Headlines
Postings, dismissals prepare us for unbundling, says NNPC

The latest shakeup that led to the redeployments promotion and sacking of some senior management workers at the Nigerian National Petroleum Corporation was in preparation for the proposed unbundling of the oil firm.
Officials of the corporation stated that the move was part of plans by NNPC to implement the recommendations contained in the Petroleum Industry Bill, which had been passed by the National Assembly.
This came as oil dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria told our correspondent that the government should ensure the speedy implementation of the unbundling of NNPC as proposed in the petroleum bill.
Although the bill had yet to be assented to by the President, Major General Muhammadu Buhari (retd.), it recommended that the corporation be transformed into a limited liability company.
It read in part, “The minister shall within six months from the commencement of this Act, cause to be incorporated under the Companies and Allied Matters Act, a limited liability company, which shall be called Nigerian National Petroleum Company Limited.
“The minister shall at the incorporation of NNPC Limited, consult with the Minister of Finance to determine the number and nominal value of the shares to be allotted, which shall form the initial paid-up share capital of NNPC Limited and the government shall subscribe and pay cash for the shares.”
On why the corporation made new appointments ahead of its incorporation into a new entity as proposed in the PIB, its Group General Manager, Group Public Affairs Division, Kennie Obateru, said, “The whole process of unbundling will happen when the bill is assented to.
“However, like in any serious organization, when you anticipate that something will happen, you can begin to prepare yourself without necessarily having to take specific actions in that regard.
“But it becomes law only when Mr President assents to it and that is when categorical steps will be taken to effect the changes brought about by the PIB.”
Asked to explain the oil firm’s declaration that chief operating officer positions in the corporation had been re-designated as group executive directors in alignment with the rules of the Company and Allied Matters Act, Obateru said officials in the new position might handle the required groundwork when the PIB becomes law.
He said, “You can begin some preparatory work, for example, there’s no time we will not have people in that category. So, the nomenclature is just the issue and you can begin to do that, preparatory to the new identity.
“Maybe those are the people who will begin the groundwork for the changes when the PIB is assented to.”
On complaints in some quarters over the alleged undue sacking of the Chief Operating Officer, Gas, and Power, Yusuf Usman, the NNPC spokesperson argued that what was done was based on the best assessment of the oil firm’s leadership.
Obateru said, “The leadership from time to time look at who can help deliver the best value for the job that is at hand to be done and that is the consideration that goes into such appointments.
“Only one person was replaced; others were either moved or promoted and that is based on an assessment and what the leadership thinks is best for the corporation.”
Commenting on the shakeup at the corporation, the National Public Relations Officer, IPMAN, Chief Chinedu Ukadike, said the government was working in line with the PIB.
He said, “In line with the rules of the Corporate Affairs Commission, there must be an independent Nigerian National Petroleum Company, which is a registered company.
“So when you don’t follow all the laid down statutes, there is no way you are going to achieve the PIB because it gave room for all these factors that will ensure that this company or companies are run independently without undue interference.
“It is a laudable activity that shows transparency and we want to commend the minister, as well as ask for the speedy implementation of the unbundling process.”
On Monday NNPC announced the promotion and redeployment of some staff to fill vacant positions, as well as the disengagement of a chief operating officer.
The oil firm’s Group Managing Director, Mele Kyari, said the new appointments would enable the corporation to live up to the expectations of Nigerians.
Headlines
China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

China has revamped its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a more convenient refund-upon-purchase system, according to the State Taxation Administration (STA).
The STA announced on Tuesday that under the new system, foreign visitors can now claim Value Added Tax (VAT) rebates instantly at designated tax-free stores. This change allows tourists to use their refunded amount immediately for additional shopping, enhancing their overall experience in China.
Previously, VAT rebates could only be withdrawn upon departure, but with the new policy, tourists will be able to access their refunds in real-time during their stay. The policy, which was initially tested in cities like Shanghai, Beijing, and Guangdong, has now passed all operational requirements and will be rolled out nationwide.
The STA emphasized its dedication to improving policy guidance and simplifying refund procedures to better serve international visitors.
Li Xuhong, Vice-President and Professor at the Beijing National Accounting Institute, welcomed the change, stating that the nationwide implementation would raise China’s tourism service standards. “It will foster a friendly, efficient, and convenient tourism environment,” Xuhong added.
Headlines
Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan’s Trade Office Claims

Rep. Jaafaru Yakubu, Chairman of the House of Representatives Committee on China-Nigeria Parliamentary Relations, has reiterated Nigeria’s firm commitment to the One-China Policy, following recent comments by Taiwan’s Trade Mission Head in Nigeria, Andy Yih-Ping Liu.
Speaking in Abuja on Tuesday, Yakubu firmly declared that Nigeria continues to recognize Taiwan as an integral part of the People’s Republic of China. He rejected Liu’s claim that Taiwan was not part of China, labelling it as “propaganda” aimed at undermining the strong diplomatic ties between Nigeria and China.
“For the record, United Nations General Assembly Resolution 2758, adopted in 1971, recognised the People’s Republic of China as the sole legitimate representative of all of China, including Taiwan,” Yakubu stated. “The One-China Policy remains the cornerstone of China-Nigeria relations.”
He emphasized that since Nigeria and China established diplomatic ties in 1971, the country has consistently upheld this principle. “Efforts by Taiwan’s trade office to challenge this stance are futile and will not succeed,” Yakubu added.
Yakubu criticized Liu’s comments as an attempt to draw Nigeria into China’s internal matters, accusing the Taiwanese official of deliberately sowing discord and provoking a diplomatic rift. “Nigeria’s relationship with China is built on mutual respect and non-interference in each other’s political matters,” he said.
In response to Liu’s claim that China acted as a bully, Yakubu pointed to the positive trajectory of Nigeria-China relations. “Contrary to these baseless assertions, Nigeria has enjoyed a mutually beneficial partnership with China, yielding tangible results for both nations. Since 1971, our ties have grown significantly.”
He highlighted the strategic nature of the partnership, referencing the elevation of the relationship to a Comprehensive Strategic Partnership during the 2024 FOCAC Summit in Beijing. “Today, Nigeria stands as China’s second-largest trading partner in Africa, with bilateral trade surpassing 20 billion dollars,” Yakubu noted.
Furthermore, Yakubu praised China’s role in Nigeria’s infrastructural development, with investments in sectors such as rail networks, roads, ports, power stations, and water treatment facilities.
Headlines
Shettima Warns Media Against Romanticising National Challenges

Vice President Kashim Shettima has cautioned Nigerian media practitioners against the growing tendency to romanticise serious national issues, describing the trend as a dangerous departure from the media’s constitutional duty of promoting truth and accountability.
Represented by his Special Adviser on Special Duties, Modibbo Umar, the Vice President issued the warning on Tuesday while delivering a speech at the 17th LEADERSHIP Conference and Awards held at the Old Banquet Hall of the State House, Abuja.
“We must resist the temptation to romanticise serious national issues or frame them in ways that distort public understanding,” Shettima said. “Doing so only weakens the fabric of our democracy and derails our collective efforts at nation-building.”
The Vice President’s remarks came as stakeholders in governance, business, and civil society gathered to reflect on the theme of the event, “Challenges and Opportunities in Nigeria’s Fiscal Federalism.” The conference provided a platform for thoughtful engagement on some of the country’s most pressing issues, with a focus on the responsibilities of leadership at all levels.
Shettima also used the occasion to commend LEADERSHIP Newspapers Group for its consistent contributions to national discourse and its commitment to celebrating excellence in leadership.
“I commend LEADERSHIP Newspaper for the vision to convene this vital discourse and for shining the light on those who have chosen to lead with courage and competence. May we never tire of striving for a better Nigeria,” he said.
The annual LEADERSHIP Conference and Awards continues to be a major event that brings together influential voices to deliberate on national progress and honour individuals and institutions making meaningful impact in society.
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