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Big Move: NNPCL Announces Partnership Focus As It Prepares To Go Public
The Nigerian National Petroleum Company Limited (NNPCL) has reaffirmed its commitment to launching its long-awaited listing on the capital market, in accordance with the provisions of the Petroleum Industry Act (PIA) 2021.....KINDLY READ THE FULL STORY HERE▶
In a statement released on Thursday in Abuja, Olufemi Soneye, the Chief Corporate Communications Officer of NNPC Ltd, disclosed this development. According to him, the company’s Chief Finance and Investor Relations Officer, Olugbenga Oluwaniyi, shared updates during a consultative meeting with stakeholders at the NNPC headquarters. Oluwaniyi outlined key partnership areas necessary for the process, including Investor Relations, IPO Readiness Advisory, and Investment Banking Partnerships. He emphasized that the company would select partners based on the best offers for collaboration in these categories. As part of its preparations, NNPC Ltd has initiated an engagement exercise known as the “NNPC Ltd. IPO Beauty Parade,” which aligns with capital market regulations and serves as a prelude to its Initial Public Offering (IPO). The statement further explained that the IPO Beauty Parade aims to assess potential partners and explore how they can contribute to the company’s transition into the capital market
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