Petroleum Africa
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Sunday, August 19, 2018
The Nigerian Content Development and Monitoring Board (NCDMB) is calling on more oil and gas firms operating in the country to list on the Nigerian Stock Exchange (NSE). While the exchange trades shares for a number of petroleum marketers, oil and gas firms are few and far between.
The Executive Secretary, NCDMB, Simbi Wabote made the call when he led the management of the board on a visit to the NSE to perform the Closing Gong Ceremony in Lagos.
“We will like to see more of the upstream and mid-stream companies listed on the exchange. More importantly, we will like to see a major shift in the listing of companies that add value to our hydrocarbon resources in-country such as refineries, petrochemical industries, fertilizer companies, and companies in the liquefied petroleum gas/compressed natural gas value chain,” he said.
According to the NCDMB boss, this will be a game-changer in the operating model of its oil and gas industry “as it gives room for pooling together of funds for growth as well as the empowerment and inclusion of Nigerians in the activities of the mainstay of our economy.”
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