The Nigerian National Petroleum Company Limited (NNPCL) yesterday hinted that it is now at the final stage of getting listed in the capital market in accordance with the provisions of the Petroleum Industry Act (PIA) 2021.
The NNPCL Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye, made the announcement in a statement released on Thursday in Abuja.
Soneye quoted the company’s Chief Finance and Investor Relations Officer, Olugbenga Oluwaniyi, to have disclosed the development during a consultative meeting with partners at the NNPC headquarters.
He said NNPC Ltd was currently engaging with prospective partners in an exercise tagged, “NNPC Ltd. IPO Beauty Parade” in line with capital market regulations before the commencement of the Initial Public Offer.
“According to the CFIO, the aim of the IPO Beauty Parade is to access potential partners and determine in what ways they could be of support to the company,” the statement read.
