The Nigerian National Petroleum Corporation (NNPC) has expressed its willingness to collaborate with Nigerian Exchange Limited on financing options in the near term.
During a recent courtesy visit of the NGX management to NNPC, in Lagos, its Chairman, Abubakar Balarabe Mahmoud said that as an exchange, the NGX is always interested in developing strong relations with notable institutions such as NNPC, and that it was pleased with some of the recent developments it has seen so far.
“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”. He said.
Also speaking, the Chief Executive Officer, NGX, Temi Popoola, lauded the management of NNPC for the remarkable efforts at improving transparency, accountability and performance at the NNPC.
Popoola noted that a potential listing of the NNPC on the nation’s bourse will have tremendous positive benefits for the Nigerian capital market and will go a long way in deepening the economy.