (SEPL) has recorded a $32m (£23m) operating loss because of the collapse in oil prices last year, but managed to hold onto its dividend and positive operating cash flow.

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