Seplat Energy, which has a secondary listing in London, is the company stock of the 156 equities quoted in Lagos paying dividends for each of the four quarters of the year.A tide of policy shifts in Africa’s biggest oil producer in the wake of President Bola Tinubu’s rise to power in May, including the cessation of a popular but costly petrol subsidy scheme, is rejuvenating participation in energy stocks and helping return liquidity to the market.
That positive is also drawing investors to energy stocks, considering that the move could free up more cash for oil & gas companies.
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