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Nigeria’s Oil Minister Gets OPEC Appointment

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timipre sylva oil minister

By Adedapo Adesanya

Nigeria’s Minister of State for Petroleum Resources, Mr Timipre Sylva, has been appointed by the Joint Ministerial Monitoring Committee (JJMC) of the Organization of Petroleum Exporting Countries (OPEC) to undertake a mission as Special Envoy to Congo, Equatorial Guinea, Gabon and South Sudan.

This was disclosed in a statement released by the OPEC secretariat, which explained that the decision, taken at the 26th meeting of the JMMC, was in line with the principles of fairness, transparency and equity that underpin the “Declaration of Cooperation”, (DoC).

The purpose of this mission is to hold consultations with the respective leaders of these countries on the DoC market rebalancing efforts.

In particular, the Special Envoy will discuss matters pertaining to conformity levels with the voluntary production adjustments and explore how the four nations can collectively support and assist each other in achieving full conformity with their supply adjustments.

As part of his duty, the Minister will also discuss with relevant authorities the compensation mechanism in accommodating underperformed volumes as agreed at the June ministerial meetings and later amended in September 2020.

Furthermore, this mission will solidify the dialogue channels among the countries, and enhance transparency and information exchange. Given the geographic proximity of these countries, it is a rare opportunity for Ministers and leaders to safely meet in person, following months of virtual conferencing.

Speaking on this, the chair of the committee, Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and co-chair, Mr Alexander Novak, Deputy Prime Minister of the Russian Federation, commended the positive efforts of all countries participating in the DoC for the monumental strides taken toward attaining full conformity with their voluntary adjustments in output.

The countries have been proactive and pre-emptive in measures taken to mitigate the devastating impact of the COVID-19 pandemic on the oil market.

While progress has been achieved in introducing a greater degree of stability in the oil market since the historic decisions taken in April 2020, participating countries had said the will not rest on their laurels. They noted that a sustainable oil market stability necessitates a continual renewal of effort, engagement and responsiveness to factors affecting the market.

Nigeria is the largest producing country in Africa and a key member of the DoC. In 2021, Nigeria will mark the 50th anniversary of its membership of OPEC which it joined in 1971.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Jobs/Appointments

Tinubu Nominates ex-SEC DG Lamido Yuguda as CBN Deputy Governor

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Lamido Yuguda

By Aduragbemi Omiyale

The immediate past Director General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has been nominated as Deputy Governor of the Central Bank of Nigeria (CBN).

The nomination was made by President Bola Tinubu, according to a statement issued on Wednesday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga.

His name would be sent to the Senate for confirmation in compliance with a section of the Central Bank of Nigeria Act, 2007.

He is replacing Mr Bala Bello, who was recently appointed as the Special Adviser to the President on Political Economy.

Mr Lamido was in charge of the apex capital market regulatory body in Nigeria from 2020 to 2024. He was replaced by Mr Emomotimi Agama.

He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy. In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.

The nominee began his career in 1984 at the CBN as a Senior Supervisor in the Foreign Operations Department.

He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN. He retired from the CBN in 2016, after serving as Director of the Reserve Management Department for six years.

President Tinubu has charged Mr Yuguda and his predecessor to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth, in their respective roles.

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Nigerian Breweries’ Thibaut Boidin Emerges Beer Sectoral Group Chairman

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Thibaut Boidin Nigerian Breweries

By Aduragbemi Omiyale

The chief executive of Nigerian Breweries Plc, Mr Thibaut Boidin, has been appointed as the chairman of the Beer Sectoral Group (BSG) of the Manufacturers Association of Nigeria (MAN).

In his new role, Mr Boidin will collaborate closely with the board of CEOs to provide strategic leadership for the group to advance critical industry priorities, including shaping sustainable category growth, advocating for commercial freedom through balanced and growth-oriented fiscal policies, and strengthening the differentiation and long-term competitiveness of beer within Nigeria’s beverages market.

He succeeds Mr Carlos Coutino. His appointment, according to a statement, became effective Thursday, March 5, 2026.

Mr Boidin brings extensive international leadership experience across nine countries to the BSG Chairmanship. He joined the HEINEKEN Group in 2017 as Deputy Managing Director of France Boissons (HEINEKEN largest integrated Distributor) and went to on to hold Chief Transformation Officer roles in HENIKEN France and HEINEKEN Europe.

Most recently, he served as Managing Director of HEINEKEN Romania, one of the group’s largest operations in Eastern Europe, before being appointed the chief executive of Nigerian Breweries Plc.

Prior to joining HEINEKEN, Mr Boidin served as an officer in the French Armed Forces across various continents, before transitioning to the corporate sector where he held senior executive and Managing Director roles at leading French organisations, including Elis and Veolia.

“I am honoured by the confidence reposed in me by my industry peers. With over three million jobs in the value chain, the beer sector has a critical role to play in Nigeria’s manufacturing and economic ecosystem through investment, local value creation, responsible consumption, and sustainable contribution to government revenue.

“As Chairman of the Beer Sectoral Group, my focus is to work closely with MAN, government and stakeholders to unlock category growth, enable fair competition, and support a predictable fiscal environment in which legitimate manufacturers can thrive,” Mr Boidin commented on his appointment.

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IGP Disu Chooses Anthony Okon Placid as New Police Spokesman

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By Modupe Gbadeyanka

Mr Anthony Okon Placid has been appointed as the new Force Public Relations Officer (FPRO), replacing Mr Benjamin Hundeyin.

Mr Placid, a Deputy Commissioner of Police (DCP), was chosen for the position by the new Inspector-General of Police (IGP), Mr Tunji Disu.

In a statement on Sunday by Mr Hundeyin, an Assistant Commissioner of Police (ACP), his successor was described as “a seasoned officer of the Nigeria Police Force with extensive experience in administration, operations, intelligence, training, and international peacekeeping.”

The 55-year-old police officer was born on December 2, 1970, in Uyo, Akwa Ibom State and holds a Bachelor of Science degree in Geography and Regional Planning from the University of Uyo.

The indigene of Mbiokporo Nsit in the Nsit Ibom Local Government Area of Akwa Ibom State also holds a Master of Arts in Law and Diplomacy (MALD) from the University of Jos and studied Law at the National Open University of Nigeria for a Bachelor of Laws (LLB)

He was appointed into the Nigeria Police Force as a Cadet Assistant Superintendent of Police at the Police Academy, Kano, in 1996, and was commissioned in August 1998.

He has attended several professional and international courses, including United Nations Peace Operations Specialised Training (POST), with certifications as an expert in Police Studies, Military Studies, Gender Awareness, International Humanitarian Law, Human Rights, and Civilian Protection. UNITAR Senior Leadership and Peacebuilding course in Kenya.

Mr Placid has served in various strategic capacities within and outside the country, including Police Public Relations Officer (PPRO), Adamawa State; PPRO, Police Staff College, Jos; Chief of Training, African Union Mission in Sudan; Head of Training and Development, United Nations Mission in Darfur; Divisional Police Officer in Federal Housing Calabar, Bakassi, Uruan, and Gembu; Officer-in-Charge, Anti-Robbery Unit, Kaduna State; African Union Election Security Adviser; Assistant Commissioner of Police (Operations) in Akwa Ibom and Kogi States; Assistant Commissioner of Police, Intelligence Department, Abia State; and Deputy in charge of Administration and Finance, Zone 3 Headquarters, Yola.

He is also a member of the International Association of Chiefs of Police (IACP), Commonwealth Human Rights Trainer and International Committee of the Red Cross (ICRC) Trainer on International Humanitarian Law. He is a graduate of the Senior Executive Course (SEC 47) of the National Institute for Policy and Strategic Studies (NIPSS), Kuru, and was inducted as a Member of the National Institute (mni) on December 13, 2025, prior to his redeployment to Cross River State.

The new police spokesman, who can be reached via 07031179186, is happily married with children. His hobbies include listening to good music, playing football, basketball, table tennis, badminton, and engaging with people.

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