NNPC Limited don conclude plan to sell stakes for some of im oil and gas assets and don invite interested companies to submit bids.
General Secretary of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Jerry Amah, confirm the development,
NNPC announce the call for bids through official invitation document, asking interested bidders make dem register online on or before January 10, 2026.
The document explain say NNPC go carry out pre-screening process, and only companies wey qualify go get access to secure virtual data room to review details of the assets.
According to the document, prequalification go base on technical strength and financial capacity of the bidders, after which document evaluation, negotiations and regulatory approvals go follow.
The report also note say although NNPC own some of the oil and gas assets fully and hold others through partnership with international oil companies like Shell, Chevron and Eni, the company no disclose how much money e plan to raise from the asset sale.
Earlier, PENGASSAN don raise alarm say the federal government dey plan to sell big stakes in joint venture (JV) assets wey NNPC dey manage.
The union claim say government wan reduce im share for the assets by selling large percentages, saying in some places government fit sell up to 35 per cent stake, while for others e fit reach 30 per cent.
According to PENGASSAN, the reason wey government dey give be say dem need cash to fund other critical areas of the economy.
As the bidding process open, stakeholders dey watch closely to see how the planned asset sale go affect Nigeria oil and gas sector.
