Nigeria Navy arrest oil thieves, recover exhibits
The Nigerian Navy has intensified its fight against oil theft through Operation DELTA SANITY II. In a series of operations across different states, officers have arrested several oil thieves, seized thousands of litres of stolen crude oil, and dismantled illegal refining sites. On January 6, 2025, the Navy intercepted two boats carrying 2,000 litres of […]
Nigeria Blocks Export Permits Of Oil Producers Not Meeting Local Refinery Quotas
Nigeria has made a strong move to ensure that oil producers meet their domestic supply obligations by blocking oil export permits for companies that fail to send enough crude to local refineries. This includes the Dangote Refinery, the largest in Africa. The country’s Petroleum Industry Act (PIA) requires oil producers, both local and international companies, […]
Dangote Refinery Extends Export To Three African Countries
The Dangote Refinery has recently expanded its reach by exporting Premium Motor Spirit (petrol) to several African countries, including Cameroon, Angola, Ghana, and South Africa. This marks a significant achievement for the refinery, which is part of the larger Dangote Industries, founded by Nigerian billionaire Aliko Dangote. Devakumar Edwin, the Vice President of Oil and […]
Yabagi Sani Claims Tinubu is Being Used as a Shield for NNPC Corruption
Yabagi Yusuf Sani, the National Chairman of the Action Democratic Party (ADP), has accused President Bola Tinubu of being used as a shield to protect the corruption taking place in the Nigerian National Petroleum Company Limited (NNPCL). Sani, a former presidential candidate, expressed frustration over the lack of action on the growing corruption in the […]
Dangote Refinery to Withdraw Lawsuit Against NNPCL and Other Companies
Dangote Refinery has decided to withdraw its court case against the Nigerian National Petroleum Corporation Limited (NNPCL) and five other companies involved in the importation of petroleum products. This clarification comes after some confusion about the ongoing legal situation. The lawsuit also names Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 […]
Petrol Prices in Nigeria Could Increase Again, According to Marketers
Nigerians might soon see an increase in petrol prices. Oil marketers are raising concerns due to the rising cost of crude oil, which has hit around $78 per barrel. This situation could lead to more challenges for people who rely on petrol for their daily needs. Billy Gillis-Harry, the President of the Petroleum Products Retail […]
Surge in Oil Theft: 218 Incidents Reported, 31 Arrests Made in One Week
Nigeria’s oil industry has once again been hit by a surge in oil theft. Between September 7 and 13, 2024, security agencies recorded 218 cases of oil theft across the Niger Delta region, leading to the arrest of 31 suspects. This was revealed in a recent report by the Nigerian National Petroleum Company Limited (NNPC). […]
Nigeria Police Discover Illegal Refinery and Arrest Four Suspects
The Nigeria Police’s Special Task Force on Petroleum and Illegal Bunkering (IGP-STFPIB) recently made a significant breakthrough in the fight against illegal oil activities. Officers uncovered an illegal petroleum refinery operating in Rivers State. According to a statement released by the Force Public Relations Officer, ACP Olumuyiwa Adejobi, the raid took place on Thursday. The […]
“Tony Elumelu Demands Government Reveal Those Behind Crude Oil Theft Using Vessels”
In a recent interview with the Financial Times, Nigerian business mogul Tony Elumelu called on the Nigerian government and security forces to disclose the identities of those involved in stealing crude oil from the country. Elumelu highlighted that oil theft, particularly by criminal gangs using vessels, has severely impacted Nigeria’s oil production and led to […]
Tinubu Orders NNPCL to Sell Crude Oil to Dangote Refinery in Naira
In a major policy shift, President Tinubu has directed the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to the Dangote Refinery using Naira. This new approach, announced by Bayo Onanuga, a media aide to the president, is designed to stabilize fuel prices and the Naira-Dollar exchange rate. The Federal Executive Council (FEC) […]