the Group Chief Executive Officer of NNPC Limited

Nov42026 by info@insidebusinessafricang.comNo Comments

Oil reforms lift oil output by 600,000bpd – NNPC

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The Nigerian National Petroleum Company Limited says reforms in the oil and gas industry have increased Nigeria’s crude oil production by 600,000 barrels per day, from about 1.2 million barrels to 1.8 million barrels daily, as the country steps up efforts to attract international investment into the sector. The state-owned oil company said the production increase reflected the impact of the Petroleum Industry Act, improved investment conditions and stronger collaboration with industry partners, positioning Nigeria to compete more effectively for global energy capital. The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this on Tuesday during an energy talk titled ‘Nigeria’s Reform Agenda: Competing for Energy Capital,’ at the 2026 Abu Dhabi International...

Nov42026 by info@insidebusinessafricang.comNo Comments

NNPC eyes 10% equity sale, London, New York listings

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The Nigerian National Petroleum Company Limited is considering selling between five and 10 per cent of its equity to investors through an initial public offering, with a possible secondary listing on the London or New York stock exchanges. This move could open the state-owned oil company to public scrutiny and private investment, experts say. The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, saying the proposed share sale would focus primarily on Nigeria’s domestic capital market, while international listings could follow. He said the company was considering a model that would allow Nigerians to own shares in the national oil company without the Federal Government relinquishing operational control. Ho...

Aug282026 by info@insidebusinessafricang.comNo Comments

Energy experts seek support for future workforce devt

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The Nigerian Association of Petroleum Explorationists has rallied industry stakeholders, government agencies and educational institutions to support the establishment of its proposed academy, aimed at producing a skilled and industry-ready workforce for Nigeria’s evolving energy sector. The call was made at the NAPE Academy Establishment Workshop held in Lagos on Thursday. The workshop, themed ‘Shaping the Future Together,’ brought together NAPE fellows, past presidents, industry leaders, regulators, corporate executives and other stakeholders to deliberate on the structure, funding, curriculum and implementation of the proposed academy. In her opening address, the NAPE President, Mrs Olajumoke Ajayi, FNAPE, said the academy was a strategic investment in developing a new generatio...

Jul212026 by info@insidebusinessafricang.comNo Comments

ECOWAS backs Nigeria-Morocco gas pipeline implementation

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The proposed African Atlantic Gas Pipeline has moved closer to implementation after Heads of State of the Economic Community of West African States signed the Intergovernmental Agreement for the project at the ECOWAS Summit in Freetown, Sierra Leone, at the weekend. The agreement provides the sovereign backing required to advance the ambitious pipeline project, which is designed to link Nigeria’s gas resources with markets across West Africa, the Sahel, Morocco and Europe. The development was disclosed in a statement issued on Monday by the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited, Andy Odeh. The AAGP, which is being jointly promoted by NNPC Limited and Morocco’s Office National des Hydrocarbures et des Mines, is planned to stretch ...

Jun52026 by info@insidebusinessafricang.comNo Comments

NNPC Foundation Donates MRI Machine To National Orthopaedic Hospital In Kano

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The NNPC Foundation has donated and handed over a 1.5 Tesla Magnetic Resonance Imaging (MRI) system to the National Orthopaedic Hospital, Dala, Kano, to improve access to advanced diagnostic services in Northern Nigeria. During the inauguration of the facility yesterday, the group chief executive officer of NNPC Limited, Bashir Ojulari, represented by the managing director of NNPC Foundation, Emmanuella Arukwe, said the intervention was part of the organisation’s commitment to supporting healthcare delivery across the country. He said the company, through its social investment arm, had continued to implement projects that improve the lives of Nigerians, particularly in critical sectors such as health. Ojulari noted that the MRI installation followed similar interventions by the fo...

Mar112026 by info@insidebusinessafricang.comNo Comments

FG eyes $20bn oil investments with Bonga project approval

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According to NNPC, the presidential approval followed months of negotiations among key stakeholders, including the National Revenue Service, the Special Adviser to the President on Energy, Olu Verheijen, and the Chief Executive Officer of Shell plc, Wael Sawan. In a statement signed by the Chief Corporate Communications Officer of NNPC Limited, Andy Odeh, the company described the decision as a major step toward restoring investor confidence in Nigeria’s deepwater petroleum assets. The fiscal framework approved by the President includes an enhanced production tax credit and the resolution of the 2021 dispute settlement agreement, measures designed to create a competitive investment environment while safeguarding Nigeria’s long-term revenue interests. The statement explained that t...