Nigeria · Markets
Key Facts
—What he said: Receiving the Nigerian Exchange Group board in Abuja on 6 August 2026, President Bola Tinubu said Nigeria could reform NNPC “to the extent that one day, the totality of it, not just the arms and legs, the totality of it will be listed there.”
—What is missing: No timetable, no valuation, no advisers, no prospectus. NNPC Limited’s group chief executive, Bashir Bayo Ojulari, pointed to 2028 in a speech in July 2025.
—The audience: NGX Group had just asked the government to privatise and list commercially viable state assets. The pledge was made to the people who requested it.
