Nigerian Government Overhauls State Oil Company’s Leadership
- Petroleum minister Emmanuel Kachikwu becomes chairman of NNPC
- Kachikwu replaced as NNPC managing director by Maikanti Buri
This article is for subscribers only.
Nigeria’s government made wide-ranging changes to the leadership of its state oil company as the nation grapples with crude prices that are too low to balance the budget and a militant insurgency that’s damaging production of its biggest export.
Petroleum Minister Emmanuel Ibe Kachikwu will become chairman of the Nigeria National Petroleum Corp. having previously been managing director, the government said Monday. Among other changes, Maikanti Baru becomes managing director, having been group general manager before the changes. He was also once a director of a joint venture company between NNPC and oil trader Vitol Group that markets the nation’s crude.