Business

11 New NNPC Limited Board Members (Full List)

Published

2 years ago

April 4, 2025

702 Views

President Bola Ahmed Tinubu has reconstituted the board of the Nigerian National Petroleum Company (NNPC) Limited, dismissing Chairman Chief Pius Akinyelure and Group Chief Executive Officer Malam Mele Kyari.

A statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, indicated that the President removed all other board members appointed with Akinyelure and Kyari in November 2023.

The new 11-man board has Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.

1. Ahmadu Musa Kida – Non-Executive Chairman

2. Bashir Bayo Ojulari – Group Chief Executive Officer (GCEO)

3. Adedapo Segun – Chief Financial Officer (CFO)

4. Bello Rabiu – Non-Executive Director (North West)

5. Yusuf Usman – Non-Executive Director (North East)

6. Babs Omotowa – Non-Executive Director (North Central)

7. Austin Avuru – Non-Executive Director (South-South)

8. David Ige – Non-Executive Director (South West)

9. Henry Obih – Non-Executive Director (South East)

10. Mrs. Lydia Shehu Jafiya – Representative of the Federal Ministry of Finance

11. Aminu Said Ahmed – Representative of the Ministry of Petroleum Resources

Related Topics:Featured NNPCL Board Members

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WEF could appoint Lagarde as its next chair, sources say

The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of ⁠the matter.

Published

12 hours ago

October 15, 2026

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•European Central Bank President Christine Lagarde

The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider ‌reshuffle at the top of the ECB.Lagarde’s ECB term is scheduled to end in October 2027.

Leaving early would give European Union leaders a chance to pick a new ECB President before France’s spring presidential election, which opinion polls suggest the far-right could win, and could pave the way for a deal involving two other senior ECB roles.

No final decision has been taken yet, they said.

A spokesperson for the WEF said the forum could not confirm when the next full Board of Trustees meeting would take place, but that the aim was to hold one before the end of the year.

Business

Germany plans tax on sugary drinks

The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.

Published

12 hours ago

October 15, 2026

OCHEFA

24 Views

The German cabinet has approved draft legislation to tax sugary drinks in Europe’s biggest economy.

If passed by the German Bundestag, the tax will take effect on 1 July 2027.

The coalition aims to raise revenue for the federal budget while encouraging manufacturers to reduce sugar content and offer healthier products.

The levy is intended to ease pressure on the healthcare system, which faces costs of more than €2 billion every year linked to the high consumption of sugary drinks, which contributes to obesity, diabetes and tooth decay.

According to the federal government, Berlin is using the tax to implement “what associations from the fields of health, science, child protection, and consumer protection have long been demanding.”

The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.