There are indications that more heads will roll in the Nigerian National Petroleum Company Limited, NNPCL and its subsidiaries as Engineer Bayo Ojulari yesterday assumed office as the new Group Chief Executive Officer.

This was even as the management and staff of NNPC Ltd welcomed the appointment of a new GCEO Officer and Board of Directors for the company by President Bola Ahmed Tinubu.

However, checks Vanguard showed that the reorganisation would start from the corporate headquarters to the subsidiaries, including Upstream, Gas and Power, new Energy, Downstream and Non-Energy businesses.
The checks indicated that the reorganisation would be targeted at ensuring that round pegs are placed into round holes based on the commitment of the new leadership to achieve national goals and objectives in the oil and gas industry.

It was confirmed that the businesses to be impacted include the NNPC E&P Limited (NEPL), NNPC Upstream Investment Management Services (NUIMS), NNPC Energy Services Limited (EnServ), NNPC Engineering and Technical Company (NETCO), NNPC New Energy Limited (NNEL), NNPC Gas Infrastructure Company (NGIC), NNPC Gas Marketing Limited (NGML), and NNPC Gas & Power Investment Services (NGPIS).

They also include NNPC Trading Limited (NTL) NNPC Retail Limited (NRL), NNPC Shipping Limited (NSL), NNPC RefChem Limited (NRCL), NNPC Downstream Investment Services (NDIS), Nigerian Pipelines and Storage Company Limited (NPSC), National Energy Reserve Management Company (NERMC), NNPC Non-Energy Investment Services (NNIS), NNPC Foundation Limited/Gte, NNPC Academy, NNPC Properties Limited (NPL), and Health Maintenance Organization (HMO) and Research Technology and Innovation (RTI).

Experts set agenda for oil, gas development
Meanwhile, in an interview with Vanguard, Prof Wumi Iledare, Executive Director of Emmanuel Egbogah Foundation, called on the new team to revisit the Naira for Crude deal with local refineries.

He said: “Second is selling NNPCL shares to the public with a limit to what individuals can buy and restricting corporate buyers. Third, divest some JV shares in divested IOC shares.

“Fourth, rekindle, restructure, and rebound NNPC Limited along the intent of the PIA. Fifth, disavow agency mindset to please the branch instead of the federation and focus on the commercial mandate in the law.

“Sixth, promote economy of scale mentality. Seventh and perhaps most important, encourage more recruitment, training and capacity building to increase productivity.”


https://www.vanguardngr.com/2025/04/more-heads-to-roll-in-nnpcl-subsidiaries-as-ojulari-assumes-office/