Nigeria's State-Run Oil Corporation Becomes A Commercial Company

President Muhammadu Buhari unveiled the Nigerian National Petroleum Company Limited, assuring that the new company will guarantee energy security in the country. <br />He says NNPC Limited will sustainably deliver value to its over 200 million shareholders and the global energy community; operate without relying on government funding and be free from institutional regulations such as the Treasury Single Account. <br />He assured stakeholders in the industry that Africa’s largest NOC will adhere to its fundamental corporate values of Integrity, Excellence, and Sustainability while operating as a commercial, independent, and viable NOC at par with its peers around the world.