NNPC considers 5-10% equity sale in IPO, London or New York listings

NNPC Limited is considering selling 5-10% of its equity in an initial public offering focused on the Nigerian market, with possible secondary listings in London or New York. The move aims to boost transparency and governance while allowing Nigerians to own shares without the government losing operational control; preparations may take all of next year.

Pidgin: NNPC Limited dey consider to sell 5-10% of im equity for initial public offering wey go focus on Nigerian market, plus possible secondary listings for London or New York. Di move na to increase transparency and governance while e go allow Nigerians to own shares without government to lose operational control; preparations fit take all of next year.

How this affects you: No direct impact stated in source.