Tinubu Plans NNPC Listing on NGX Amid Market Rebound
President Bola Tinubu announced plans to reform and list the Nigerian National Petroleum Company on the Nigerian Exchange Group. This move follows a significant rebound in the national stock market, which grew from N30tn to N160tn since 2023.
Why it matters
Privatizing or listing a state-owned oil company is a major economic shift that could significantly impact Nigeria's fiscal stability and investment landscape.
President Bola Tinubu receives the NGX performance report from the Chairman Nigerian Stock Exchange (NGX Group), Alhaji (Dr.) Umaru Kwairanga (Left) and Group Managing Director and Chief Executive Officer of Nigerian Exchange Group (NGX Group), Temitope Popoola, (Right) at the State House, Abuja, Thursday, August 6, 2026. Photo: State House
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