Bayo Ojulari
The Nigerian National Petroleum Company Limited (NNPCL) recently marked a significant milestone – 100 days of Bayo Ojulari’s leadership as Group Chief Executive Officer. Here are some key achievements highlighted during this period.
NNPCL strengthened partnerships with upstream partners, driving growth in oil and gas production. The company ensured 100% pipeline availability, crucial for securing revenue flows. A major milestone achieved was the completion of the AKK River Niger Crossing, a vital segment of the Ajaokuta-Kaduna-Kano gas pipeline project. This project is expected to unlock Nigeria’s gas potential and enhance energy security.
NNPCL is committed to clean energy, demonstrated by the donation of 35 compressed natural gas (CNG) buses to the Presidential Initiative on CNG. This initiative aims to promote sustainability, affordability and innovation in Nigeria’s energy future. The company resumed publishing monthly financial and operational reports after a hiatus since 2021, showcasing its commitment to transparency and accountability.
NNPCL reported a Profit After Tax of N905 billion for June 2025, despite a decline from the previous month’s N1.054 trillion. The company remitted N6.96 trillion to the Federation Account within the first five months of 2025. NNPCL is engaged in ongoing technical and commercial reviews of Nigeria’s state-owned refineries, with a focus on long-term, value-driven solutions.
The company is also investing in staff welfare, closing benefit gaps and fostering a performance-driven culture. NNPCL aims to become an employer of choice, reinforcing its commitment to constructive engagement. Under Ojulari’s leadership, NNPCL seems focused on transforming the company into a commercially viable entity, prioritizing transparency, accountability and sustainability.
