NNPC open to collaboration with NGX On Financing Opportunities

Mr Mele Kyari, The Group Managing Director of NNPC, notified the public of a probable partnership while welcoming the NGX committee, led by Alhaji Abubakar Mahmoud, its Chairman.

Aforesaid by Kyari, that the current signing of the Petroleum Industry Act has opened up outstanding openings to establish excellence for our shareholders.

“As such will be the necessity to approach equity to create on our positioning as the enormous company in Africa and widen extent.

“Therefore, it will be a pleasure to collaborate with NGX on the short-term and long-term financing alternatives accessible in the market and I must appreciate you for seizing the time to stop by and see us today, to carry this discussion further,” he said.

In response, Mahmoud said:” as a Nigerian Exchange, we are constantly eager in formulating robust connections with outstanding companies like NNPC, and we are pleased with some of the current improvements we have noticed.

“ Therefore, we compliment you on the profitable signing of the Petroleum Industry Act which we are optimistic will revamp the sector and as well, open up vacancies for both NGX and NNPC to explore.”

Furthermore, Mr Temi Popoola, NGX, Chief Executive Officer, praised the administration of NNPC for the incredible actions at improving clarity, responsibility and accomplishment in the company.

”Today, we are pleased to have the chance to analyze numerous equity market-related funding subjects with the NNPC, comprising a probable listing on the exchange.

“An NNPC listing will have enormous favorable advantages for the Nigerian equity markets and will go a long route in heightening the recent modification that is happening at the NNPC.

“Popoola said, that the equity markets allot a plausible chance for the NNPC to join its short and long term financing agendas. NGX, laboring with different stakeholders, is willing to promote this.”

The NGX, is a regulating integrated market infrastructure Group in Africa that procures a strategy for confidential and unrestricted investments to put forward equity to fund their industry purposes.