The Nigerian National Petroleum Company (NNPC), now NNPC Limited, is back in the news, announcing that it can no longer read more What is holding up NNPC from becoming a publicly listed company?
NNPC's reluctance to become a publicly listed company stems from its lack of transparency and accountability, with concerns that it operates as a "piggy bank" for the government, bypassing standard oversight. The delay in listing, similar to the PIA's long passage, contributes to the declining value of NNPC as the global energy landscape shifts. Public listing would introduce market scrutiny, potentially unlock significant value in its subsidiaries, and align NNPC with other successful national oil companies.
