The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr Bashir Ojulari, says that the company is earnestly preparing for listing on the Nigerian Exchange (NGX).
Ojulari said at the ongoing 2025 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) that the NNPCL was already transforming its process and positioning for its Initial Public Offering (IPO).
He explained that the company is preparing for its IPO under the Petroleum Industry Act (PIA 2021) by improving governance, operational transparency and accountability to meet international investment standards and expectations.
“Our IPO journey is mandated by law. We are publishing monthly performance reports and embedding global best practices to make NNPC a high-performing, investor-ready company with enhanced transparency.
“The ‘Fit for the Future’ project focuses on market leadership, building the necessary structures for IPO readiness, increasing investor attractiveness, and strengthening the company’s long-term competitiveness and operational capacity,” local media reports quoted Ojulari as saying.
The reports added that Ojulari assured that the company’s “Fit for the Future” strategy is intended to achieve global competitiveness, public listing, and a pivotal role in connecting Africa to international markets through extensive gas infrastructure development initiatives.
GIK/APA