Petroleum minister Emmanuel Kachikwu becomes chairman of NNPC Kachikwu replaced as NNPC managing director by Maikanti Buri Nigeria’s government made wide-ranging changes to the leadership of its state oil company as the nation grapples with crude prices that are too low to balance the budget and a militant insurgency that’s damaging production of its biggest export. Petroleum Minister Emmanuel Ibe Kachikwu will become chairman of the Nigeria National Petroleum Corp. having previously been managing director, according to a Facebook posting on Monday by presidential spokesman Femi Adesina. Among other changes, Maikanti Baru becomes managing director, having been group general manager before the changes. The new board has seven other members, including Abba Kyari, the president’s chief of staff. Close all those tabs. Open this email. Get Bloomberg’s daily newsletter. Politics The latest political news, analysis, charts, and dispatches from the campaign trail. You will now receive the Politics newsletter […]