Nigerians will soon have the opportunity to be co-owners of the Nigerian National Petroleum Company Limited (NNPCL).
Group Managing Director, Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari said the anticipated listing of the NNPCL on the Nigerian Exchange (NGX) is within sight.
He explained that the Petroleum Industry Act (PIA) had set out a pathway for the transformation of the company to a publicly quoted commercial company with an opportunity for the general investing public.
According to him, the PIA has created opportunities for the general investing public in the company.
He said that “at maturity, this company’s shares will be owned by others”
“The law anticipates three years of incorporation of the company. You can start the process and therefore, it is within sight,” Kyari said.
He noted that NNPCL has moved away from a government-owned corporation to a limited liability company that is now commercial and profit-making.
