Jobs/Appointments
NNPC Trims Workforce by 0.3% to 5,692
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited has announced that its workforce went down by 0.3 per cent in the first three months of 2024 to 5,692 from 5,710 in the last quarter of 2023.
The state-owned oil firm, in a report on its staff strength for the first quarter of 2024, stated that 4,632 staff were males, while 1,060 staff were females, representing 81.4 per cent and 18.6 per cent for males and females, respectively.
This was even as analysts projected that skills development and training programs would continue to enhance local content in the second quarter of 2024.
The analysts further warned that activities in the petroleum industry would likely be curtailed by labour disputes and strikes, adding that emphasis on local content development and utilisation remain priorities in the industry.
Meanwhile, at the end of 2023, the NNPC stated that of its 5,710 staffers, 4,648 workers were male, while 1,062 staff were female.
The NNPC noted that in the first quarter of 2024, its top management comprised 115 males and 41 females; at the middle management level, 722 staff were male, while 214 members of staff were female.
Furthermore, in its senior staff cadre, 3,559 employees were males, while 792 employees were females; while in the junior category, males comprised 206 staff, while females comprised 13 staffers.
Further breakdown of its staff composition in the fourth quarter of 2024, the NNPC reported that junior staff category two (JS2) had only one male; Junior staff category one (JS1) had 205 males and 13 females; senior staff seven and six (SS7 and SS6) had 27 males and two females, 72 males and six females, respectively.
Continuing, it noted that 1,091 individuals make up its senior staff five (SS5) category, comprising 907 males and 184 females; SS4 had 202 staff, comprising 28 females and 174 males; SS3 had 586 males and 94 females, bringing total staff in this category to 680.
Senior staff two category (SS2) and senior staff category one (SS1) had 434 and 1,867 staff respectively, with 75 and 403 females, respectively, and 359 and 1,464 males, respectively.
In management cadres 6, 5, 4, 3 and 2 (M6, M5, M4 and M3), total staff strength are 685 employees, 251 employees, 118 employees and 32 employees, respectively, with males making up 538 staff, 184 staff, 85 staff and 25 staff, respectively, while females comprise 147 staff, 67 staff, 33 staff and seven staff.
NNPC’s management cadre level 2 (M2) had five staff, consisting of four men and one woman; while management cadre one (M1) had only one male in its employ.
The NNPC had in its previous employee report noted that 81.4 per cent of its total staff in the first quarter of 2023 (4,911 employees) were male, while female workers make up 18.6 per cent (1,121 employees).
In addition, the national oil firm noted that in the second quarter of 2023, its staff strength dropped by 3.27 per cent to 5,835 employees, compared to the first quarter’s staff strength.
The NNPC added that the second-quarter employee figure stood at 4,747 and 1,088 for male and female, respectively.
In the third quarter of 2023, the NNPC reported that its staff strength returned to 6,032, the same point it was at the end of the first quarter of the same year; while it dropped by 5.34 per cent to 5,710 staffers at the end of the fourth quarter of 2023, comprising 4,648 male workers and 1,062 female workers.
By Adedapo Adesanya
Global blockchain ecosystem behind the world’s largest digital asset exchange by trading volume and users, Binance, has appointed its co-founder, Ms Yi He, as its co-CEO.
“Yi has been an integral part of the executive leadership team since the launch of Binance. Her innovative and user-focused approach has been instrumental in shaping the company’s vision, culture, and bottom-up business strategy,” said Binance CEO, Mr Richard Teng. “This appointment is a natural progression and she will continue to guide the organization from strength to strength.”
“We remain dedicated to being the most trusted and regulated exchange in the world, always putting our users first. Yi plays a critical role in growing our community and driving product innovation as we work to reach one billion users. Together, we are focused on building the Web3 infrastructure and promoting financial freedom, empowering people to participate in a more open and fair financial system,” added Mr Teng.
“I am honored to build alongside Richard, who brings decades of experience in regulated financial markets and was among the first to regulate crypto in its early days,” said Ms He. “Together, we bring diverse perspectives and are confident in leading the future of the industry during this pivotal time, as we responsibly expand our global presence and drive sustainable innovation with our users always at the center.”
Binance remains one of the world’s largest players in crypto trading, and leadership changes within the company continue to draw attention due to its scale and influence.
The appointment of a co-CEO adds structure during a period when global exchanges emphasize compliance, operational clarity and more formal management frameworks.
The company did not announce changes to its product lineup or platform priorities alongside the leadership update, and no financial terms were disclosed. The addition of a co-CEO role reflects an internal effort to distribute responsibilities as the firm works with regulators and seeks stability in a competitive and closely watched industry.
By Adedapo Adesanya
The African Petroleum Regulators Forum (AFRIPERF) has chosen Nigeria as its official headquarters and also elected the chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, as its chairman.
Recall that in September, 16 countries, led by Nigeria, gathered in Accra, Ghana, to witness the signing of the charter establishing the forum, which seek to harmonise oil regulation in Africa.
Others include Ghana, Somalia, Gambia, Madagascar, Sudan, Guinea, and Togo among others.
The decisions were announced at the inaugural executive committee meeting of the forum which took place virtually on December 2, 2025. The meeting which was attended by the 16 African countries, was convened to pick its leadership, headquarters and logo.
Prior to his endorsement as the substantive pioneering chairman, Mr Komolafe acted in interim capacity.
Also, Mrs Eyoanwan Ndiyo-Aiyetan also emerged as the secretary of AFRIPERF.
According to a statement on Wednesday, NUPRC notes that the development affirms Nigeria’s central role in the African petroleum regulatory space and as Africa’s largest producer of crude oil.
In his acceptance speech, Mr Komolafe thanked his African counterparts for the trust and honour, promising to ensure that no member country is left behind.
AFRIPERF aims to strengthen regional petroleum governance by fostering collaboration, cooperation and coordination among member regulators.
Its mission includes creating standards, enhancing transparency and addressing cross-border challenges such as gas trade, emissions, and digitalisation while making the African continent energy sector attractive for crucial investments.
By Adedapo Adesanya
The immediate past Chief of Defence Staff (CDS), General Christopher Gwabin Musa, has been nominated by President Bola Tinubu as the new Minister of Defence, replacing Mr Mohammed Badaru Abubakar.
The erstwhile minister resigned from his position with immediate effect for health reasons, the president’s spokesman, Mr Bayo Onanuga, had said on Monday night.
The 63-year-old’s departure coincides with a period of heightened security challenges across Nigeria, with the government under pressure to deal with a spate of mass kidnappings.
In a letter to Senate President, Mr Godswill Akpabio, President Tinubu conveyed Mr Musa’s nomination as the successor to Mr Abubakar, according to statement on Tuesday by Mr Onanuga, the Special Adviser to the President on Information and Strategy.
The 58-year-old retired military chief is described as a distinguished soldier who served as the CDS from 2023 until October 2025. He won the Colin Powell Award for Soldiering in 2012.
Born in Sokoto in 1967, Mr Musa received his primary and secondary education there before attending the College of Advanced Studies in Zaria. He graduated in 1986 and enrolled at the Nigerian Defence Academy the same year, earning a Bachelor of Science degree upon graduation in 1991.
He was commissioned into the Nigerian Army as a Second Lieutenant in 1991 and has since had a distinguished career. His appointments included General Staff Officer 1, Training/Operations at HQ 81 Division; Commanding Officer, 73 Battalion; Assistant Director, Operational Requirements, Department of Army Policy and Plans; and Infantry Representative/Member, Training Team, HQ Nigerian Army Armour Corps.
In 2019, he served as Deputy Chief of Staff, Training/Operations, Headquarters Infantry Centre and Corps; Commander, Sector 3, Operation Lafiya Dole; and Commander, Sector 3 Multinational Joint Task Force in the Lake Chad Region.
In 2021, Mr Musa was appointed Theatre Commander, Operation Hadin Kai. He later became Commander of the Nigerian Army Infantry Corps before being appointed CDS by President Tinubu in 2023.
In the letter to the Senate, Mr Tinubu expressed confidence in Mr Musa’s ability to lead the Ministry of Defence and further strengthen Nigeria’s security architecture.
If confirmed by the upper legislative chamber, he will take up the ministry at a crucial time when security challenges including terror and kidnappings are plaguing the country.
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