Nigerian President Bola Tinubu has indicated plans to sell shares in the Nigerian National Petroleum Corporation (NNPC) on the Nigerian Exchange (NGX).
The signal points to a potential initial public offering or partial privatization of the state-owned energy giant, marking a significant step in the administration's broader economic reform agenda.
The prospect of an NNPC listing introduces a major new instrument to the NGX, which has seen a sharp rise in corporate profits recently.
President Tinubu previously cited these profit gains as evidence that his economic policies are taking hold.
A successful listing could deepen market liquidity and provide a benchmark for large-cap valuations in the region.
This development comes as the NGX experiences mixed performance.