NNPC has the highest share capital in Nigeria – CAC

NNPC has the highest share capital in Nigeria – CAC

The Corporate Affairs Commission (CAC) has disclosed that the Nigerian National Petroleum Company (NNPC) Limited is the company with the highest share capital in the country.

CAC’s Registrar General, Alhaji Garba Abubakar, disclosed this in Abuja while presenting the Certificate of Incorporation of the Company to President Muhammadu Buhari at the State House.

Abubakar said that the company was registered electronically within 24 hours, with an initial share capital of N200 billion.

He said that the commission completed the registration of the NNPC Limited on 22 September 2021.

Responding, Buhari noted with delight the feat attained by the NNPC Limited and charged the Management of the Company to ensure that it was adequately capitalized.

He pledged his continued support to the company which, he noted, was strategic to the economic development of the country, and prayed for its success.

NNPC has the highest share capital in Nigeria – CAC