The Nigerian National Petroleum Company Limited (NNPC Ltd) is finalizing preparations for its listing on the stock market, in line with the Petroleum Industry Act (PIA) 2021.
At a consultative meeting in Abuja, Chief Finance and Investor Relations Officer, Olugbenga Oluwaniyi, announced that NNPC Ltd is conducting an “IPO Beauty Parade” to assess potential partners for its Initial Public Offering (IPO).
The company seeks expertise in Investor Relations, IPO Readiness, and Investment Banking. Once listed, NNPC Ltd will open up ownership to institutional investors, marking a major milestone under the Companies and Allied Matters Act (CAMA) 1
