FRI MARCH 28 2025-theGBJournal| The Nigerian National Petroleum Company Limited (NNPCL) Chief Finance and Investor Relations Officer, Olugbenga Oluwaniyi, left investors and market grinning Thursday when he hinted that the Company is finalizing plans for a Initial Public Offer (IPO).
Oluwaniyi dropped the hint of the NNPCL IPO during a consultative meeting with partners in Abuja, a move that would have significant implications for both the company and the Nigerian capital market.
He said the NNPC is currently consulting with prospective partners in an exercise he describes as ”NNPCL IPO Beauty Parade,” in line with Nigerian capital market requirements.
”The aim of the Parade is to assess potential partners and determine in what ways the could be of support to the company,” Oluwaniyi said.
An NNPC IPO, if successful, could be a game-changer for Nigeria’s economy, capital market, and oil industry. It would provide investors with another strong blue-chip option, reducing over-reliance on banking and telecom stocks.
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