The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPCL) has acknowledged that listing on inventory alternate 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 also happen, echoing strikes by the UAE’s state oil agency ADNOC.
He mentioned preparations for any NNPC listing will seemingly take no less than all of subsequent yr, with the first goal to enhance NNPC’s transparency and governance as per Nigerian regulation, and with elevating money solely its secondary goal.
Ojulari additionally acknowledged that Chinese firms had proven curiosity in shopping for stakes — reasonably than simply contracting work — in a few of Nigeria’s smaller oil refineries that require large repairs, resembling Port Harcourt and Warri.
He had beforehand mentioned NNPC was in talks with a Chinese engineering firm to refurbish no less than one in all its refineries, which haven’t labored at full capability for extra than a decade.
NNPC would retain no less than 10% in fairness underneath any deal.
He mentioned he anticipated no less than a type of smaller refineries to begin 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 fuel to Abuja earlier than the tip of the yr for energy era, knowledge centres and industrial hubs.
Daily Trust reviews that the pipeline which has been underneath development for the previous six years has missed a number of deadlines attributable to 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 fuel 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, based on its month-to-month report abstract for the month.
Total income for the interval stood at N4.6trn.
The report, launched on Tuesday reveals complete 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 fuel manufacturing reached 7,789 million commonplace cubic ft 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 fuel 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 increased 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 bought 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 underneath assessment 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 100%.
On downstream operations, petrol (PMS) availability at NNPC Retail Limited (NRL) stations was 54 %.
On infrastructure, the report says the Obiafu-Obrikom-Oben (OB3) fuel pipeline is 100 per cent full, with the River Niger crossing commissioned and operationalised.
The Ajaokuta-Kaduna-Kano (AKK) fuel pipeline is 95 % full. The firm mentioned it’s working with stakeholders to hurry up development and pre-commissioning actions in order that early fuel will be delivered to Abuja in 2026.
To maintain the manufacturing development, NNPC Limited mentioned it might pace up the restoration of shut-in wells and amenities, optimise manufacturing and perform nicely interventions.
It additionally plans to strengthen facility reliability and preventive upkeep, handle subsurface and flowline integrity points, enhance neighborhood engagement, and resolve storage, tank-top and export infrastructure constraints to minimise deferments and defend manufacturing positive factors.
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