{"id":10085,"date":"2012-04-19T16:21:02","date_gmt":"2012-04-19T14:21:02","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/nigerian-stock-exchange-wants-oil-majors-to-list\/"},"modified":"2012-04-19T16:21:02","modified_gmt":"2012-04-19T14:21:02","slug":"nigerian-stock-exchange-wants-oil-majors-to-list","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/nigerian-stock-exchange-wants-oil-majors-to-list\/","title":{"rendered":"Nigerian stock exchange wants oil majors to list"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(For more news from the Reuters Africa Investment Summit, click<br \/>\n<a href=\"http:\/\/www.reuters.com\/summit\/AfricaInvestment12\">here<\/a>)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Regulator wants bourse to better reflect economy<\/p>\n<p><span><\/span><\/p>\n<p>* Oil bill could help persuade majors to list<\/p>\n<p><span><\/span><\/p>\n<p>* South Africa&#8217;s MTN, other phone firms should list<\/p>\n<p><span><\/span><\/p>\n<p>By Joe Brock<\/p>\n<p><span><\/span><\/p>\n<p>ABUJA, April 19 (Reuters) &#8211; Foreign oil majors such as Royal<br \/>\nDutch Shell, Exxon Mobil Corp and Chevron Corp<br \/>\n should have secondary share listings in Nigeria and<br \/>\nplanned new energy laws could push them to agree, the stock<br \/>\nexchange regulator said.<\/p>\n<p><span><\/span><\/p>\n<p>Speaking at the Reuters Africa investment summit, Arunma<br \/>\nOteh, Director General of Nigeria&#8217;s Security and Exchange<br \/>\nCommission, said 80 percent of government revenues come from the<br \/>\noil industry but it makes up only 5 percent of the stock market.<\/p>\n<p><span><\/span><\/p>\n<p>By persuading the national oil company, NNPC, and foreign<br \/>\noil companies to list a portion of their joint ventures the<br \/>\nstock market would better reflect the economy for investors and<br \/>\nNigerians could have greater ownership of oil firms.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We&#8217;re in discussion both with NNPC as well as the oil<br \/>\nmajors as to listing on the Nigerian Stock Exchange,&#8221; Oteh said<br \/>\nin Abuja.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(For more news from the Reuters Africa Investment Summit, click here) * Regulator wants bourse to better reflect economy * Oil bill could help persuade majors to list * South Africa&#8217;s MTN, other phone firms should list By Joe Brock ABUJA, April 19 (Reuters) &#8211; Foreign oil majors such as Royal Dutch Shell, Exxon Mobil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10085","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10085"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10085\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}