African oil giant goes for IPO ...News

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African oil giant goes for IPO
Move is a new strategy to position Nigeria as preferred destination for energy-sector investors on the continent, expert tells RT Nigerian National Petroleum Company Limited announced plans on Tuesday to sell its shares in an Initial Public offering (IPO) to investors, a decision its Chief Executive Officer, Mele Kyari, said is supported by the government. The IPO will be launched “very soon,” Kyari said, without providing a specific date, adding that the national company (NNPC) is positioning itself to create a different business environment for sustainable energy supply. Oil and gas analyst Charles Ibiang told R

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