Energy Markets
What you need to know about the new CEO of Nigeria's oil company NNPC
Nigerian President Bola Tinubu appointed former Shell executive Bayo Ojulari to lead the Nigerian National Petroleum Company. This appointment has raised hopes for a much needed overhaul of the state-owned company and an increase in oil production. NNPC, Nigeria's golden goose for so many years, has seen its finances deteriorate in recent times due to corruption, opaque deals and high-level politics meddling. The new leadership will have to tackle these issues if it wants the company – and the economy – back on track. What you need to know about NNPC operations Why is NNPC important? Nigeria's economy depends on...