Nigeria, April 3 -- Earlier on Wednesday, President Bola Tinubu sacked the board of the Nigerian National Petroleum Company Limited (NNPC Ltd), including its Group Chief Executive Officer (GCEO), Mele Kyari and board chairperson Pius Akinyelure.

The president also approved Bayo Ojulari as the new GCEO of the NNPC and Ahmadu Kida as non-executive chairman.

"President Tinubu also handed out an immediate action plan to the new board: to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives," presidential spokesperson Bayo Onanuga wrote in a Wednesday statement announcing the new appointments.

Mr Kida, the newly appointed board chairman from Borno state, holds ...