Stakeholders, JP Morgan’s Analysts Hail Leadership Change at NNPCL, Say Its New Dawn Task Ojulari-led company to complete IPO, sustain production growth, boost investor confidence, others Hail Tinubu for selecting a ‘surgical team’ to transform company
Peter Uzoho and Dike Onwuamaeze
Yesterday’s dissolution of the board
of the Nigerian National Petroleum Company Limited (NNPCL) by President Bola Tinubu and im-
mediately filling it with seasoned oil and gas professionals led by Ahmed Musa Kida and Bayo
Ojulari as Non-executive chairman and Group Chief Executive Officer, respectively, has gotten
the endorsement of JP Morgan’s Africa Emerging Markets Research team and has thrown local industry
stakeholders into an unprecedented Continued on page 33
Thursday 3 April, 2025 Vol 30. No 10952. Price: N400
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Tribunal Affirms Okpebholo, Ighodalo Vows to Appeal Alex Enumah in Abuja and Adibe Emenyonu in Benin City
L-R: Chairman, Caverton Helicopters, Mallam Bello Gwandu; Non-Executive Director, Caverton Offshore Support Group (COSG), Mr. Akin Kekere-Ekun; Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri; Chairman, Caverton Offshore Support Group, Mr. Aderemi Makanjuola; and Chief Executive Officer, COSG, Mr. Olabode Makanjuola, during Senator Lokpobiri’s facility tour of the state-of-the-art Caverton Aircraft Maintenance, Repair and Overhaul (MRO) Training Centre in Lagos, yesterday
The Edo State Governorship Election Petition Tribunal has affirmed the election of Senator Monday Okpebholo Continued on page 33
Targeting Education, Nutrition, Economic Resilience, W’Bank Approves New $1.08bn
FG, Japan launch strategic venture capital initiative for youth Nigeria, UNIDO sign $175m pact for industrial growth, jobs, economic transformation Senate: New Investment & Security Act to propel Tinubu’s $1trn economy Says legislation will end ponzi scheme Ndubuisi Francis, James Emejo, Sunday Aborisade in Abuja and Nume Ekeghe in Lagos The World Bank has approved three operations in Nigeria, totaling $1.08 billion in concessional financing, to enhance education quality, build household and community resilience, as well as improve nutrition for underserved groups.
This comes as Nigeria and Japan launched a strategic venture capital initiative that would channel naira-denominated investments into high-growth startups, shielding them from currency risks while unlocking access to long-term concessional financing. Also, the federal government Continued on page 33
TINUBU LEAVES FOR PARIS...
L-R: President Bola Ahmed Tinubu; Minister of Budget and National Planning, Atiku Bagudu; Minister of Finance, Wale Edun; Senator Abdul’aziz Yari; and National Security Adviser, Nuhu Ribadu, during the president’s working visit to France at the Presidential Wing of Nnamdi Azikiwe International PHOTO: GODWIN OMOIGUI Airport, Abuja, yesterday