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17.8.21

NNPC would be transformed into a private company that would pay taxes and dividends to its shareholders - GMD

Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC)  Mele Kyari, spoke to Arise TV on Monday and said the national oil company would be transformed into a private company that would pay taxes and dividends to its shareholders. He said this is following the recent signing into law of the Petroleum Industry Bill by President Muhammadu Buhari and the new company would be incorporated under the Companies and Allied Matters Act (CAMA). NNPC recently had a shakeup in management staff reported here in line with these developments.


Read more details at The Cable.



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