Try searching for “NNPC share price” online. You will see many different numbers. Some websites say they show the current price. Others even offer to sell you shares. Almost all of it is false. Here is the truth. NNPC Limited is not listed on any stock exchange. That means its shares are not traded in […]

The answer depends on which NNPC you mean. Let’s start with the old NNPC. This was the Nigerian National Petroleum Corporation. The government created it by law in 1977. It was not a normal company. It had no shareholders. The government owned it, but nobody held shares in it. Now let’s talk about NNPC Limited. […]

If you’ve been following the news about NNPC Limited’s planned IPO, you might assume the company is already listed on a stock exchange. It’s not. The short answer is no. NNPC Limited is not listed on the Nigerian Stock Exchange or any other stock exchange. The company is privately held by government entities with no […]

If you’ve been following the news about NNPC Limited, you’ve probably seen headlines about a possible public listing. The company is considering selling shares to the public. But that’s not the same as actually doing it. The short answer is no. The public cannot currently buy shares in NNPC Limited. All shares are held by […]

If you’ve ever wondered how much money a national oil company actually needs to get started, the answer for NNPC Limited is ₦200 billion. That’s not a typo. Two hundred billion naira. At the time of incorporation in September 2021, that made NNPC Limited the company with the highest share capital in Nigeria. Not Dangote. […]

If you ask most Nigerians who owns NNPC, they’ll give you the short answer: “The government.” And they’re not wrong. But the real answer is more precise now than it ever was before. Before 2021, the government owned NNPC because the NNPC Act said so. That was it. No shares. No certificates. No formal structure. […]