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President Buhari Unveils New NNPC LTD

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President Buhari with GMD NNPC Mele Kyari

 

President Muhammadu Buhari has unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed.

Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company (NOC) would also support sustainable growth across other sectors of the economy as it delivers energy to the world.

At the event, which featured a Special rendition of the Theme Song ”Energy for today, Energy  for tomorrow, Energy for Everyone’‘ by an Ensemble, the president recounted how God had used him to consistently play an important role in shaping the destiny of the country’s NOC in the last 45 years.

He expressed optimism that the NNPC Limited would sustainably deliver value to its over 200 million shareholders and the global energy community; operate without relying on government funding and free from institutional regulations such as the Treasury Single Account (TSA).

‘‘This is a landmark event for the Nigerian oil industry.

‘‘Our country places high premium in creating the right atmosphere that supports investment and growth to boost our economy and continue to play an important role in sustaining global energy requirements.

‘‘We are transforming our petroleum industry, to strengthen its capacity and market relevance for the present and future global energy priorities.

NNPC directs private depot owners to sell at government approved price or be blacklisted

‘‘By chance of history, I was privileged to lead the creation of the Nigerian National Petroleum Corporation on July 1, 1977. Forty-Four (44) years later, I was again privileged to sign the Petroleum Industry Act (PIA) in 2021, heralding the long-awaited reform of our petroleum sector,” he said.

According to him, the provisions of PIA 2021, have given the Nigerian petroleum industry a new impetus, with improved fiscal framework, transparent governance, enhanced regulation and the creation of a commercially-driven and independent National Oil Company.

He said this would enable the company to operate without relying on government funding and free from institutional regulations such as the Treasury Single Account, Public Procurement and Fiscal Responsibility Acts.

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‘‘It will, of course, conduct itself under the best international business practice in transparency, governance and commercial viability.

‘‘Coincidentally, I, on the 1st of July 2022 authorized transfer of assets from the Nigerian National Petroleum Corporation to its successor company, the Nigerian National Petroleum Company Limited, and steered the implementation leading to the unveiling of Africa’s largest National Oil Company today.

‘‘I therefore thank Almighty God for choosing me to consistently play an important role in shaping the destiny of our National Oil Company from the good to the great,’’ he added.

The president, therefore, assured stakeholders in the industry that Africa’s largest NOC would adhere to its fundamental corporate values of Integrity, Excellence and Sustainability, while operating as a commercial, independent and viable NOC at par with its peers around the world.

He further stated that the company would focus on becoming a dynamic global energy company of choice to deliver energy for today, for tomorrow, for the day days after tomorrow.

He thanked the leadership and members of the National Assembly for demonstrating uncommon courage and patriotism in the passage of PIA that culminated in the creation of NNPCL.

Minister of State for Petroleum Resources, Timipre Sylva, said with the signing of the PIA, which assured international and local oil companies of adequate protection for their investments, ”the nation’s petroleum industry is no longer rudderless”.

He said: ‘‘From the onset of this administration, Mr. President never concealed his desire to create a more conducive environment for growth of the oil and gas sector, and addressing legitimate grievances of communities most impacted by extractive industries.

‘‘While the country was waiting for the PIA, Nigeria’s oil and gas industry lost about $50 billion worth of investments.

”In fact, between 2015 and 2019, KPMG states that “only 4 percent of the $70 billion investment inflows into Africa’s oil and gas industry came to Nigeria even though the country is the continent’s biggest producer and the largest reserves.

‘‘We are setting all these woes behind us, and a clear path for the survival and growth of our petroleum industry is now before us.”

Sylva described the unveiling of NNPC Limited as a new dawn in the quest for the growth and development of the Nigerian Oil and Gas Industry, opening new vintages for partnerships.

He thanked the president for his ”unparalleled leadership, steadfastness, and unalloyed support towards ensuring that the country’s oil and gas industry is on a sound footing”.

The Group Chief Executive Officer of NNPC Limited, Mele Kyari, announced that the company had adopted a strategic initiative to achieve the mandate of energy security for the country by rolling out a comprehensive expansion plan to grow its fuel retail presence from 547 to over 1500 outlets within the next six months.

He assured stakeholders and the global energy community that the new company was endowed with the ‘‘best human resources one can find anywhere in the industry.

‘‘NNPC Limited is positioned to lead Africa’s gradual transition to new energy by deepening natural gas production to create low carbon activities and positively change the story of energy poverty at home and around the world.” (NAN)

 

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Kwankwaso Officially Joins ADC

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By Yusuf Danjuma Yunusa

Former presidential candidate of the New Nigeria Peoples Party and ex-Governor of Kano State, Senator Rabiu Kwankwaso, has officially joined the African Democratic Congress.

The former Minister of Defence also registered with the party and received his membership card on Monday at Gidan Kwankwasiyya, Miller Road, Bompai, Kano.

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Present at the event include ADC National Chairman and former Senate President, David Mark; former Sokoto State Governor, Senator Aminu Tambuwal; former Minister of Transportation, Rotimi Amaechi; former Labour Party presidential candidate, Peter Obi; Senator Dino Melaye; and former National Chairman of the All Progressives Congress, John Odigie-Oyegun, among others.

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FMBN Chairman Nasiru Gawuna Resigns, Set to Defect to ADC Amid Kano Political Realignments

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Gawuna

 

The chairman of the Governing Board of the Federal Mortgage Bank of Nigeria, FMBN, Nasiru Gawuna, has resigned from his position.

Reports indicate that Mr Gawuna has perfected his defection deal with a former governor of Kano, Rabiu Kwankwaso, and is expected to defect to ADC on Tuesday.

In a resignation letter dated March 27, 2026, the former APC governorship candidate said his decision takes immediate effect and aligns with the President’s instruction aimed at ensuring adherence to electoral laws ahead of forthcoming political activities.

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He expressed profound gratitude to President Bola Tinubu for the opportunity to serve, describing his tenure as a privilege to contribute to the growth and development of the Federal Mortgage Bank of Nigeria and the country at large.

 

“My resignation is in strict compliance with the President’s directive requiring all political appointees to step down in accordance with the provisions of the Electoral Act,” the letter read.

Mr Gawuna also stated that he is placing his future “in the hands of Allah (SWT),” while seeking divine guidance on his next course of action.

He further assured of his commitment to a smooth transition process, noting that he would hand over all responsibilities in accordance with established procedures and directives.

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Sallah Thanksgiving: NUJ President Commends Kano Correspondents’ Chapel For Fostering Love, Unity Among Journalists

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The National President of the Nigeria Union of Journalists (NUJ),
Comrade Alhassan Yahya, has commended the leadership of Kano Correspondents’ Chapel, NUJ, for providing platforms and occasions that foster love, unity and progress among journalists.

Comrade Yahya stated this at Kano Press Centre, on Sunday, during the 2026 Eid-El-Fitr Sallah Celebrations, Thanksgiving And Special Prayers Ceremony, organized by Kano Correspondents’ Chapel, NUJ, to appreciate God for the successful month long Ramadan fasting period and the Eid-El-Fitr Sallah celebrations.

The NUJ National President used the occasion to urge journalists to reflect on the true meaning of the occasion and promote unity, peace, and tolerance, among themselves, in the course of their profession.

Represented by former chairman of Kano NUJ and a member of NUJ National Board of Trustees, Comrade Abbas Ibrahim, the NUJ National President, who said he has been impressed over the activities of Kano NUJ Correspondents’ Chapel, within the last one year, under the leadership of Comrade Murtala Adewale, emphasized the importance of compassion, unity, and addressing national challenges, particularly food security and insecurity.

Comrade Alhassan Yahya urged other NUJ chapels to draw inspiration from Kano Correspondents’ Chapel’s unity and camaraderie, highlighting their event as a model for promoting peace and solidarity among journalists.

He encouraged other chapels to organize similar events, fostering a sense of community and cooperation, which is essential for the growth and development of the journalism profession.

In his remarks, chairman of the occasion, a Professor of Communication in Bayero University, Kano (BUK), Prof. Yakubu Mai Nasara Kurfi, described the event as not only inspiring, but heart-warming, while urging the Kano Correspondents’ Chapel leadership to sustain the tempo.

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Prof. Mai Nasara Kurfi congratulated the Kano Correspondents’ Chapel executive members for their foresight to organize the event, and promised to borrow a leaf from them as he planned to introduce such occasion in the Faculty of Communication, BUK.

The Professor of Communication also used the occasion to canvass for collaboration and synergy among the NUJ, working journalists and the Faculty of Communication, BUK, so as to ensure training and re-training of both working journalists and student journalists for enhancement of the journalism profession.

The chairman of NUJ in Kano state, Comrade Suleiman Abdullahi Dederi, who was represented by the Vice Chairman, Comrade Mustapha Gambo, noted that the event was not only a Thanksgiving for the successful Ramadan and celebration of the Eid El Fitr, but a symbol of unity and togetherness among members of Kano Correspondents’ Chapel, and the larger Kano NUJ family.

“This even is so special because some of the prominent scholars and practitioners in the media are here. I want to thank and commend the leadership of the Kano Correspondents’ Chapel for organizing this event,” he said.

In his speech, chairman of NUJ Kano Correspondents’ Chapel, Comrade Murtala Adewale, described the event as not just a celebration, but a moment to reflect on Allah’s countless mercies—granting us the strength, patience, and opportunity to observe the holy month.

According to him: “Ramadan has been a period of spiritual renewal, sacrifice, and discipline. It has reminded us of the importance of empathy, humility, and self-restraint. As journalists, these values resonate deeply with our professional responsibilities—to be fair, truthful, and guided by integrity in all that we do.

“This gathering also serves as an avenue to strengthen our unity as members of the Chapel. In the midst of our demanding schedules and the pressures of the profession, moments like this allow us to reconnect, share, and reinforce the bond that holds us together.”

He encouraged all imbibe the lessons of Ramadan, and continue to embody patience, kindness, and responsibility, “in our daily lives and in our reportage. Our society looks up to us, and we must remain committed to promoting peace, truth, and understanding.

“I sincerely appreciate all our invited guests and well-wishers who have joined us today. Your presence is a testament to the strong relationships we have built over time, and we do not take it for granted. As we share this special breakfast, let us also remember those who are less privileged and continue to extend a helping hand, as taught during the holy month.”

The event was designed as a special Thanksgiving feast to appreciate Almighty Allah for His mercies and offer prayers for peace and progress, after a 30-day spiritual rejuvenation in the fasting month of Ramadan.

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