Gas Group plans NGX listing, eyes energy expansion
Gas Group Plc has announced plans to list its existing ordinary shares on the main board of the Nigerian Exchange Limited as part of efforts to strengthen its corporate governance, deepen access to capital and finance expansion into refining, gas infrastructure and power generation. The company also plans to develop dedicated gas-to-power infrastructure for artificial Read More:…
Gas Group Plc, a Nigerian energy services company, has announced plans to list its shares on the Nigerian Exchange (NGX) main board. This move aims to strengthen corporate governance, improve access to capital, and finance expansion into refining, gas infrastructure, and power generation. The company's CEO, Gliffeth Wonuigwe, revealed that the NGX listing would provide a more organized market for its shares, enhance price discovery, and expand investment opportunities.
Gas Group is also set to develop dedicated gas-to-power infrastructure for AI-powered data centres, hyperscale computing facilities, and other energy-intensive digital infrastructure across Nigeria and Africa. The expansion strategy is driven by the growing demand for energy in Nigeria's digital economy, particularly for AI and data centre operators, which require substantial electricity for cooling, redundancy, and future growth.
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