FG Aims for N750trn Capital Market via NNPC and NLNG Listings

The Federal Government has outlined plans to achieve a capital market valued at N750 trillion through the listing of Nigerian National Petroleum Company Limited and Nigeria LNG Limited on the Nigerian Exchange Limited.

This initiative was revealed during the unveiling of the Nigerian Capital Market Master Plan 2.0, with Vice President Kashim Shettima and Minister of Finance Taiwo Oyedele present at the event in Abuja.

Oyedele emphasized the need for Nigeria to reach a $1 trillion capital market within a decade, aligning with the country’s goal of achieving a $1 trillion economy by 2030.

He stated that publicizing shares in state-owned oil and gas firms would enhance market depth, increase transparency, and expand public ownership of national assets.