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Nigeria National Petroleum Co., Ltd. (NNPCL) is preparing to list its shares in the capital market.
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The company is interacting with potential partners to practice labeled “NNPC Ltd. IPO Beauty Parade” to identify potential partnerships.
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This list complies with the provisions of the Petroleum Industry Law for 2021.
Nigeria National Petroleum Corporation Limited (NNPCL) revealed that it is in the final stages of preparing for its highly anticipated listing in the capital market, consistent with the provisions of the Petroleum Industry 2021 Act.
NNPCL Chief Corporate Communications Officer Olufemi Soneye announced this in a statement released in Abuja on Thursday.
According to Soneye, the company’s chief financial and investor relations officer, Mr. Olugbenga Oluwaniyi hints at the consulting meeting with NNPC headquarters partners.
Also Read: Court rejects NNPCL’s bid to stop Dangote refinery.
NNPCL is currently interacting with potential partners and the practice label consistent with capital market regulations is “NNPC Ltd. IPO Beauty Parade” before the IPO starts.
“According to the CFIO, the purpose of IPO Beauty Parade is to acquire potential partners and determine what ways they can provide for the company,” the statement explained.
The areas of partnership required include investor relations, IPO ready advisors and investment banking partners. In terms of project partners, companies that offer the best offer will be selected for each of the three categories.
Petroan praises FG, NNPCL successfully renovates Harcourt refinery
The Nigerian Petroleum Products Retail Store Owners Association (Petroan) praised the Nigerian government and the Nigerian National Petroleum Corporation Limited (NNPCL) for successfully operating the remodeled Harcourt refinery for 180 consecutive days.
Oil spokesman Joseph Obele revealed this in a statement Tuesday.
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