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Friday, 27 August 2021

Nigeria’s oil firm NNPC considering IPO after first profit in 40-year

Nigeria’s oil firm NNPC considering IPO after first profit in 40-year: Nigeria’s state oil firm, the Nigerian National Petroleum Corporation (NNPC) is considering an initial share sale after posting the first profit in its 44-year existence. Provisions in the newly signed Petroleum Industry Act (PIA) enable the corporation to offer shares to the public, NNPC Group ...

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