The Nigerian National Petroleum Corporation (NNPC) has announced that it will declare its first dividend to Nigerians as it prepares to release its 2020 financial statements in the third quarter of this year.

This is coming at a time the Federal Government is planning to commercialize and privatize the operations of NNPC for better efficiency and to put it on a bigger global stage.

This was disclosed by the Group Managing Director of NNPC, Mele Kyari, while delivering an address at the opening ceremony of the Nigeria Annual International Conference and Exhibition organised by the Society of Petroleum Engineers, on Monday in Lagos.