Why Nigeria’s Oil Company Is Considering An IPO

Africa’s oil and gas industry is facing a financial onslaught as a result of a combination of COVID-19,  activist shareholders and the so-called Greening of IOCs such as Shell, Total and BP. While the oil majors all seem to be preparing for an energy transition and peak oil demand, African countries are betting on a hydrocarbon future. As Shell, BP, and Total make headlines with their diversification away from oil, the largest Sub-Saharan oil and gas producer Nigeria is taking the opposite route. In a long-awaited revision of the Nigerian…