LSE appoints Seplat Chairman Orjiako to its Africa Advisory Group

23 Mar 2016
Financial Nigeria


The group consists of African business leaders and policymakers who will explore initiatives to boost African capital markets.

L-R: Xavier Rolet, Chief Executive, London Stock Exchange; Dr. A.B.C Orjiako, Chairman, Seplat Petroleum Development Company; and Oscar Onyema, Chief Executive Officer, Nigerian Stock Exchange, during the induction of Dr Orjiako into the London Stock Exchange Group’s new Africa Advisory Group, a forum for the continent's senior business leaders designed to provide leadership for delivering Africa-specific policy recommendations and developing the capital markets.

Chairman of Seplat Petroleum Development Company, Dr. A.B.C. Orjiako, was appointed as a member of the newly created Africa Advisory Group of the London Stock Exchange. The group consists of African business leaders and senior policymakers who will join Xavier Rolet, CEO of London Stock Exchange Group, to explore initiatives for developing African capital markets.  
According to a statement by Seplat on Wednesday, the new group is charged with producing strategies to address the challenges in developing the infrastructure for African financial markets and also provide policy recommendations for tapping the vast commercial opportunities on the continent.

Dr. Orjiako is among the 12 business leaders and policymakers chosen from across Africa to join the group. Among them are Chief Executive Officer of the Nigerian Stock Exchange, Mr. Oscar Onyema and Director-General of the National Pension Commission (PENCOM), Mrs. Chinelo Anohu-Amazu.

 Seplat, a leading Nigerian oil and gas exploration and production company, recently won a Supreme Court judgement that allowed it to take over OML 53 and OML 55 that the company acquired from Chevron Nigeria last year. Brittania-U Nigeria Limited had filed a lawsuit against Seplat and Chevron Nigeria stopping the transfer of the oil blocks to Seplat.

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