NSE to sell N34.7bn NNPC holdings in AP

By Friday Ekeoba Lagos - 25.06.2008

The Nigerian Stock Exchange (NSE) will today trade a total of 118 million shares of Nigerian National Petroleum Corporation (NNPC) pension fund holding in African Petroleum (AP) Plc through a special sale on the floor of the exchange at the extent market price of N293.98 per share.

The currently Chairman of AP, Mr. Femi Otedola, had acquired a 26 per cent holding to become the new core investor following the divestment of the former core investor, Sadiq Petroleum.