The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPCL) has acknowledged that listing on inventory change will begin with 5 to 10 per cent stake in an preliminary public providing (IPO).
According to Reuters, Ojulari mentioned the listing will focus totally on the home market, with a possible secondary listing in London or New York.
He added that additional listings of NNPC subsidiaries may additionally happen, echoing strikes by the UAE’s state oil agency ADNOC.
He mentioned preparations for any NNPC listing will probably take at the very least all of subsequent 12 months, with the first goal to enhance NNPC’s transparency and governance as per Nigerian legislation, and with elevating money solely its secondary goal.
Ojulari additionally acknowledged that Chinese corporations had proven curiosity in shopping for stakes — fairly than simply contracting work — in a few of Nigeria’s smaller oil refineries that require massive repairs, comparable to Port Harcourt and Warri.
He had beforehand mentioned NNPC was in talks with a Chinese engineering firm to refurbish at the very least one among its refineries, which haven’t labored at full capability for extra than a decade.
NNPC would retain at the very least 10% in fairness beneath any deal.
He mentioned he anticipated at the very least a type of smaller refineries to start out producing once more inside a most of three years.
In one other assertion, the GMD was quoted as stating that the Ajaokuta-Kaduna-Kano (AKK) pipeline is anticipated to ship gasoline to Abuja earlier than the tip of the 12 months for energy era, knowledge centres and industrial hubs.
Daily Trust stories that the pipeline which has been beneath development for the previous six years has missed a number of deadlines resulting from finance and topography.
But the NNPCL has acknowledged that development of the pipeline has been accomplished with ancillary infrastructure alongside the hall remaining earlier than gasoline flows to the Abuja part.
…declares N509bn revenue in September
Meanwhile, the corporate mentioned it recorded a revenue after tax of N509 billion in September 2026, in line with its month-to-month report abstract for the month.
Total income for the interval stood at N4.6trn.
The report, launched on Tuesday reveals whole hydrocarbon manufacturing of three.04 million barrels of oil equal per day (mmboe/d), up from 2.79 mmboe/d in October 2025.
Crude and condensate output was 1.70 million barrels of oil per day (mmbopd), whereas pure gasoline manufacturing reached 7,789 million commonplace cubic toes per day (mmscf/d).
A breakdown of the September output confirmed crude at 1.45 mmboe/d, condensate at 0.24 mmboe/d and pure gasoline equal at 1.34 mmboe/d.
Production was barely decrease than the height of three.07 mmboe/d recorded in May and June 2026 however larger than the two.97 mmboe/d posted in July and the three.01 mmboe/d in August.
Gas manufacturing adopted an identical sample. It rose from 6,997 mmscf/d in October 2025 to 7,789 mmscf/d in September 2026, after reaching 7,841 mmscf/d in June.
Gas gross sales for September have been 4,793 mmscf/d, in contrast with 4,737 mmscf/d in August and 4,713 mmscf/d in October 2025.
On crude oil and condensate gross sales, the corporate offered 24.63 million barrels in September, made up of 23.64 million barrels of crude and 0.99 million barrels of condensate.
This compares with 24.56 million barrels in August and 22.53 million barrels in July.
The highest month-to-month gross sales within the interval beneath evaluation have been 28.64 million barrels in October 2025, adopted by 28.23 million barrels in June 2026.
Statutory funds from January to September 2026 totalled N11,140 trillion. Upstream pipeline availability stood at one hundred pc.
On downstream operations, petrol (PMS) availability at NNPC Retail Limited (NRL) stations was 54 p.c.
On infrastructure, the report says the Obiafu-Obrikom-Oben (OB3) gasoline pipeline is 100 per cent full, with the River Niger crossing commissioned and operationalised.
The Ajaokuta-Kaduna-Kano (AKK) gasoline pipeline is 95 p.c full. The firm mentioned it’s working with stakeholders to hurry up development and pre-commissioning actions in order that early gasoline will be delivered to Abuja in 2026.
To maintain the manufacturing progress, NNPC Limited mentioned it will velocity up the restoration of shut-in wells and amenities, optimise manufacturing and perform effectively interventions.
It additionally plans to strengthen facility reliability and preventive upkeep, tackle subsurface and flowline integrity points, enhance group engagement, and resolve storage, tank-top and export infrastructure constraints to minimise deferments and shield manufacturing features.
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