NNPCL plans to sell 10% stake as revenue reaches N4.61 trillion

NNPCL chief executive Bayo Ojulari told Reuters the state-owned oil company is considering selling between 5% and 10% of its shares to investors through an IPO, without giving a timeline. A secondary listing in London or New York is also under consideration, while the federal government would retain operational control. In September 2026, NNPCL reported revenue of N4.61 trillion and profit after tax of N509 billion, with total hydrocarbon production at 3.04 million barrels of oil equivalent per day. On Wednesday, its Abuja retail outlets cut fuel prices to N1,315 per litre from N1,370–N1,405.