- Nigeria’s state oil firm has appointed four new group executive directors and cut its management staff, it said on Tuesday, the latest step in an overhaul of the energy sector in Africa’s biggest crude producer.
- The appointments, approved by Buhari, include Maikanti Baru as group executive director for exploration and production and Isiaka Abdulrazaq as group executive director for finance and services.
- The other appointments are Dennis Nnamdi Ajulu, as group executive director for refining and technology, and Babatunde Victor Adeniran, who is now group executive director for commercial and investment.
- New managing directors were named at a number of NNPC subsidiaries, including the Pipelines and Products Marketing Company (PPMC) and Duke Oil, the trading subsidiary.
- Both subsidiaries are being investigated to determine whether the government was short-changed by a scheme to swap crude for refined products.
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