To do that, we have to create sure there is transparency, transparent accountability and sustainable output,” he said.
Ojulari reiterated that management could solely classify the enterprise for listing, whilst the ultimate decision to transfer forward would be taken by the shareholders on behalf of the country.
The organization said it would achieve the IPO date once the appropriate assessments had been completed and the important counsel received.
NNPC’s IPO expedition so far
NNPC Ltd.’s proposed IPO has been in preparation for multiple years, using the firm previously indicating that it was functioning towards a prospective listing on the Nigerian Trade (NGX).
- Nairametrics reported in March 2025 that NNPC Ltd. was in the final stages of preparing for an IPO and had commenced an “IPO Beauty Parade” to determine partners for investor relations, IPO readiness informative and investment banking support.
- The firm said the process was being undertaken in line including the Petroleum Offer Act (PIA) 2021.
In July 2025, NNPC Category Principal Executive Officer Bayo Ojulari said the business had a roadmap to be listed by 2028 as component of its transformation into a commercially feasible energy organization.
In August 2026, President Bola Tinubu again signalled plans to list NNPC on the investment advertise, saying the business would be reformed and sooner or later listed to permit Nigerians and other investors to own shares.
It’s the shareholders that will take at persist that decision on behalf of the country,” he added.
He explained that consultants and other applicable parties would evaluate the enterprise’s comprehensive readiness earlier than a timeline can be identified.
- “But just furthermore bear in mind that we cannot just resolve a date for IPO on our own.
The Nigerian Domestic Petroleum Enterprise Limited (NNPC Ltd.) has said it does not have a group date for its proposed Initial Community Offering (IPO), noting that the final decision to continue rests alongside its shareholders.
Bayo Ojulari, Collection Principal Executive Officer of NNPC Ltd., disclosed this on Tuesday in Abuja at a news conference on the organization’s 2025 Audited Financial Statements, following its Annual Whole Meeting.
Ojulari said the firm was focused on achieving readiness for the proposed IPO, whereas consultants and other applicable parties measure its preparedness.
IPO date yet to be determined
Ojulari said NNPC Ltd. was functioning to guarantee it is prepared for the proposed IPO but stressed that manner cannot independently determine when the offering will take place.
- “We don’t have a date, but we are functioning demanding to constitute sure we are available as before extended as we can,” he said.
- “The decision to take IPO is not ours. It is the consultants and the parties that evaluate and evaluation that will provide us a sense of readiness comprehensive when they finish,” he said.
Exchange conditions to mold timing
Ojulari said the timing of the proposed IPO would depend on the outcome of the readiness assessment, prevailing promote conditions and other strategic considerations.
He said the responsibility of NNPC Ltd.’s administration and board was to confirm that all requirements and evidence needed to create the firm available for listing were in place.
According to Ojulari, transparency, plain accountability and sustainable operation would be decisive requirements as the enterprise prepares for a prospective listing.
He said NNPC Ltd. needed to gather the essential standards in advance of proceeding using the IPO.
- “So, we prefer to group our bar where it belongs.
