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Nigeria's NNPC CEO says IPO is not an option

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Nigeria's NNPC CEO says IPO is not an option

Nov 3, 2025 10:40 PM

ABU DHABI, Nov 4 (Reuters) - Nigerian state-owned oil

firm NNPC CEO Bayo Ojulari said on Tuesday that an IPO is not an

option for the company.

Speaking at the ADIPEC energy conference in Abu Dhabi,

Ojulari added the company is working towards increasing its

stake in Dangote refinery to 20%.

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