NNPC CEO Bayo Ojulari Confirms No IPO Date Yet

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that it does not have a fixed date for its proposed Initial Public Offering (IPO). Group Chief Executive Officer Bayo Ojulari made this announcement during a news conference in Abuja, following the company’s 2025 Audited Financial Statements and Annual General Meeting.

Ojulari emphasized that the decision regarding the IPO ultimately lies with the shareholders. He noted that while the company is working diligently to prepare for the IPO, the timing will depend on the outcome of readiness assessments conducted by consultants and other relevant parties.

Ojulari highlighted that NNPC's management is responsible for ensuring all necessary requirements for listing are met, stressing the importance of transparency, accountability, and sustainable performance. He confirmed that the IPO date would be communicated once the assessments are completed and appropriate advice is received.