Nigeria announces NNPCL reform and listing plan
Nigeria's NGX board was told that NNPCL will be reformed and listed, a move that would require audited accounts and could bring transparency and capital to Nigeria's oil sector. NNPCL holds 55-70% stakes in nearly every major oil asset in the country.
Detected & updated continuously · Source: Nebula
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@iamkennifizzle
A listed, reformed NNPC means transparency, accountability, and capital finally flowing to JV cash calls, gas infrastructure, and refining — not fuel price stabilization. If Tinubu delivers this, it’s one of the most consequential energy reforms in Nigeria’s history.
@richtosho
NGX board has been asked at the Villa that NNPCL will be reformed and listed. This matters hugely. NNPCL holds 55–70% stakes in nearly every major oil asset. Nigeria produces about 1.7 million barrels per day, with NNPCL’s arm at 365,000 bpd. Listing demands audited accounts, https://t.co/0AH8s5yZYc