Nigeria oil company wey government own dey consider to sell between 5% and 10% of im shares di first time e go offer shares to di public. Group chief executive Bashir Bayo Ojulari discuss how big di sale fit be on 3 November for energy conference for Abu Dhabi. Wetin e talk give people wey fit invest idea of how much of di company dem fit offer.
Ojulari tell Reuters say if dem go ahead with di offer, di main stock market go dey Nigeria. E talk too say dem fit list di shares for London or New York as second market. Na possible places for extra listing. Di interview no announce say dem don choose either foreign city, or say trading get date to start for Nigeria.
If di first public offer happen, members of di public fit buy part of NNPC Limited. Imagine say dem divide di whole company into 100 equal parts. Wetin Ojulari talk about na five to ten of dose parts. E no tell anybody di price of one share or how much gain buyer fit expect.
Di executive say preparation fit well last reach at least di end of 2027. E say to improve how dem run di company and make wetin dem dey do more open na di main reasons to list. To raise money na second aim. Di time e talk na for preparation. E no give investors any particular day wey di offer go open.
Ojulari still discuss di possibility say other companies wey NNPC control fit list later. If you buy share for one of dose companies and you buy share for di parent company, na part of two different companies you buy. Di percentage for di first NNPC offer no automatically apply to every business for di group.
Wetin e mean for you. If you dey follow di plan, look for di actual offer document wey go show which company, di price, when application go open and close, and how to apply. Di percentage wey Ojulari mention for Tuesday interview alone no answer dose questions. E no announce when people fit apply to buy shares or how dem go pay.