The Nigerian National Petroleum Company Limited (NNPC Ltd.) plans to restructure its portfolio by rationalising non-core and underperforming assets and reviewing the ownership and operating models of key businesses, including its refineries. The Group Chief Executive Officer, Bashir Bayo Ojulari, disclosed this while presenting the company’s 2025 performance and outlining its medium-term strategy. The strategy includes strengthening and scaling strategic businesses such as power and trading. According to Ojulari, these actions are aimed at improving returns, enhancing capital efficiency and positioning the businesses for sustainable long-term growth.
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