What is the new NNPC Limited about?
The Nigerian National Petroleum Corporation (NNPC) was established in 1977 as a state-owned corporation to manage the country’s petroleum resources. In 2021, the Petroleum Industry Act (PIA) was signed into law, which transformed the NNPC into a limited liability company (LLC) known as NNPC Limited. This transition was completed on July 1, 2022. Key changes … Read more