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International Business Times
International Business Times
Business

Nigerian President Sacks Board Of State Oil Company

The oil sector is a key part of Nigeria's economy -- generating massive wealth and government revenues while also being dogged with corruption (Credit: AFP)

President Bola Tinubu dismissed the entire leadership of Nigeria's state-run oil company Wednesday, naming a former Shell executive to lead the outfit in a sweeping overhaul that one commentator described as "long overdue".

The National Petroleum Company (NNPC) Limited's group chief executive, Mele Kyari, as well as its chairman Pius Akinyelure -- a close ally of Tinubu -- were among those ousted.

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