Home / Tag Archives: NNPC

Tag Archives: NNPC

Exclusive – Nigeria revamps oil exploration firms in first step to reform

ABUJA – Nigerian President Muhammadu Buhari has taken his first steps towards overhauling the country’s troubled state oil firm by giving its exploration joint ventures control over their own budgets as a way to overcome chronic cash shortages. Corruption and mismanagement at the Nigerian National Petroleum Corporation have hampered an industry that provides 70 percent of state income. NNPC has ...

Read More »

Nigerian lawyer sent in to clean up state oil giant

ABUJA/LAGOS – The new head of Nigeria’s state oil company is a workaholic stickler for the rules with a strong background in law, qualities he will need if he is to overhaul an organization notorious for corruption and mismanagement. Emmanuel Ibe Kachikwu, the new managing director of the Nigerian National Petroleum Corp (NNPC), was previously executive vice chairman and general ...

Read More »

Nigeria appoints former Exxon man head of state oil firm

ABUJA – Nigerian President Muhammadu Buhari appointed a new head of the state oil firm on Tuesday, part of an overhaul aimed at rooting out corruption and mismanagement. Emmanuel Ibe Kachikwu was named as the new managing director of the Nigerian National Petroleum Corporation (NNPC), which has been accused of failing to account for tens of billions of dollars in ...

Read More »

“Siege mentality” grips under-fire Nigerian state oil firm

ABUJA – The four grey towers that form the headquarters of Nigeria’s state oil company in the dusty capital, Abuja, feature tinted windows as opaque as the organization inside, accused of failing to account for tens of billions of dollars. President Muhammadu Buhari, the 72-year-old sandal-wearing ascetic who swept to power this year on an anti-corruption ticket, has made clear ...

Read More »