The Nigerian National Petroleum Company Limited (NNPCL) is preparing to sell shares in an Initial Public Offering (IPO), as mandated by the Petroleum Industry Act 2021.

The company is in the final stages of its preparations and is engaging potential partners through an “IPO Beauty Parade” to secure investors and advisors.

NNPCL aims to list its shares on the capital market, signaling a major shift towards greater transparency and public investment.