Listing IJVs could boost stock market cap by $10bn

Listing IJVs could boost stock market cap by $10bn

Nigeria’s stock market could see an increase in market capitalisation to the tune of $10 billion as a result of incorporating the oil Joint Ventures (JV) and listing their assets, BusinessDay findings show. Currently, the International Oil Companies (IOCs) account for 43.4 percent of the total oil production in Nigeria as a group while NNPC’s…

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