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www.spnglegal.com_____________________________________________________________________________________ f. Approval for Transfer of Technology and other Agreements: The National Office forTechnology Acquisition and Promotion Act provides that any agreement under which a foreigneris to provide foreign technology, management, or assistance, to a Nigerian company must beapproved by the National Office for Technology Acquisition and Promotion (“NOTAP”).g. Registration with the Department of Petroleum Resources: Companies that wish to engage inpetroleum operations in Nigeria are required to register with the Department of PetroleumResources (“DPR”). The DPR issues Permits, upon application, in respect of oil exploration andproduction activities, as well as oil service activities.Other approvalsOther approvals that may be required include:• National Agency for Food and Drugs Administration and Control (NAFDAC): for foodand drugs manufacturing.• Nigerian Communications Commissions (NCC): for activities in the telecommunicationsindustry.• Nigerian Electricity Regulatory Commission (NERC): for the electricity power sector.• National Tourism Development Commission (NTDC): for the tourism industry.• Standards Organisation of Nigeria: for general manufacturing of productsLISTING ON THE NIGERIAN STOCK EXCHANGECompanies desiring to be admitted to the official list of the Nigerian Stock Exchange (NSE) must complywith the Exchange’s rules governing listing, as well as the relevant provisions of the Companies andAllied Matters Act 2004, the Investment and Securities Act and other relevant statutory requirements.Listing of securities on the stock exchange may be carried out through an Offer for subscription, Offer forsale, placing, Rights offer/issue, Capitalisation Issue, a tender, conversion, an introduction, options or anyother method the NSE Council may prescribe.Requirements for listing on the Nigerian Stock ExchangeThe general requirements for listing are not exhaustive and the NSE Council may from time to time vary,add or subtract from the requirements as considered necessary subject to the approval of the Securitiesand Exchange Commission_____________________________________________________________________________________Doing Business in NigeriaAn Investor’s Guide- 2013Page 11 of 36