FCMB Capital Markets Limited, the investment banking arm of FCMB Group Plc, has restated its commitment to enabling the realisation of Nigeria’s oil and gas reserves growth agenda by actively supporting indigenous operators.

The Executive Director of FCMB Capital Markets Limited, Mr. Tolu Osinibi, stated this at the Oil Council World Assembly 2014 conference that held in London on 17 and 18 November 2014. The Oil Council World Assembly is the largest business network platform for oil and gas leaders and other stakeholders across the globe.

Speaking at the conference, Mr. Osinibi stated that “FCMB Group’s support of the oil and gas industry remains strong”. He explained that the financial institution’s involvement in the sector “is in line with our commitment to contribute to Nigeria’s economic growth”.

Mr. Osinibi added that the ongoing structural shifts in the industry, especially assets divestment by the International Oil Companies in the past few years, has resulted in a significant increase in participation of indigenous operators across the industry value chain and the consequent increase in investment in the industry that will happen over the next few years as the acquirers develop the assets bought.

FCMB has played, and will continue to play, a significant role in supporting the growth of the industry by arranging appropriate financing for operators to enable them execute their projects.

“We have over the past few years demonstrated the ability to help with identifying and allocating the technical and financial risks associated with complex projects in the oil and gas industry. We have what it takes to play a leading role in helping to execute initiatives that will boost the growth of the industry and, consequently, Nigeria”, Mr. Osinibi reiterated.