Power play signals change in Nigeria
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
Newly installed CEO of Nigerian National Petroleum Company (NNPC), Bashir Bayo Ojulari, has pledged to attract $60b and hike crude output to 3m b/d by 2030 as part of a firm commitment by the country’s leadership to reassert control over its oil and gas sector and double down on reform. Early April saw the replacement of the state energy company’s management with a new, experienced team that includes former Shell executive Ojulari, replacing sitting CEO Mele Kyari and ten other members of the board. With the new NNPC leadership confronted by multiple challenges, this is a critical period for Nigeria’s oil and gas sector. President Bola Tinubu said the overhaul of the board was necessary

Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference