Abuja, March 27, 2025 – The Nigerian National Petroleum Company Limited (NNPCL) is now in the final stages of its listing on the capital market by the provisions of the Petroleum Industry Act 2021.
Olufemi Soneye, the NNPCL Chief Spokesman, disclosed this in a statement on Thursday.
The statement said Mr Olugbenga Oluwaniyi, the Company’s Chief Finance and Investor Relations Officer, hinted at the development during a consultative meeting with partners at the NNPC headquarters.
It said the NNPCLwas 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 explained
He NNPC listed the areas of partnership required to include Investor Relations, IPO Readiness Advisors, and Investment Bank Partners.
NNPCL said the company with the best offer in terms of project partnership would be selected for each of the three categories.
An IPO is a public offering in which shares of a company are sold to institutional
investors.
The PIA provides for the NNPC Ltd to list its shares in the capital market in line with the provisions of the Company and Allied Matters Act 1990.
