NNPC eyes 10% equity sale, London, New York listings
AI Executive Briefing
Verified Synthesis~50s readAccording to the report, “Nigeria’s state oil company NNPC is likely to float a five per cent to 10 per cent stake in an initial public offering, focused primarily on the domestic market, with a potential secondary listing in London or New York. CREDIT: NNPC The Nigerian National Petroleum Company Limited is considering selling between five and 10 per cent of its equity to investors through an initial public offering, with a possible secondary listing on the London or New York stock exchanges.
Context & Background
- ✦The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, saying the proposed share sale would focus primarily on Nigeria’s domestic capital market, while international listings could follow.
Key Figures & Named Entities
2026:The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, during the energy talk titled ‘Nigeria’s Reform Agenda: Competing for Energy Capital’, at the 2026 Abu Dhabi International Petroleum Exhibition and Conference in the United Arab Emirates on Tuesday.Tuesday:The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, saying the proposed share sale would focus primarily on Nigeria’s domestic capital market, while international listings could follow.2025:The company had earlier indicated that it was working towards listing on the Nigerian Exchange, with Ojulari saying in July 2025 that it had a roadmap to achieve the objective by 2028.
Outlook & Next Steps
Follow original publisher reporting for subsequent developments, official responses, and verified updates.
Key Takeaways
Verified Extract- According to the report, “Nigeria’s state oil company NNPC is likely to float a five per cent to 10 per cent stake in an initial public offering, focused primarily on the domestic market, with a potential secondary listing in London or New York.
- CREDIT: NNPC The Nigerian National Petroleum Company Limited is considering selling between five and 10 per cent of its equity to investors through an initial public offering, with a possible secondary listing on the London or New York stock exchanges.
- The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, saying the proposed share sale would focus primarily on Nigeria’s domestic capital market, while international listings could follow.
Key Facts:2026: The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, during the energy talk titled ‘Nigeria’s Reform Agenda: Competing for Energy Capital’, at the 2026 Abu Dhabi International Petroleum Exhibition and Conference in the United Arab Emirates on Tuesday.Tuesday: The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, saying the proposed share sale would focus primarily on Nigeria’s domestic capital market, while international listings could follow.2025: The company had earlier indicated that it was working towards listing on the Nigerian Exchange, with Ojulari saying in July 2025 that it had a roadmap to achieve the objective by 2028.2026: However, in September 2026, he said no date had been fixed, adding that the final decision rested with the company’s shareholders.
Editorial Excerpt
The Nigerian National Petroleum Company Limited is considering selling 5-10% of its equity in an IPO, with a primary focus on the domestic market.
Frequently Asked Questions About This Story
What is the latest development regarding NNPC Limited?
According to the report, “Nigeria’s state oil company NNPC is likely to float a five per cent to 10 per cent stake in an initial public offering, focused primarily on the domestic market, with a potential secondary listing in London or New York.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include NNPC Limited, Aliko Dangote.
What timeline or key figures were confirmed?
The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, during the energy talk titled ‘Nigeria’s Reform Agenda: Competing for Energy Capital’, at the 2026 Abu Dhabi International Petroleum Exhibition and Conference in the United Arab Emirates on Tuesday.
