• Latest
  • Trending

Breaking: President Tinubu Appoints Bayo Ojulari as New NNPC Group CEO, Replaces Mele Kyari

April 2, 2025

Darius Ishaku’s N27bn Fraud Trial: Witness Reveals How Funds Were Collected and Disbursed on His Instructions

September 30, 2025

Newly Called-To-Bar Edo Lawyer, Sister Freed After Kidnapping Ordeal

September 30, 2025

IGP Egbetokun Urges Newly Called-To-Bar Police Officers to Uphold Integrity

September 30, 2025

Diddy Risk 11-Years Sentence after Prostitution Conviction

September 30, 2025

Tinubu to address Nigerians on 65th Independence Day

September 30, 2025

Lagos NURTW Chieftain ‘Shamelon’ Arraigned for Murder of Dispatch Rider

September 30, 2025

Olubadan Ladoja Declares Political Exit, Embraces Role as Ibadan Monarch

September 30, 2025

Lagos State Appoints Mandy Kiss as Brand Ambassador Against Drug Abuse

September 30, 2025

Accept peace plan or face severe consequences, Trump warns Hamas

September 30, 2025

FUNAAB Alumni Bolster Partnership with FUADSI, Fuelling New University’s Promising Start

September 30, 2025

FG Begins Payment of N32,000 Pension Increment to DBS Retirees

September 30, 2025

Lagos Records Fifth Female Local Government Official Death in Two Months

September 30, 2025

Professor David Jowitt’s 60-Year Teaching Journey from Anglican Grammar School Ubulu-Ukwu to Nigerian Academia

September 30, 2025

ECOWAS Parliament Approves $26M Budget for 2026, Plans 25th Anniversary Celebration

September 30, 2025

Middle East, European leaders welcome Trump’s Gaza ceasefire plan

September 30, 2025

Fintech Founder Charlie Javice Sentenced to 7 Years for $175M JPMorgan Fraud

September 30, 2025

YouTube to pay $22 million in settlement with Trump

September 30, 2025

Prof. Olusola Oyewole @ 70: Grace, Grit, and Refired For Global Impact

September 30, 2025

Oil, Power, and Protest – Can Nigeria Balance Labour Rights with Economic Stability?

September 29, 2025

EFCC Arrests Six for Alleged Land Fraud in Uyo

September 29, 2025

SCUML Seals Two Companies in Sokoto

September 29, 2025

FORMER PRESIDENT JONATHAN’S 2027 BID: ELIGIBILITY QUESTIONS AND DISMAL RECORD TO BE SCRUTINISED

September 29, 2025

FUNAAB Alumnus Professor Rasaki Kareem Named Deputy Vice Chancellor of Crescent University

September 29, 2025

New Yayi Buses Revolutionize FUNAAB Campus Travel—Students Celebrate Affordable Comfort!

September 29, 2025

Tragic Loss: Arise TV News Anchor Somtochukwu Christelle Maduagwu Killed in Abuja Robbery

September 29, 2025

Sahel Intelligence Agencies Prepare to Expose Nigerian Politicians Supporting Bandits

September 29, 2025

Five die in Ondo road crash

September 29, 2025

Federal Government Refutes False Allegations of Religious Genocide in Nigeria

September 29, 2025

Court Jails Internet Fraudster in Kaduna

September 29, 2025

EFCC Arraigns Man for Obtaining N32.4m by False Pretence in Kaduna

September 29, 2025
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education
    • Sports
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
    • All
    • Apps

    Nigerian Girls Triumph at 2025 Technovation Global Summit with AI Safety App

    Trump sees progress on TikTok, says will visit China

    French lawmakers urge socialmedia ban for under-15s

    The Future of Internet Connectivity in Nigeria: Opportunities and Challenges

    CBN awards OPay for financial inclusion innovation

    Why Motorcycle Prices Are Soaring in 2024

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    Breaking : Nigeria world cup qualification receives boost,As FIFA Sanctions South Africa

    Ladoja Crowned 44th Olubadan of Ibadan, Ushering New Era

    BREAKING: Ladoja crowned 44th Olubadan, set to receive staff of office

    Why Ladoja’s emergence was rancour-free – Balogun-designate

    Rooney Defends Ekitike’s Red Card Celebration as “Refreshing” Despite Suspension

    Modric vs De Bruyne: Milan Hosts Napoli in Serie A Showdown

  • Lifestyle
    • All
    • Health

    WASH 94.9 FM: Nigeria’s Pioneering Health Radio Marks One Year of Empowering Wellness

    Teen Girl, 14, Dies After Alleged Secret Breast Surgery

    Covid Cases Surge in England as New ‘Stratus’ Variant Spreads

    Russia Launches Revolutionary Free Cancer Vaccine with Promising Trial Results

    Dilapidated Ipokia General Hospital in Ogun State Forces Patients to Bring Own Beds Amid Severe Neglect

    Kwara Governor Appoints Prof. Popoola CMD, Thomas Adewumi Teaching Hospital

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
No Result
View All Result
  • Home
  • BREAKING NEWS
  • Tech
    • All
    • Apps

    Nigerian Girls Triumph at 2025 Technovation Global Summit with AI Safety App

    Trump sees progress on TikTok, says will visit China

    French lawmakers urge socialmedia ban for under-15s

    The Future of Internet Connectivity in Nigeria: Opportunities and Challenges

    CBN awards OPay for financial inclusion innovation

    Why Motorcycle Prices Are Soaring in 2024

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    Breaking : Nigeria world cup qualification receives boost,As FIFA Sanctions South Africa

    Ladoja Crowned 44th Olubadan of Ibadan, Ushering New Era

    BREAKING: Ladoja crowned 44th Olubadan, set to receive staff of office

    Why Ladoja’s emergence was rancour-free – Balogun-designate

    Rooney Defends Ekitike’s Red Card Celebration as “Refreshing” Despite Suspension

    Modric vs De Bruyne: Milan Hosts Napoli in Serie A Showdown

  • Lifestyle
    • All
    • Health

    WASH 94.9 FM: Nigeria’s Pioneering Health Radio Marks One Year of Empowering Wellness

    Teen Girl, 14, Dies After Alleged Secret Breast Surgery

    Covid Cases Surge in England as New ‘Stratus’ Variant Spreads

    Russia Launches Revolutionary Free Cancer Vaccine with Promising Trial Results

    Dilapidated Ipokia General Hospital in Ogun State Forces Patients to Bring Own Beds Amid Severe Neglect

    Kwara Governor Appoints Prof. Popoola CMD, Thomas Adewumi Teaching Hospital

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
No Result
View All Result
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
No Result
View All Result

Breaking: President Tinubu Appoints Bayo Ojulari as New NNPC Group CEO, Replaces Mele Kyari

ValidViewNetwork by ValidViewNetwork
April 2, 2025
in Uncategorized
0 0
0
Home Uncategorized
ADVERTISEMENT
0
SHARES
115
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
Spread the love

In a major leadership overhaul announced early Wednesday, April 2, 2025, President Bola Ahmed Tinubu has reconstituted the Nigerian National Petroleum Company Limited (NNPC) board, removing Group Chief Executive Officer Mele Kyari after six years of service and appointing Engineer Bashir Bayo Ojulari as his replacement. The sweeping changes also saw the removal of board chairman Chief Pius Akinyelure, who has been replaced by Ahmadu Musa Kida. The restructuring, which takes immediate effect, introduces a new 11-member board with representatives from all six geopolitical zones of Nigeria, signaling President Tinubu’s commitment to enhancing operational efficiency, restoring investor confidence, and advancing gas commercialization in Nigeria’s critical energy sector.

Comprehensive Board Restructuring

President Tinubu has implemented a complete overhaul of the NNPC leadership structure, removing all board members who were appointed in November 2023. This decisive action reflects the administration’s determination to reposition the national oil company for greater effectiveness and transparency. The newly constituted 11-member board has Engineer Bashir Bayo Ojulari as Group CEO and Ahmadu Musa Kida as non-executive chairman.

The President, invoking powers granted under Section 59, subsection 2 of the Petroleum Industry Act of 2021, emphasized that this restructuring is crucial for enhancing operational efficiency, restoring investor confidence, boosting local content, driving economic growth, and advancing gas commercialization and diversification. These priorities align with Nigeria’s broader economic development goals and energy security objectives.

Adedapo Segun, who was appointed as Chief Financial Officer in November 2024 replacing Umaru Isa Ajiya, has been retained on the new board. The composition includes regional representation with six non-executive directors: Bello Rabiu (North West), Yusuf Usman (North East), Babs Omotowa (North Central), Austin Avuru (South South), David Ige (South West), and Henry Obih (South East). Additionally, Mrs. Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.

ADVERTISEMENT

Profile of the New NNPC Leader

Bayo Bashir Ojulari, the newly appointed Group Chief Executive Officer, brings extensive experience and technical expertise to NNPC Limited. He is a seasoned Nigerian engineer with specialized knowledge in petroleum, process, and production engineering. His career began as the first Nigerian process engineer at Elf Aquitaine before he joined Shell Petroleum Development Company in 1991.

A native of Kwara State and an alumnus of Ahmadu Bello University, Zaria, where he studied Mechanical Engineering (1985-1989), Ojulari previously served as the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo) from 2015 to 2021. Prior to his NNPC appointment, he held the position of Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company.

ADVERTISEMENT

Ojulari’s impressive credentials include being a fellow of the Nigerian Society of Engineers and a former member of the board of trustees of the Society of Petroleum Engineers (SPE Nigeria Council). Throughout his 33-year career in the oil and gas sector, he has held various managerial roles in Europe and the Middle East, demonstrating his comprehensive understanding of the global energy industry. His expertise spans petroleum engineering, process engineering, production engineering, and health and safety.

Kyari’s Legacy at NNPC

Mallam Mele Kolo Kyari exits NNPC after approximately six years of what has been described as “meritorious service” as Group Chief Executive Officer, having assumed office on July 7, 2019. Before his appointment as GCEO, Kyari served as the Group General Manager of NNPC’s Crude Oil Marketing Division from 2015 to 2019 and as Nigerian National Representative at the Organisation of Petroleum Exporting Countries (OPEC).

Under Kyari’s leadership, NNPC underwent a significant transformation, evolving from a loss-making entity into a profitable company. His tenure saw remarkable financial improvement, with the company reversing a loss position of N1.7bn in 2019 to post profits of N287bn in 2020, N674.1bn in 2021, N2.54tn in 2022, and an impressive N3.29tn in 2023. This financial turnaround stands as a testament to his management capabilities and strategic vision for the national oil company.

Kyari’s departure comes amid earlier speculation about his retirement, as he turned 60 in January 2025, which typically triggers mandatory retirement under public service rules. However, following NNPC’s restructuring into a limited liability company under the Petroleum Industry Act in 2021, there had been debate about whether these rules still applied to the company’s leadership.

President’s Mandate for the New Board

The newly constituted board has received clear directives from President Tinubu to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximization objectives. This mandate underscores the administration’s focus on optimizing Nigeria’s oil and gas resources for maximum economic benefit.

Advertisement. Scroll to continue reading.

The timing of this leadership change is significant, coming as Nigeria continues to navigate challenges in its energy sector, including production targets, refinery operations, and global energy transition pressures. The appointment of Ojulari, with his extensive experience in both Nigerian and international energy operations, signals the government’s intention to bring fresh perspectives and technical expertise to address these challenges.

Conclusion

The reconstitution of NNPC’s leadership represents a pivotal moment for Nigeria’s oil and gas sector. By bringing in experienced industry professionals with diverse expertise, President Tinubu has demonstrated his commitment to transforming the national oil company into a more efficient, transparent, and commercially viable entity. As Africa’s largest oil producer, these changes at NNPC are likely to have significant implications for both domestic energy security and Nigeria’s position in global energy markets. The new leadership team faces the substantial task of building upon Kyari’s financial achievements while navigating the complex challenges of modernizing operations, increasing production, and aligning with global energy transition goals.

Do you want to share a story with us?
Do you want to advertise with us?
Do you need publicity for a product, service, or event?
Contact us on WhatsApp +2348033617468, +234 816 612 1513, +234 703 010 7174
or Email: validviewnetwork@gmail.com
CLICK TO JOIN OUR WHATSAPP GROUP
ADVERTISEMENT
Previous Post

Police to determine whether Senator Natasha should be arrested or not- Kingsley Fanwo

Next Post

Natasha Storms Kogi like an Amazon, Defies Ododo, Police

ValidViewNetwork

ValidViewNetwork

Next Post

Natasha Storms Kogi like an Amazon, Defies Ododo, Police

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the latest news from ValidViewNetwork
Loading

SPONSORED ADVERT

SPONSORED ADVERT

As the Lord liveth, you are feeling bushing this 6th month better and stronger than the way you started it in Jesus Mighty Name. Our angels of good news shall locate us this month. Shalom!

  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

No Result
View All Result

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist