NNPCL Will Be Fully Listed On NGX One Day – Tinubu
President Bola Tinubu has announced that the Nigerian National Petroleum Company Limited (NNPCL) will eventually be listed on the Nigerian Exchange Limited (NGX) as part of his administration’s ongoing reforms aimed at transforming the state-owned oil company into a more competitive and transparent business. TopTori reports that the President made this known on Thursday while receiving the management of the Nigerian Exchange Limited at the Presidential Villa in Abuja. Tinubu said his administration wants to build NNPCL into a company that operates at the level of Saudi Arabia’s Aramco. He said the reforms being carried out, together with the implementation of the Petroleum Industry Act, are expected to improve the company’s operations and strengthen Nigeria’s oil and gas industry. According to the President, the plan is not to list only parts of the company but to eventually place the entire NNPCL on the Nigerian stock market. He said the move forms part of a broader e...