Mele Kyari, MD/CEO NNPCL
NNPC Ltd Nears Market Listing, Engages Partners for IPO Preparation
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced it is in the final stages of preparation for its long-awaited listing on the capital market, as mandated by the Petroleum Industry Act (PIA) 2021.
The disclosure was made by NNPC Ltd’s Chief Corporate Communications Officer, Olufemi Soneye, in a statement issued on Thursday in Abuja.
According to Soneye, the company’s Chief Finance and Investor Relations Officer, Olugbenga Oluwaniyi, shared the update during a consultative meeting with partners at the NNPC headquarters.
As part of the process, NNPC Ltd is engaging potential partners in an exercise called the **“NNPC Ltd. IPO Beauty Parade”**—a step required by capital market regulations ahead of the Initial Public Offering (IPO).
Oluwaniyi explained that the initiative aims to evaluate prospective partners and identify how they can support the company in areas such as **Investor Relations, IPO Readiness Advisors, and Investment Bank Partners.**
The best-performing firms in each category will be selected for collaboration.
An IPO involves the sale of a company’s shares to institutional investors. The PIA mandates NNPC Ltd to list its shares in compliance with the Company and Allied Matters Act 1990.
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