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If you’ve ever pulled into a filling station and seen the NNPC sign, you’ve dealt with NNPC Retail Limited. It’s the most visible part of the NNPC group for ordinary Nigerians. NNPC Retail Limited is the downstream subsidiary responsible for retail marketing of petroleum products. It operates filling stations across Nigeria, selling petrol, diesel, and…
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If you’ve ever wondered who actually finds and produces the oil that Nigeria is famous for, the answer is not just international oil companies. NNPC has its own exploration and production arm. NNPC Exploration and Production Limited (NEPL) is one of the key upstream subsidiaries of NNPC Limited. It focuses on deepwater and frontier exploration,…
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If you’ve ever wondered who decides what NNPC Limited does, you’re not alone. The old NNPC was opaque. Decisions came from the minister, or maybe from the GMD, or maybe from somewhere else. It was hard to tell. After the Petroleum Industry Act, the decision-making structure became clear. NNPC Limited has a governance framework that…
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If you want to understand who really runs NNPC Limited, you need to understand the board. Not the minister. Not the GCEO alone. The board. Before the Petroleum Industry Act, the old NNPC had a board that served mostly in an advisory capacity. Real power sat with the minister. The board was there for show.…
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If you’ve ever tried to understand how NNPC Limited is organized, you’re not alone. The structure is complex. But it doesn’t have to be confusing. Before the Petroleum Industry Act, NNPC was a government department with a confusing mix of functions. It was hard to tell who reported to whom. Lines of authority were blurry.…
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If you search online for “NNPC share price,” you’ll find all sorts of numbers. Some websites claim to have the current price. Others offer to sell you shares. Almost all of it is wrong. Here’s the reality: NNPC Limited is not listed on any stock exchange. There is no share price. There is no ticker…
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The answer depends on which NNPC you’re asking about. If you’re asking about the old NNPC — the one that existed before 2021 — the answer was no. It had no shareholders. It wasn’t that kind of entity. If you’re asking about NNPC Limited — the company that exists today — the answer is yes.…
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The relationship between NNPC and the federal government has changed more in the last five years than in the previous four decades. Before 2021, the relationship was simple: NNPC was a government agency. The minister gave orders. NNPC followed them. The lines were direct but blurry. Conflicts of interest were everywhere. After the Petroleum Industry…
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Before 2021, the answer was simple: NNPC regulated itself. Sort of. The old NNPC both participated in the industry and regulated it. It was the player and the referee. The Department of Petroleum Resources (DPR) sat under the Ministry of Petroleum Resources and handled some oversight, but the lines were blurry. Conflicts were built into…
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If you’ve been following Nigerian oil and gas news, you’ve heard about the Petroleum Industry Act. You’ve heard about NNPC Limited. But what’s the connection between them? The short answer: the PIA created NNPC Limited. Section 53 of the Act mandated the incorporation of the company. Section 257 abolished the old NNPC. One law, one…