You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

NEW SENS search and JSE share prices

More about the app

Nigeria’s Buhari orders incorporation of state-owned oil firm

To be begin immediately.
Muhammadu Buhari, Nigeria's president. Image: Michael Nagle/Bloomberg

Nigeria’s President Muhammadu Buhari has ordered that the process to incorporate the state oil firm as a private company should begin immediately.

This is in line with the recent oil reform bill which he signed into law mandating the incorporation of the Nigerian National Petroleum Company Limited within six months, according to an emailed statement on Sunday.

President Buhari also approved the appointment of the board and management of the company, including Mele Kyari as the chief executive officer.

© 2021 Bloomberg

COMMENTS   1

You must be signed in to comment.

SIGN IN SIGN UP

Nigeria should have done this in the 50s.

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Podcasts

INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles:
Click a Company: