President Buhari has approved the immediate unbundling of the Nigerian 
National Petroleum Corporation, NNPC, into seven independent operational
 units. Minister of State for Petroleum Resources, Ibe Kachikwu, made 
this known today March 8th.  According to Kachiukwu, the new units are 
Upstream, Downstream, Gas & Power, Refineries, Ventures, Corporate 
Planning & Services and Finance and Accounts.
He said each of the units would be headed by chief 
executive officers, namely Bello Rabiu for Upstream; Henry Ikem-Onih 
(downstream); Anibor Kragha (Refineries); Saudu Mohammed (Gas & 
Power), Babatunde Adeniran (Ventures), Isiaka Abdulrasaq Finance & 
Accounting and Isa Inuwa Executive Head, Corporate Planning and 
Services.
All appointments take immediate effect.
 
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