{
  "id": 15722672,
  "title": "NNPC, NLNG Listings: FG targets N750trn capital market, eyes $1trn valuation",
  "url": "https://urgent.news/2026/10/20/nnpc-nlng-listings-fg-targets-n750trn-capital-market-eyes-1trn",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T07:48:58.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/10/20/nnpc-nlng-listings-fg-targets-n750trn-capital-market-eyes-1trn-valuation/"
  },
  "original_language": "en",
  "account": "The Federal Government of Nigeria has set ambitious targets for the country's capital market, aiming for a valuation of N750 trillion and a valuation of $1 trillion within a decade. The Nigerian National Petroleum Company Limited (NNPCL) and Nigeria LNG Limited (NLNG) are set to list on the Nigerian Exchange Limited (NGX), as announced by Vice President Kashim Shettima and Finance Minister Taiwo Oyedele at the unveiling of the Nigerian Capital Market Master Plan 2.0.\n\nVice President Shettima highlighted the significant growth of the NGX since the start of President Bola Ahmed Tinubu's administration in May 2023. On the other hand, Finance Minister Oyedele emphasized Nigeria's ambition to become a $1 trillion economy by 2030, and the crucial role that the capital market would play in achieving this goal. He stressed the need for the government to expedite the listing of state-owned enterprises, particularly NNPC and NLNG, to deepen the market, enhance transparency, and broaden public ownership of national assets.\n\nOyedele encouraged private businesses to list their shares and support the capital market through incentives. Meanwhile, Dangote Refinery, Africa's largest refinery, recently launched its initial public offering (IPO) at N525 per share, with the aim of raising between $1.6 billion and $2.1 billion for capacity expansion programs. The IPO deadline was subsequently extended to October 27, following its historic launch on the NGX on September 14.",
  "summary": "The Federal Government has said it is targeting a capital market worth N750 trillion, with the listing of the Nigerian National Petroleum Company Limited, NNPCL, and Nigeria LNG Limited, NLNG, on the Nigerian Exchange Limited, NGX. The country’s Vice President, Kashim Shettima, and the Minister of Finance, Taiwo Oyedele, disclosed this at the unveiling of […] NNPC, NLNG Listings: FG targets…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}