NNPC Ltd Nears Final Stage for Market Listing The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the final stages of preparation for its much-anticipated listing on the capital market, in line with the Petroleum Industry Act 2021. Olufemi Soneye, NNPC Ltd's Chief Corporate Communications Officer, disclosed this in a statement 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. He said NNPC Ltd was currently engaging with prospective partners in an exercise tagged, “NNPC Ltd. IPO Beauty Parade” in line with capital market regulations before the commencement of the Initial Public Offer. “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. He outlined the key partnership areas needed, including Investor Relations, IPO Readiness Advisors, and Investment Bank Partners. He added that the company would select the best offer in terms of project partnership for each of the three categories. An IPO involves selling a company's shares to institutional investors through a public offering. Under the Petroleum Industry Act (PIA), NNPC Ltd is required to list its shares on the capital market in compliance with the Company and Allied Matters Act 1990.