President Muhammadu Buhari on Tuesday unveiled the Nigerian National Petroleum Company Limited (NNPC) Limited. The landmark event, which took place in Abuja on Tuesday, officially transformed the oil firm from a state-run oil corporation to a commercial venture. On July 1, 2022, NNPC Limited legally transformed into a company whose operations and activities are regulated by the Companies and Allied Matters Act (CAMA), following the Petroleum Industry Act (PIA) 2021. Speaking at the event, Buhari said the transformation would strengthen the capacity and market relevance of Nigeria’s oil industry. “This…
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