₦airaland Forum

CBN Governor Cardoso Pays Courtesy Visit to NNPC GCEO Ojulari, Emphasises Strategic Partnership for Economic Stabilisation

[b]-The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, on Monday paid a courtesy visit to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr Bayo Ojulari, at the NNPC Towers in Abuja.

The visit, described by the NNPC as “a moment of significant alignment and shared purpose,” focused on strengthening collaboration between the two institutions in pursuit of national economic stabilisation.

In a statement posted on its official X handle shortly after the meeting, NNPC Ltd said the dialogue “moved beyond mere discussion into a strategic confluence of vision, centred on the vital national imperative of economic stabilisation through deliberate partnership.”

The company reiterated its belief that sustainable progress in Nigeria’s energy sector and broader economy can only be achieved through collaboration.

“NNPC Limited operates on the firm conviction that true progress is collaborative. We are dedicated to forging synergies that enhance operational efficiency across every critical facet of our enterprise, understanding that our collective strength fuels national advancement,” the statement read.

You would recall that the NNPCL under the leadership of Ojulari has witnessed a tremendous growth and transparency as the company declared N5.4t rillion profit after tax for the year 2024.

Besides, Ojulari revealed revenue rose to N45.1 trillion from the N23.9trillion recorded in 2023.

In the 2024 report, while dividends were N4.3 trillion, earnings per share was N27.07.

Neither the CBN nor NNPC Ltd disclosed specific outcomes or agreements from the closed-door meeting. However, sources familiar with the discussions indicated that both leaders explored areas of mutual interest, including liquidity management in the oil and gas sector, foreign exchange reforms, and measures to boost investor confidence in the Nigerian economy.

The courtesy call comes amid ongoing efforts by the federal government to align fiscal and monetary policies in addressing persistent macroeconomic challenges, including inflation, currency volatility, and dwindling foreign reserves.

Mr Cardoso assumed office as CBN Governor in September 2023, while Mr Ojulari was appointed GCEO of the newly commercialised NNPC Ltd in April 2025.

StrongHustler:
Just like the CBN governor, I'm intelligent and making it big with football betting.

greatiyk4u:
Did he go there with police escorts?

ThunderFireAgba:
One of the few intelligent CBN governors we ever had.

Giftedhand47:
Drop code for us my brother let's make it together
Abi e no good make we shine together

grandstar:
Had the Naira been floated in 1999, and the fuel subsidy removed.

The economy would not be where it is today.

olaniyilukman:
always reasoning as a functioning human before you comment, what makes him stand out as one of the few best, the same CBN that under his watch, naira is worthless and almost few of our currency are functioning well in the market

olaniyilukman:
always reasoning as a functioning human before you comment, what makes him stand out as one of the few best, the same CBN that under his watch, naira is worthless and almost few of our currency are functioning well in the market

grandstar:
Had the Naira been floated in 1999, and the fuel subsidy removed.

The economy would not be where it is today.

ogugwa1992:
https://www.facebook.com/share/p/1A81dZsBLg/?mibextid=wwXIfr

ogugwa1992:
https://www.facebook.com/share/p/1A81dZsBLg/?mibextid=wwXIfr

greatiyk4u:
Did he go there with police escorts?

olaniyilukman:
always reasoning as a functioning human before you comment, what makes him stand out as one of the few best, the same CBN that under his watch, naira is worthless and almost few of our currency are functioning well in the market

olaniyilukman:
always reasoning as a functioning human before you comment, what makes him stand out as one of the few best, the same CBN that under his watch, naira is worthless and almost few of our currency are functioning well in the market

EponObi:
When Cardoso first started and was cleaning up, the war and tribulation seemed unsurmountable. I'm happy he successfully steadied the ship and put the dollar cabals in their place.

No one disturbs him nowadays.

The headmaster, indeed!

When two iron meet, na one go bend. The cabals don bend. The emergency lovers of Nigeria too don mechi ọnụ. Dem don switch to Trump and Christian genocide as economy propaganda no "jawo" again 😂

PDPdestroyer:
The best CBN governor ever!