The Nigerian National Petroleum Company Limited (NNPC Ltd) is in the final stages of listing its shares on the capital market, in compliance with the Petroleum Industry Act (PIA) 2021.
In a statement, Chief Corporate Communications Officer NNPC Ltd, Abuja Olufemi O. Soneye said Mr. Olugbenga Oluwaniyi, the company’s Chief Finance and Investor Relations Officer (CFIO), disclosed this during a consultative meeting with partners at the NNPC Towers in Abuja on Thursday.
He stated that NNPC Ltd is currently engaging potential partners through an exercise called the “NNPC Ltd. IPO Beauty Parade” to meet capital market requirements ahead of the Initial Public Offering (IPO).
Oluwaniyi explained that the Beauty Parade aims to identify suitable partners for key areas, including Investor Relations, IPO Readiness Advisory, and Investment Banking. The company will select the most competitive offer in each category to support the IPO process.
The PIA mandates NNPC Ltd to list its shares on the capital market under the provisions of the Companies and Allied Matters Act (CAMA) 1990.
