Business

President Tinubu Celebrates NNPCL GCEO, Mele Kyari, on 60th Birthday

Published

2 years ago

January 7, 2025

533 Views

President Bola Ahmed has Tinubu congratulated the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kolo Kyari, on his 60th birthday on January 8.

The President commends Kyari’s diligence in transforming the NNPCL into a profitable organisation.

The President recalls that despite cynicism in some quarters, the NNPCL under Kyari’s leadership has recorded notable achievements, including the resuscitation of two refineries, an increase in domestic natural gas consumption and a boost in oil production to 1.8 million barrels per day.

The President applauds Kyari’s dedication to service and the professionalism he has maintained throughout his distinguished career at the NNPC, OPEC and as the first Group Chief Executive Officer of NNPCL.

Tinubu said: “Kyari is a shining example and embodiment of the ideals of the Renewed Hope Agenda.

I commend his commitment to creating new opportunities and ensuring the growth and sustainability of Nigeria’s energy sector”, President Tinubu says.

He prays to Almighty Allah to continue to grant Kyari sound health, wisdom, and strength to serve the nation while mentoring the next generation of energy sector leaders.

Related Topics:Birthday President Bola Tinubu

Up Next

FG Says “No to 100% Tariffs Hike by Telcos”

Don't Miss

President Tinubu’s Address In Ghana At John Mahama’s Inauguration [Full Text]

Click to comment

Business

Naira Exchange Rates Thursday, 5 Nov 2026

Published

2 days ago

November 5, 2026

OCHEFA

133 Views

BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

3 days ago

November 4, 2026

OCHEFA

172 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.