NNPC's Bayo Ojulari Confirms No IPO Date Set Yet
The Nigerian National Petroleum Company Limited (NNPCL) has announced that it currently does not have a fixed date for its planned initial public offering (IPO). Bayo Ojulari, the Group Chief Executive Officer of NNPC Ltd, stated this during a briefing in Abuja regarding the company’s 2025 audited financial results.
He emphasized that the decision to list the company will ultimately be made by its shareholders. Ojulari mentioned that consultants would advise on the appropriate timing for the IPO after addressing identified gaps in compliance with listing requirements.
He noted that NNPC Ltd has completed the first phase of a diagnostic review and is actively working on preparing for a potential listing. The proposed IPO will encompass the entire company rather than just its refineries.
Ojulari linked the IPO plan to the recovery of debts owed to NNPC Ltd, stating that effective management of these debts is crucial for operating as a listed entity.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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