Taiwo Oyedele pushes for NNPCL, NLNG listing to boost transparency, wealth creation

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has actually kept that crucial federal government possessions, such as the Nigerian National Petroleum Company Limited (NNPC Ltd) and Nigeria LNG Limited (NLNG), should be noted to enhance openness and wealth production.

Oyedele revealed this on Monday at the National Capital Market Conference 2026, participated in by Nairametrics.

Nairametrics formerly reported that NNPC had actually revealed strategies to advance its going public (IPO) as it executes governance reforms and addresses monetary reporting spaces determined by its advisors ahead of a possible capital market listing.

Federal government option properties should be noted

Speaking at the occasion, the minister stated that, following federal government reforms, Nigeria’s gdp (GDP) at acquiring power parity (PPP) stood at $2.4 trillion.

He explained this as proof of an economy waiting to remove and one that was currently removing.

• “By the time inflation boils down to single digits, rates of interest follow at single digits, we’re growing at 4.43%, obtaining at 30%, picture what would take place when services obtain at single digits. Which’s what we’re getting to now,” he stated.
• “So by the time we end up being a $1.5 trillion economy, our capital market can not and need to not be less than $1 trillion,” he included.

Oyedele assured that the Federal Government would do whatever needed and take the lead in tidying up NNPC ahead of its listing.

• “If we tidy up the NNPC and list the NNPC, do you understand that NNPC deserves more than the whole capital market price that we have today in Nigeria?he asked.
• According to him“NNPC, NLNG, those option possessions of federal government need to be noted because, by doing that, I think that we will in fact get a win-win result.”

He highlighted that NNPC deserves more than 10% of Saudi Aramco.

• “Saudi Aramco deserves $1.6 trillion. Simply provide NNPC 10% of that, that’s $160 billion,” he stated, prompting stakeholders not to be restricted in pursuing the country’s capital market aspirations.
• He discussed that noting federal government properties would “enhance openness, permit Nigerians who own these possessions to share in the wealth, and deepen the capital market.”

The minister likewise released the National Savings Scheme, stating tax rewards would be offered within the ambit of the law, correctly costed, and transparently administered to normal Nigerians.

NEC to deal with SEC strategy as nationwide effort– Shettima

Vice President Kashim Shettima, who was represented by the Deputy Chief of Staff to the President, Senator Hassan Hadeija, applauded the Securities and Exchange Commission (SEC) for being deliberate about enhancing enforcement, bringing digital possessions within the regulative border, promoting faster settlement, and protecting the stability of the Nigerian market before international index companies.

• When policy is firm, reasonable, and positive, capital stays, and under the watch of this board and management group, capital not just remained, it increased for the advantage of financiers and the nation,” he stated.

He ensured the audience that the National Economic Council, which he chairs, would deal with the master strategy as a nationwide effort.

• He included that the council would deal with the commission to make sure that every state comprehends how to utilize the marketplace properly through well-structured bonds, trustworthy job pipelines, and the openness financiers require.
• He acknowledged that the budget plan alone might not close the country’s facilities space, which is determined in trillions of dollars, highlighting that foreign loaning might not be the only choice.
• Shettima consequently released the strategy and inaugurated its Project Steering Committee and the Capital Market Master Plan Implementation Committee.

SEC Director-General Emomotimi Agama stated the strategy intends to grow the marketplace from a standard of about N250 trillion to N750 trillion by 2036, making the capital market a primary investor of the President’s vision of a $1 trillion economy.

He informed the audience that history would not evaluate the capital market by the height of its index, however by the number of Nigerians it made owners, the number of organizations it funded, and the number of futures it protected.

NNPC earnings falls 35% in H1 2026

NNPC’s preparations for a public listing come amidst a decrease in its monetary efficiency in the very first half of 2026, in spite of staying lucrative throughout the duration.

According to monetary information examined by Nairametrics, the business tape-recorded a revenue after tax of N2.28 trillion in the 6 months ended June 2026, representing a 35.4% decrease from the N3.53 trillion reported in the matching duration of 2025.

• NNPC started 2026 with an earnings of N385 billion in January before incomes decreased to N136 billion in February, its most affordable month-to-month outcome throughout the duration.
• Earnings recuperated to N276 billion in March and increased even more to N481 billion in April.
• Revenues moderated to N462 billion in May, they rebounded to N535 billion in June, the business’s greatest regular monthly efficiency in the very first half of 2026.
• The figures brought NNPC’s cumulative first-half earnings to around N2.28 trillion, representing a decrease of N1.25 trillion compared to the matching duration of 2025.

In August 2026, President Bola Tinubu charged NLNG management to turn the country’s gas reserves into financial advantages after Nigeria flared more than 203.9 billion basic cubic feet of gas in 2025.