The Nigerian National Petroleum Company Limited (NNPC) has progressed its preparations for a public listing on the stock market. The company is making changes to its reporting structures and addressing gaps in its governance framework as part of this process. The listing could represent a major event for Nigeria's capital markets.
A public flotation of the state oil company would be significant for investors and the broader financial system. The governance improvements being put in place ahead of listing are intended to bring the company's standards into line with requirements for publicly traded firms.