No date yet for NNPC Ltd IPO — Ojulari

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has revealed that the timeline for its highly anticipated Initial Public Offering (IPO) remains undetermined.

Speaking in Abuja following the company’s Annual General Meeting and the release of its 2025 audited financial statements, Group Chief Executive Officer Bayo Ojulari emphasized that management’s primary responsibility is ensuring corporate readiness rather than dictating a public listing schedule.

He noted that an official launch date depends heavily on comprehensive evaluations by independent consultants, prevailing market conditions, and broader strategic priorities.

Ojulari stressed that the authority to trigger a public offering ultimately lies with the company’s shareholders acting on behalf of the country, rather than executive management.

While efforts remain focused on embedding transparency, strong accountability, and sustained performance to prepare the energy giant for the stock market, he decalred that stakeholders will make the final determination when the time is right.