Nigerian President Bola Ahmed Tinubu
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
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
