The Securities and Exchange Commission is looking to attract more oil and gas firms, including the Nigerian National Petroleum Corporation and the Nigeria LNG to the Nigerian Stock Exchange. SEC also said it had started discussing with some offshore companies that had expressed interest in listing their shares on the floor of the NSE.
The acting Director-General, SEC, Mary Uduk, disclosed these during an interview on the sidelines of the World Bank/International Monetary Fund annual meetings in Washington DC. She said following successes recorded in the dual listing of the shares of MTN Nigeria and Airtel, the interest of foreign issuers in the Nigerian capital market had increased.
She said, “The primary market has witnessed a new trend in the last one year with the listing of the telecom companies (MTN Nigeria) and also the recent initial public offer and dual listing of Airtel.