NNPC, NGX Explore Financing Opportunities From Capital Market

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

Nigerian National Petroleum Corporation (NNPC) has expressed its willingness to collaborate with Nigerian Exchange (NGX) Limited on financing options in

This was indicated during a courtesy visit from the management of NGX to NNPC led by the chairman, NGX, Mr. Abubakar Mahmoud who stated, “As an Exchange, we are always interested in developing strong relations with notable institutions such as NNPC, and we are quite delighted at some of the recent developments we have seen.

“We would, therefore, like to congratulate you on the successful signing of the Petroleum Industry Act, which we are confident will transform the sector and in turn, open up opportunities for both NGX and NNPC to explore going forward.”On his part, the chief executive officer, NGX, Mr. Temi Popoola, lauded the management of NNPC for the remarkable efforts at improving transparency, accountability and performance at the NNPC.

He stated further that, “Today, we are delighted to have the opportunity to explore several capital market related financing topics with the NNPC including a potential listing on the exchange. According to Popoola, an NNPC listing will have tremendous positive benefits for the Nigerian capital markets and will go a long way in deepening the current transformation that is occurring at the NNPC.

“Furthermore, the capital markets present a credible opportunity for the NNPC to meet its short and long term financing plans. NGX, working with other stakeholders, is keen to facilitate this.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NGX market capitalisation extends loss by N24bn - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »