NNPCL Set for Initial Public Offer, Engages Prospective Partners 

Peter Uzoho 

The Nigerian National Petroleum Company Limited (NNPCL) has reached the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021.

The company’s Chief Finance and Investor Relations Officer, Mr. Olugbenga Oluwaniyi, disclosed this Thursday at a consultative meeting with partners at the NNPC Towers, Abuja,, according to a statement by the Chief Corporate Communications Officer of the national oil firm, Mr. Olufemi Shoneye.

Oluwaniyi said NNPCL was currently engaging with prospective partners in an exercise tagged, “NNPC Ltd. IPO Beauty Parade” in line with capital market regulations before the commencement of the Initial Public Offer (IPO). 

An IPO is a public offering in which shares of a company are sold to institutional investors. 

The PIA provides for the NNPCL to list its shares in the capital market in line with the provisions of the Company and Allied Matters Act (CAMA) 1990

According to the CFIO, the aim of the IPO Beauty Parade, is to access potential partners and determine in what ways they could be of support to the company.

He listed the areas of partnership required to include: Investor Relations, IPO Readiness Advisers, and Investment Bank Partners.

He said the company with the best offer in terms of project partnership would be selected for each of the three categories.

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    Oluchi Chibuzor

    Keystone Bank Limited has lauded the President Bola Tinubu-led administration for its undying support towards youth development in Nigeria.

    The bank expressed its appreciation at a solidarity dinner held in honour of the Minister for Youth Development, Comrade Ayodele Olawande and the Coordinator-General of the Youth Economic Intervention and De-Radicalisation Program (YEIDEP), Comrade Kennedy Iyere in Lagos.

    A statement by the bank said the event was organised to recognise the minister and the YEIDEP coordinator for their unwavering commitment to empowering Nigerian youths by fostering job creation, financial independence, and economic productivity.

    Speaking at the event, the Executive Director of Keystone Bank, Nnenna Anyim-Okoro, acknowledged the visionary leadership of President Bola Tinubu for initiating YEIDEP.

    She lauded the appointment of Iyere as youth minister, stressing the minister understands the realities and challenges faced by the Nigerian youths.

    “We want to appreciate the federal government and the Minister of Youth Development for their continued commitment to addressing the needs and concerns of the youth, ensuring that their challenges are tackled effectively. At Keystone Bank, we recognize that financial inclusion is a critical pillar to the journey of youth empowerment and productivity; hence, this strategic collaboration.

    “We believe that access to financial services is not just a privilege but a fundamental right that fosters entrepreneurship, wealth creation, and economic stability. This belief underscores our partnership with the Ministry of Youth Development to support the YEIDEP initiative.” She stated.

    In his remarks, the Minister of Youth Development emphasised the importance of empowering young people with the resources and opportunities they need to succeed.

    He highlighted the ministry’s commitment to collaboration in various forms to support Nigerian youths, ensuring that they are guided, protected, and empowered for the future.

    He also expressed his appreciation to Keystone Bank for the partnership and reaffirmed the ministry’s readiness to work closely with the bank in advancing youth empowerment initiatives.

    ​  

    Oluchi Chibuzor Keystone Bank Limited has lauded the President Bola Tinubu-led administration for its undying support towards youth development in Nigeria. The bank expressed its appreciation at a solidarity dinner

    TD Africa Aligns with EcoFlow to Boost Clean Energy

    TD Africa Aligns with EcoFlow to Boost Clean Energy

    Emma Okonji

    EcoFlow, in partnership with TD Africa, at the weekend in Lagos, launched its operations in Nigeria, with the introduction of River 3 Max Plus, a portable power station that has the capacity to power residential homes and business environment, thus marking a significant step in the company’s commitment to Africa’s renewable energy sector.

    Speaking at the product launch, Managing Director, Technology Distributions (TD Africa), Chioma Chimere, said: “EcoFlow is the first of its kind in Nigeria, operating in over 140 countries in the world. From the beginning of time, energy generation has played a permanent and indispensable role in our day-to-day activities. Millions of Nigerians today are hungry for a country where power is within their reach, where power is affordable, where power is clean and usable.

    This is the vision that drives EcoFlow and indeed TD Africa has aligned its mission with EcoFlow to bring its innovative products from portable power stations to gas power generators that are affordable and usable across Africa. We want Nigeria to embrace clean energy and we want to reduce the carbon footprint.” Speaking about how the solution will address Nigeria’s energy crisis, through technology innovation, Business Development Manager, EcoFlow Nigeria, Isaiah Umoh, said the solution was designed to provide reliable, eco-friendly energy access, adding that EcoFlow seeks to empower millions of Nigerians to overcome the limitations of the power grid, thus

    ​  

    Emma Okonji EcoFlow, in partnership with TD Africa, at the weekend in Lagos, launched its operations in Nigeria, with the introduction of River 3 Max Plus, a portable power station

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