NNPCL
NNPCL in historic initial public offer, ready for capital market
The company’s Chief Corporate Communications Officer, Olufemi Soneye, disclosed this in a statement on Thursday in Abuja.
According to the statement, the Chief Finance and Investor Relations Officer, Olugbenga Oluwaniyi, revealed the development during a consultative meeting with partners at the NNPC headquarters.
READ ALSO:
He stated that NNPCL is currently engaging with potential investors through an exercise called the “NNPC Ltd. IPO Beauty Parade,” which aligns with capital market regulations ahead of its Initial Public Offer (IPO).
“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 statement further highlighted that NNPCL is seeking partnerships in three key areas: Investor Relations, IPO Readiness Advisors, and Investment Banking Partners. Companies with the most competitive offers will be selected for each category.
An IPO is a public offering in which a company’s shares are sold to institutional investors. Under the PIA, NNPCL is required to list its shares on the capital market in compliance with the Companies and Allied Matters Act (CAMA) 1990.
Police to Arrest TikToker Mirabel After She Recants False Rape Claim The Ogun State Police…
Tinubu Reduces Reliance on U.S, Strengthens Defence Partnerships With Turkey, EU President Bola Tinubu has…
Again, Early Morning Blaze Destroys Dozens of Shops in Kano Market A devastating fire outbreak…
Suspected Terrorists Warn Kebbi Residents: Pay ₦100 Million or Face Attack Fresh tension has gripped…
ICPC Searches El-Rufai’s Abuja Home Amid Multi-Agency Corruption Investigation The Independent Corrupt Practices and Other…
Nigerian Navy Chief of Operations Dies in Egypt The Nigerian Navy has confirmed the passing…