NNPCL Set to Sell Shares, Begins Preparation for Listing on Capital Market

• The Nigerian National Petroleum Company Limited (NNPCL) is preparing to list its shares on the capital market.

• The company is engaging with prospective partners in an exercise tagged “NNPC Ltd. IPO Beauty Parade” to determine potential partnerships.

• The listing is in line with the provisions of the Petroleum Industry Act 2021.

The Nigerian National Petroleum Company Limited (NNPCL) has revealed that it is in the final stages of preparing for its highly anticipated listing on the capital market, in line with the provisions of the Petroleum Industry Act 2021.

This was announced by the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, in a statement released on Thursday in Abuja.

According to Soneye, the Company’s Chief Finance and Investor Relations Officer, Mr. Olugbenga Oluwaniyi, hinted at the development during a consultative meeting with partners at the NNPC headquarters.

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NNPCL is 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.

The areas of partnership required include Investor Relations, IPO Readiness Advisors, and Investment Bank Partners. The company with the best offer in terms of project partnership would be selected for each of the three categories.

PETROAN Commends FG, NNPCL for Successful Revamp of Port Harcourt Refinery

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has praised the Nigerian government and the Nigerian National Petroleum Company Limited (NNPCL) for successfully running the revamped Port Harcourt Refinery for 180 consecutive days.

Joseph Obele, PETROAN’s spokesperson, disclosed this in a statement on Tuesday.

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