BY NGOZI ONYEAKUSI

NNPC Ltd has revealed plans to list the national company on leading international stock exchanges, as ongoing reforms reshape the national oil firm to attract global investors.

This was disclosed by the Group Chief Executive Officer of NNPC,  Bayo Ojulari, while Speaking at an industry forum at the recently concluded CERAWeek by S&P Global Conference in Houston, Texas, Ojulari said NNPC is laying the foundation for an Initial Public Offering (IPO), with potential listings in financial hubs such as New York and London under consideration. He stressed, however, that the company is prioritising structural and operational readiness over speed, focusing on transparency, governance, and performance to make it attractive to global investors. “Our strategy is not just about listing, but about building the right fundamentals, transparency, cost efficiency and world-class project delivery, that will make NNPC a company investors are eager to back,” he said. According to him, the planned IPO forms a central pillar of NNPC’s broader transformation into a commercially driven and globally competitive energy company.