Nigeria’s president has replaced the board of the country’s state-owned oil company and put a former Shell executive in charge, as Africa’s largest crude producer tries to revive output and attract investment.
President Bola Tinubu said on Wednesday he had sacked the entire 11-person board of the Nigerian National Petroleum Company and replaced chief executive Mele Kyari with former Shell engineer Bashir Ojulari.
Ojulari previously served as managing director of Shell’s Nigeria deepwater exploration and production unit. He was most recently chief operating officer of Renaissance Africa Energy, the consortium that bought Shell’s Nigeria onshore division in a deal completed last month.
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