Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC), now NNPC Limited, is the country's state-owned oil and gas company, established in 1977. Headquartered in Abuja, it manages the nation’s hydrocarbon resources, operating across the petroleum value chain.
History and Evolution: Formed through the merger of the Nigerian National Oil Corporation (NNOC) and the Federal Ministry of Mines and Power, the company was created to manage the nation’s petroleum resources and drive energy development.
Under the Petroleum Industry Act (PIA) of 2021, NNPC was transformed from a government corporation into a commercially oriented limited liability company, officially becoming NNPC Limited in July 2022.
Operations: NNPC operates across the entire energy value chain, including oil and gas exploration, production, refining, petrochemicals, transportation, marketing, and renewable energy investments.
The company plays a critical role in Nigeria’s economy, contributing significantly to government revenue, foreign exchange earnings, and national energy security.
Leadership: As of 2026, NNPC Ltd. is led by Group Chief Executive Officer Bashir Bayo Ojulari and Board Chairman Ahmadu Musa Kida, following a leadership restructuring in 2025.
