NNPCL targets less than 10% listing for IPO

File photo: Construction at the Dangote refinery site, Lekki, Lagos.
File photo: Construction at the Dangote refinery site, Lekki, Lagos. Photo: FrankvEck / CC BY-SA 4.0, via Wikimedia Commons

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPCL) has stated that listing on stock exchange will start with 5 to 10 per cent stake in an initial public…

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPCL) has stated that listing on stock exchange will start with 5 to 10 per cent stake in an initial public offering (IPO). According to Reuters, Ojulari said the listing will focus primarily on the domestic market, with a potential secondary listing in…

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