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NNPC Restructuring: NAPIMS Now NUIS

The National Petroleum Investment Management Services (NAPIMS), a division of the Nigerian National Petroleum Company (NNPC) Limited, has been renamed the “NNPC Upstream Investment Services (NUIS)” as part of the company’s ongoing restructuring and consolidation.

The General Manager, of Nigerian Petroleum Exchange (NIPEX), a division of NAPIMS, Mr. Andrew Grant, represented the Group General Manager, NAPIMS, Mr. Bala Wunti, at the Nigerian Association of Petroleum Explorationists’ (NAPE) 40th Pre-conference workshop held in Lagos, yesterday, announced the name change to industry stakeholders present.

The theme of the pre-conference workshop was, “Energy Security and Transition Strategies: Opportunities and Challenges in Nigeria.”

By the requirements of the Petroleum Industry Act (PIA) 2021, NNPC changed its legal status to become a limited liability company operating under the Companies and Allied Matters Act (CAMA), and since then, the company has been reorganizing to reflect this change and further its objectives.

Just a few days ago, the state oil company named five executive vice presidents in its efforts to consolidate its post-commercialization drive, with the Group Executive Director, Upstream, Adokiye Tombomieye made the Executive Vice President (Upstream) while the Group Executive Director, Downstream, Mr. Adeyemi Adetunji took the role of Executive Vice President (Downstream).

In addition, the Executive Director, of Gas and Power, Abdulkabir Ahmed became the Executive Vice President, of Gas, Power, and New Energies, while Inuwa Danladi was named the Executive Vice President, of Business Services.

Furthermore, Mrs. Oritsemeyiwa Eyesan took the role of Executive Vice President, Corporate Strategy and Sustainability; while Chidi Momah became the General Counsel for the National Oil Company (NOC).

A few months earlier, NNPC had changed the official title of its Group Managing Director, Mallam Mele Kyari to the Group Chief Executive Director (GCEO).

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