FG targets N750tn capital market by 2036 through NNPC and NLNG listings

Taiwo Oyedele, minister of finance and coordinating minister of the economy, has called on the federal government to accelerate plans to list selected state-owned enterprises as part of efforts to grow Nigeria’s capital market to $1 trillion within the next decade.   Speaking at the national capital market conference 2026 on Monday, Oyedele said Nigeria should aim higher than the Securities and Exchange Commission’s (SEC) target of expanding the market from about N250 trillion to N750 trillion by 2036.   The minister said a $1 trillion capital market would support Nigeria’s ambition of building a $1 trillion economy by 2030 and expanding the economy further in subsequent years.   Oyedele said the country needs to mobilise domestic savings, attract foreign investment and create more opportunities for businesses to raise long-term capital locally.     On state-owned enterprises, he said listing selected government assets would improve transparency, broaden public ownership and deepen the capital market.   The minister specifically identified NNPC and NLNG as companies whose listings could significantly expand the market if their shares were made available to investors.   “NNPC’s potential market value could significantly increase the size of Nigeria’s capital market, drawing a comparison with Saudi Aramco, the Saudi Arabian oil company,” Oyedele said.     The minister said listing government-owned companies would enable Nigerians to participate in the wealth generated by national assets while creating more investment opportunities for domestic and international investors.

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 N750trn capital market, eyes $1trn valuation

•As SEC launches National Savings Scheme By Obas Esiedesa, Abuja The Federal Government (FG) has unveiled a 10-year plan to grow Nigeria’s capital market to N750 trillion by 2036, while calling for the listing of selected state-owned enterprises, including the Nigerian National Petroleum Company Limited (NNPC) and Nigeria LNG Limited (NLNG), on the Nigerian Exchange. […] The post FG targets N750trn stock market with NNPC, NLNG listing appeared first on Vanguard News.

Oyedele targets $1tn market to support $1tn economy SEC launches National Savings Scheme to deepen retail investment By Obas Esiedesa, Abuja The Federal Government has unveiled a 10-year plan to expand Nigeria’s capital market to ₦750 trillion by 2036, while pushing for the listing of selected state-owned enterprises, including the Nigerian National Petroleum Company Limited […] The post FG targets ₦750tn capital market, seeks NNPC, NLNG listing appeared first on Vanguard News.