Nigeria's NNPC Considers IPO with 5-10% Stake

• NNPC, Nigeria's state oil company, is considering an IPO in Lagos.
• The IPO may involve listing 5-10% of NNPC's shares.
• This would be the second major energy IPO in Nigeria after the Dangote refinery.
• NNPC manages joint venture agreements with oil producers.
• A secondary listing in London or New York is also being considered.