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.”
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