The Nigerian National Petroleum Company Limited (NNPCL) is set to list on the capital market, marking a significant milestone in its transformation.

According to Olufemi Soneye, Chief Corporate Communications Officer, NNPCL is in the final stages of preparation, as mandated by the Petroleum Industry Act 2021.

The listing will enable the company to sell shares, increasing transparency and accountability. This development is expected to attract investors and boost the country’s economy. The listing is a key step in NNPCL’s journey towards becoming a commercially viable entity.

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The NNPCL Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye, made the announcement in a statement released on Thursday in Abuja. “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

“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 listed the areas of partnership required to include Investor Relations, IPO Readiness Advisors, and Investment Bank Partners.

He said the company with the best offer in terms of project partnership would be
selected for each of the three categories.