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    Chief Executive Officer of Nigeria Stock Exchange has a Soothing Enticement in the Oil and Gas Sector

    Posted On 03 Aug 2020
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    Comments: 20

    By Abdul Rahman Bangura–

    Nigerian Stock Exchange
    Photo Credit: The Free Zone Channel

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The Chief Executive Officer of Nigerian Stock Exchange (NSE) – Oscar Onyema has asserted that, domestic investors are placid inclined to influence the Oil and Gas Sector. Nonetheless, Onyema pointed out that, the sector would proceed to tolerate outward tension throughout 2020 due to the Novel Coronavirus (COVID- 19) pandemic.

    The NSE Chief – Onyema enunciate at the Seplat Energy Summit 2020 with the theme: “Business Sustainability and Strategic Leadership in Africa,” where symposia were held on contributing useful understandings on the demanding circumstances on the function of energy systems by way of building a tolerable African economies. The first occurrence wielded basically on July 30th, 2020 had in attendance government officials, top and self regulatory organizations, capital market operators, investment bankers, policy makers, chief executive officers (CEOs), economists, researchers, analysts, academics, and private equity firms.

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    In addition, Oscar Onyema clarified that, the universal tempo of development and the passion of the trade adversities between the US and China would proceed to be a determine facets for enterprises. Erstwhile Director General – Arunna Oteh of Securities and Exchange Commission (SEC) – Arunma Oteh, raised a question on how to finance the Energy Sector in the African continent, energy companies to rigorously optimize their cash flow by strict cost cutting, but also rationalization investment portfolio. “They should try and divest non-performing assets, optimize investments in merge and acquisitions and explore other financial structures,” Oteh let out. Roger Brown, incoming CEO of Seplat, noted Africa as a continent required to build a base load for which it can build from and drive its gas agenda, which Nigeria can lead through renewable energy.

    Relating probability from government, that will allow Nigeria play a prominent role, Brown stated the government should subsidize oil firms through partnerships in joint venture agreement, better support in striving marketings and endorsements and obvious legislature.

     

     

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    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

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    About the Author
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    1. Precious August 3, 2020 at 1:27 am Reply

      Stock exchange is another way to finance the Energy Sector in the continent. Thanks for reporting. Benin City Nigeria. Precious

    2. Olabisi August 3, 2020 at 1:40 am Reply

      Thank you for reporting to this issue. Each of our countries should have Stock exchange markets. So our people can own piece of the continent’s businesses. It would lift many of us from poverty. Olabisi in Abuja Nigeria.

    3. Grace August 3, 2020 at 2:14 am Reply

      Thank you for signing me to your newsletter. Toronto Canada. Grace

    4. Molly August 3, 2020 at 2:18 am Reply

      Bangura thanks for reporting. I really enjoy reading your reports. Molly in Lagos Nigeria

    5. Oputa August 3, 2020 at 2:42 am Reply

      Is time and timing is everything for our countries in the continent to have stock exchange markets in each of our countries. Time for our citizens to buy stocks and own piece of our businesses. Love your great newspaper. Oputa in Abuja Nigeria.

    6. Imane August 3, 2020 at 3:09 am Reply

      Thank you for your reports. Fan of new Africa business news. Great reporting. Rabat Morocco. Imane

    7. Molly August 3, 2020 at 3:18 am Reply

      Stock Exchange is great idea. The market will determine buying piecee of companies. It could also help raise money for new business ideas. African great way. Molly in Nairobi Kenya

    8. Jendyose August 3, 2020 at 3:25 am Reply

      Lets get Stock Exchange markets all over Africa. Let us write our destiny and create great future for our Continent. Kampala Uganda. Jendyose

    9. Lethabo August 3, 2020 at 3:32 am Reply

      Just to say some of our countries in the Continent do have great Stock Exchange markets. But I think all our Countries should have Stock Exchange markets. So our Citizens be able to buy and sell stocks. Thank you for reporting. Johannesburg South Africa. Lethabo

    10. Yolan August 3, 2020 at 3:38 am Reply

      Yap, let get Stock Exchange markets all over and make us all easy to trade stocks. African way. Yolan in Lusaka Zambia

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