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Anxiety over Kyari’s tenure as NNPC GMD
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There is growing anxiety over the expiration of the tenure of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, and the possible appointment of a new helmsman to direct the affairs of the oil giant.
Some industry watchers believe that the NNPCL boss, who turns 60 on January 8, 2025, may exit the national oil firm, raising concerns about the future leadership of the firm.
This came as some other players in the space stated that the GCEO’s tenure is expected to terminate in 2027, in compliance with Section 59 (2) of the Petroleum Industry Act 2021 which states that, “The composition of the Board of the NNPC Limited shall be determined in accordance with the Companies and Allied Matters Act and its Articles of Association.”
In July 2022, the NNPC transitioned from a public corporation to a limited liability company, and Kyari moved from being a Group Managing Director to a Group Chief Executive Officer.
Kyari, appointed by former President Muhammadu Buhari in July 2019, is a veteran in the oil industry, having worked at the NNPC for the last 32 years.
His over five years on the job as NNPC’s boss is the longest that anyone has spent in the cushiest office in the Nigerian oil industry since the country’s return to democracy in 1999.
The NNPC has had 19 managing directors since its formation in 1977, with only two of them (Professor Funsho Kupolokun (Ondo, 2003-2007), Augustine O. Oniwon (Kogi, 2010-2012) from the South-West and North-Central.
Kyari is also one of the few appointments alongside the Chief Executive of the Nigerian Upstream Petroleum Commission, Gbenga Komolafe, inherited by President Bola Tinubu that has not yet been dismissed.
Recently, a United States-based Nigerian professor of journalism, Farooq Kperogi, called out Tinubu’s relentless Yoruba-centric take-over of the NNPCL.
Kperogi, in an article titled, ‘Tinubu’s Buharisation of the NNPC’, accused President Tinubu of appointing Yoruba people to key positions at the Nigerian National Petroleum Company Limited.
Reports stated that an anonymous source had claimed that a certain Bayo Ojulari was being proposed as GCEO of the NNPCL after the expiration of Mele Kyari’s term.
Also, the immediate past Governor of Kaduna State, Nasir El-Rufai, in a post on X, said two wrongs do not make a right, a statement that is believed to be referring to Buhari’s bias for northerners in his appointments.
The former Kaduna governor, however, advocated for sensible inclusion over what he described as arrogant exclusion.
The post read, “DECEMBER MESSAGE: Two wrongs do not make a right. Sensible inclusion always trumps arrogant exclusion!!.”
The article further sparked widespread reaction and condemnation, forcing the NNPCL spokesperson, Femi Soneye, to issue a response stating that employment, promotions, appointments, and movements of leaders in the company were not influenced by ethnicity, tribe, religion, or political affiliation.
Soneye said merit, business requirements, and expertise remain the considerations.
“First, employment, promotions, appointments, and movements of business leaders at the NNPC are not influenced by ethnicity, tribe, religion, or political affiliation. Therefore, decisions within the NNPC are guided strictly by merit, business requirements, and expertise.
“This approach ensures that only the most qualified and competent individuals occupy positions that are critical to the company’s success. Significantly, our company focuses on efficient and effective service delivery, which is anchored on the commitment of a qualified work team,” he stated.
The spokesperson also said the President has not in any way interfered in the operations or leadership movements within the NNPC.
In November 2023, President Tinubu approved the appointment of the new board and management team for the national oil company and retained Kyari as the GCEO.
Reacting to comments about the possible removal of Kyari as NNPCL boss, Soneye said, “The claim is entirely false and misleading, lacking credibility and showing clear signs of manipulation. The GCEO’s tenure has been exceptional, marked by numerous firsts and remarkable accomplishments for NNPC Ltd. Kindly disregard these baseless and dubious claims.”
However, a follow-up question to confirm the expiration date of the tenure of the GCEO received no reply from the NNPCL’s spokesperson till when this report was filed.
News
Baby factory dismantled in Mowe as Ogun police rescue pregnant women, children
Ogun State Police operatives have dismantled an alleged baby factory at Abaren Village, Mowe, rescuing two pregnant women and four children while arresting six suspects including a nurse, following intelligence on suspected human trafficking and illegal adoption activities.
According to The Nation, the August 24 operation rescued Ilesanmi Foluke, 23, who is seven months pregnant, and Ejekwa Melody, 20, who is eight months pregnant. Four children were also recovered from the premises.
A follow-up operation traced a third victim, Blessing Bright Effiong, 26, to a nearby hospital where she had delivered a baby boy on August 20 — but the newborn’s whereabouts remain unknown. The case has been transferred to the State Criminal Investigation Department in Abeokuta for further investigation.
News
ADC Kicks Against Endorsement of Tinubu by 500+ Jigawa Islamic Scholars
The African Democratic Congress (ADC) has questioned the decision by more than 500 Islamic scholars and clerics in Jigawa State to endorse President Bola Tinubu for a second term in 2027.
The party’s Jigawa chapter described the endorsement as inappropriate, arguing that religious leaders should not allow political affiliations to compromise their independence or influence how they provide guidance to the public.
The ADC’s position was contained in a statement issued by its Jigawa State Deputy Chairman and North ADC Youth Ambassador, Ambassador Nuraddeen Suleiman Jidawa.
Jidawa acknowledged that individual clerics had the right to support candidates of their choice but maintained that such political positions should not be presented as the collective position of Nigeria’s Muslim population.
The party also disputed some claims reportedly made by the scholars in support of the Tinubu administration, including the attribution of the Kano-Dutse/Kano-Maradi railway project to the current government.
According to the ADC, the railway project was approved and awarded during the administration of former President Muhammadu Buhari in 2021.
The opposition party therefore challenged the Federal Government to provide details of major capital projects initiated and substantially completed by the Tinubu administration in Jigawa State.
The party also rejected claims that the country’s security situation had improved significantly, particularly in the North-West.
It cited reported incidents of kidnapping and terrorist attacks in Kaduna, Sokoto and Zamfara as indications that insecurity remains a serious national challenge.
The ADC further referenced a recent Al Jazeera report concerning a video purportedly showing abducted people being held by armed men following reports of mass abductions in Niger State.
The party argued that such developments made it inappropriate to describe Nigeria’s security crisis as resolved.
It urged voters to assess the Tinubu administration based on tangible results rather than political endorsements, listing security, employment, economic conditions, infrastructure, transparency and accountability among the areas that should be considered.
The ADC also renewed its criticism of the removal of petrol subsidy, arguing that the policy had contributed to higher transportation costs and increased prices of food and other essential goods.
It called on Islamic scholars and clerics to preserve their independence and avoid becoming tools for political mobilisation.
“While we respect the right of individual clerics to make their political choices, such endorsements should not be presented as religious verdicts or as the position of Nigeria’s Muslim community,” the party said.
The party said religious leaders should instead use their influence to demand accountability from political authorities and provide moral guidance to society.
The ADC urged Nigerians to make independent decisions ahead of the 2027 elections by examining how government policies have affected their livelihoods and the country’s overall development.
News
Dangote Refinery raises fuel price by N15
Dangote Petroleum Refinery and Petrochemicals FZE has raised the gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre, effective August 26, 2026.
In a notice sent to customers on Tuesday, the refinery’s Group Commercial Operations announced new depot prices for gantry and coastal deliveries.
The email, titled ‘PMS Price Change Communication (N1,185 per Litre To N1,200 Per Litre)’, instructed customers to note the revised DPRP PMS gantry and coastal prices, starting August 26, 2026.
As per the notice’s table, the coastal price increased from N1,562,265 to N1,582,380 per metric tonne, while the gantry price rose from N1,185 to N1,200 per litre.
The refinery also asked customers to return all Authorisation to Collect documents for repricing, stating a new volume contract would be issued to resume immediate loading.
“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate loading resumption. Should you require any further clarification, please do not hesitate to contact us,” the notice said.
The latest adjustment represents a N15 per litre increase in the gantry price and comes barely days after the refinery raised the price from N1,165 to N1,185 per litre.
The previous price increase was implemented at midnight on August 21, 2026, as reported by industry trackers.
However, the most recent hike occurs amid declining international crude oil prices.
Oilprice.com data from Tuesday indicated that West Texas Intermediate crude was trading at $82.13 per barrel, a decrease of $2.88 or 3.39%. Brent crude was priced at $88.37 per barrel, down $3.80 or 4.12%. Murban crude also dropped to $92.71 per barrel, a decline of $8.73 or 8.61%.
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