The Nigerian National Petroleum Company Limited has compulsorily retired all management staff with less than 15 months to statutory retirement.

The company declared that the retirement of the affected workers was with immediate effect, stressing that the move would support its business objectives.

The national oil firm revealed this via its official X (formerly Twitter) handle.

It was further gathered that the firm also carried out employee reorganisations in its top management cadre, moving some senior officials to other arms of its ventures such as the Nigeria Liquefied Natural Gas Limited, and Nigeria Petroleum Development Company, among others.