More Nigerian Oil Firms Opts For Dual Listing

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The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has said that more indigenous oil companies are opting for Dual Listing at the Exchange.

Onyema said that after the successful listing of shares of Seplat Petroleum Development Company Plc on the London Stock Exchange (LSE) and the Nigerian Stock Exchange (NSE) in 2014, more companies in the downstream oil & gas Exploration and Production (E&P) sector have indicated interest to be listed.

The CEO who made the disclosure at NSE/LSEG dual listing conference in Lagos, said there has also been expression of interest from companies with less representation on the Exchange, especially the telcos and utility firms.

Seplat was the first indigenous Nigerian company to dual list its ordinary shares in London and Nigeria after an Initial Public Offering (IPO) that raised as much as $500 million, an equivalent of N82.5 billion, thereby valuing the company at $1.9 billion.

The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has said that more indigenous oil companies are opting for Dual Listing at the Exchange.

Onyema said that after the successful listing of shares of Seplat Petroleum Development Company Plc on the London Stock Exchange (LSE) and the Nigerian Stock Exchange (NSE) in 2014, more companies in the downstream oil & gas Exploration and Production (E&P) sector have indicated interest to be listed.

The CEO who made the disclosure at NSE/LSEG dual listing conference in Lagos, said there has also been expression of interest from companies with less representation on the Exchange, especially the telcos and utility firms.

Seplat was the first indigenous Nigerian company to dual list its ordinary shares in London and Nigeria after an Initial Public Offering (IPO) that raised as much as $500 million, an equivalent of N82.5 billion, thereby valuing the company at $1.9 billion.

(Today)

 

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