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Country Risk

All Change at Nigeria’s Oil Behemoth

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  • Nigerian President Bola Tinubu has gone all in for complete reform of Nigeria’s oil sector, replacing the entire leadership of NNPC, Africa's largest national oil company.
  • In early March, Tinubu declared a state of emergency in oil-rich Rivers State, justifying it on grounds of protecting vital pipeline infrastructure.
  • These bold moves come amid ongoing violent unrest in the north and as early campaigning for the 2027 election kicks off.

The Issue

Topics:
Conventional Oil and Gas, Elections, Policy and Regulation, Military Conflict
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