National Economy
Sunday, August 24, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Companies & Markets

FG Urges Oil & Gas Operators To Leverage Capital Market For Funding

by Olushola Bello
1 year ago
in Companies & Markets
Reading Time: 2 mins read
Nigerian-trading-floor

Nigerian-trading-floor

Share on FacebookShare on TwitterShare on Telegram

Federal government has called on oil and gas operators to create ingenious ways of raising capital to expand their investment and tackle myriads of problems facing the sector, especially leveraging the nation’s capital market.

Minister of state for petroleum resources, Heineken Lokpobiri, stated this at the Seplat Energy anniversary to commemorate its 10-year of Dual Listing on the Nigerian Exchange Limited (NGX) and London Stock Exchange held yesterday in Lagos.

Lokpobiri assured that government would continue to create enabling environment and regulatory framework for companies to operate in a more conducive manner as prescribed by the PIA.

According to him, there is need for companies under the sector to adopt robust corporate governance structures that would attract financiers and sustain their confidence to invest in these firms as achieved by Seplat Energy.

You May Like

Jumia Partners FG To Accelerate E-Commerce Growth, Digital Inclusion

Ecobank Deepens Support for Youth Innovation With N20m InnovateX Award

“We need to solve our problems ourselves; this is the time for us to evolve home grown solutions to solve our energy problems. So, we have to evolve some ingenious ways of raising money, through the capital market. We are committed in sustaining our production in oil and gas but in a more responsible and cleaner way by deploying the best technology.”

He added that there is need for the country to boost its production capacity currently, considering the attractiveness of pricing at the moment.

Reviewing Seplat Energy’s performance over the last 10 years, chief executive officer of Seplat Energy, Roger Brown said the energy giant generated $1.7 billion in Free Cash Flow (FCF) and invested over $57 million to support community projects, especially in the areas of health care, education and empowerment.

He pointed out that the firm has returned dividend worth $575 million and invested $1.6 billion in capital expenditure in the last 10 years, saying that “our strong cash generation has supported our ambition to expand our business, which has seen us spend an aggregate of $1.6 billion in capex.”

He noted that the company has delivered significant value enhancing strategies in both operations and financials within 10 years of listing on the bourse, saying that the firm has increased its gas revenue by 350 per cent to $123.4 million from 2014 to 2023.

 

Tags: Capital MarketFundingOil & Gas
ShareTweetShare
Previous Post

Wema Bank Launches Anti-fraud Campaign To Protect Customers

Next Post

Old Mutual Assures Policyholders Of Superior Services

ANOTHER GOOD READ

Jumia Partners FG To Accelerate E-Commerce Growth, Digital Inclusion
Companies & Markets

Jumia Partners FG To Accelerate E-Commerce Growth, Digital Inclusion

6 days ago
Ecobank Deepens Support for Youth Innovation With N20m InnovateX Award
Companies & Markets

Ecobank Deepens Support for Youth Innovation With N20m InnovateX Award

6 days ago
APM Terminals Kano Records 51% Increase In Volumes In H1 2025
Companies & Markets

APM Terminals Kano Records 51% Increase In Volumes In H1 2025

6 days ago
CAP, Nigerian Red Cross Society Support Mokwa Flood Victims
Companies & Markets

CAP, Nigerian Red Cross Society Support Mokwa Flood Victims

2 weeks ago
NASD Elects Bolo As Chairman
Companies & Markets

NASD Elects Bolo As Chairman

3 weeks ago
Nigerian Breweries Records N738.14bn Revenue
Companies & Markets

Nigerian Breweries Records N738.14bn Revenue

3 weeks ago
Next Post
Old Mutual Assures Policyholders Of Superior Services

Old Mutual Assures Policyholders Of Superior Services

Most Recent

Tackling The Rising Rent Crisis In Abuja: A Focus On Affordability And Sustainable Solutions

Tackling The Rising Rent Crisis In Abuja: A Focus On Affordability And Sustainable Solutions

August 22, 2025
PCN Seals 486 Pharmacies, Patent Medicine Stores In Niger

PCN Seals 486 Pharmacies, Patent Medicine Stores In Niger

August 22, 2025
Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones

Federal, State, Local Govts Share Record N2.001trn As July Allocations

August 22, 2025
Visa: ‘It’s Tit-for-Tat’, Nigeria To Demand Social Media Disclosure From American Applicants

US Suspends Work Visas For Nigerian Truck Drivers, Others

August 22, 2025
Tourism: Gov Eno Orders Demolition Of Illegal Structures For New Projects

Hardship: Akwa Ibom Gov Lifts 476 Less-privileged With N239m Grants

August 22, 2025
Boat Mishaps: Jamoh Advocates Standard On Inland Water Ways Usage

Boat Mishap: Response Team Confirms 4 Deaths, 41 Rescued

August 22, 2025
Land Transport Policy Will Ensure Road Safety

Land Transport Policy Will Ensure Road Safety

August 21, 2025
FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026

FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026

August 21, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy