By Sani Danlami, Abuja
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced its readiness to proceed with an Initial Public Offer (IPO) as mandated by the Petroleum Industry Act (PIA) 2021.
The company is currently in final preparations for its historic entry into the capital market.
“We are at the crucial stage of selecting partners through our ‘NNPC Ltd. IPO Beauty Parade’ initiative,” said Mr. Olugbenga Oluwaniyi, Chief Finance and Investor Relations Officer. “This process will help us identify the best partners in Investor Relations, IPO Readiness Advisory, and Investment Banking services.”
The state-owned oil firm is engaging potential partners to ensure a successful public offering that will see NNPC Ltd shares listed on the Nigerian stock exchange. “We will select partners offering the most competitive terms to guide us through this landmark transition,” Oluwaniyi added during the consultative meeting at NNPC Towers in Abuja.
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