NNPC’s transition: Unveiling global oil giant with domestic footprints The inauguration of Nigeria National Petroleum Company (NNPC) Limited is one of the significant events of the year. The new phase came with promises of transparency, accountability, responsibility and profit sustainability. The commercial-oriented and profit-driven entity, to be audited annually, will be independent although government bodies would be shareholders. Just like Saudi Aramco, its Saudi Arabian counterpart, NNPC Limited is expected to go public and give returns on investment to domestic and global investors, writes Assistant Business Editor COLLINS NWEZE . Sales of big business ventures in July 2022 will be incomplete without highlighting the conversion of Nigeria National Petroleum Corporation (NNPC) into a limited liability company. Nigeria National Petroleum Company Limited (NNPCL) is now at the centre of global oil business, with great expectations on how the new private entity will impact the economy and play significant role in the global oil sector. The unveiling of NNPC Limited by President Muhammadu Buhari is the highpoint of years of planning and decision-making to make NNPC a more commercially viable private entity with greater transparency and impact on the lives of the people.