NNPC Ltd. CEO Confirms No IPO Date Yet Amid Readiness Assessments
The Nigerian National Petroleum Company Limited (NNPC Ltd.) announced that it does not have a fixed date for its proposed Initial Public Offering (IPO), with the final decision to proceed resting with its shareholders. Bayo Ojulari, the Group Chief Executive Officer of NNPC Ltd., made this disclosure during a news conference in Abuja on the company's 2025 Audited Financial Statements, following its Annual General Meeting.
Ojulari emphasized that while the company is focused on achieving readiness for the IPO, the management cannot independently determine the timing of the offering. He noted that consultants and relevant parties are assessing the company's preparedness, and the IPO's timing will depend on this assessment, prevailing market conditions, and other strategic factors.
Ojulari reiterated the importance of transparency and sustainable performance as critical requirements for the IPO. The company plans to communicate the IPO date once assessments are completed.
NNPC Ltd. has been preparing for the IPO for several years, with a roadmap aiming for a listing by 2028.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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