General
NDLEA Seizes N9.8bn Codeine Syrup at Onne Port
By Adedapo Adesanya
The National Drug Law Enforcement Agency (NDLEA) has intercepted another batch of seven containers bearing 1,229,400 bottles of codeine syrup worth N9.8 billion at the Onne port.
The latest seizure made on Thursday, July 18, 2024, is the fourth and last set of such consignments that have been under the watchlist of the agency’s Maritime Special Operations Unit Targeting Team, which worked in partnership with the Port Harcourt Ports Command of the Agency and other security agencies, including the Customs Service for a 100 per cent joint examination of the targeted containers.
Three weeks ago, NDLEA seized 6,125 cartons of the same product containing 1,050,000 bottles worth N7.35 billion in street value, at the Port Harcourt Ports complex, Onne, Rivers state.
A statement by the Director of Media and Advocacy at NDLEA in Abuja, Mr Femi Babafemi, said the feat was achieved following credible intelligence and months of diligent tracking of the consignments from their port of departure.
“At the joint examination of the containers with other security agencies on Thursday, all seven containers were found bearing a total of 8,774 cartons of codeine-based cough syrup with 1,229, 400 bottles weighing 184,410 kilograms.
“A breakdown of the shipments that came from India via the Maersk Vigo Vessel shows that the container marked SEKU 6439421 has 875 cartons with 175,000 bottles of codeine weighing 26,250kg,” the statement released on Friday said.
Other items in the container include 70 cartons of chilli cutters and 55 cartons of Hyregra tablets weighing 1,100kg.
Another container marked CMAU 9410422 contains 875 cartons of codeine with 175,000 bottles weighing 26,250 kg.
Other items in the container include 15 cartons of chilli cutters and 60 cartons of Hyregra tablets weighing 1,200 kg.
Also, the container marked TLLU 7595503 has a total of 1,754 cartons of codeine syrup containing 179,400 bottles weighing 26,910kg.
Four other containers marked: TRHU 515117; CMAU 7877125; CMAU 8533700; and CMAU 3882205, contain 175,000 bottles of the same substance each in addition to other items such as chilli cutters, cartons of Hyregra tablets and diclofenac used to mask the shipments.
Speaking on the latest move, the Chairman/ Chief Executive of NDLEA, Mr Mohamed Marwa, commended all the officers, men and women of the various formations of the agency that had been working on the targeted containers for months for their diligence, vigilance and professionalism.
He equally praised the support received from other stakeholders at the ports, that enabled the seamless and successful operations in the course of targeting the shipments.
He said the operation, which had inflicted heavy losses on the cartels behind the shipments, had further degraded their capacity and financial base.
By Adedapo Adesanya
The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced that Nigeria will launch a new alphanumeric postcode system on October 1, 2026, with every home expected to have a unique postcode.
Mr Tijani disclosed the development in a video post on X, describing the new system as a more precise and digitally oriented approach to addressing locations across the country.
He said the initiative would mark a significant shift in Nigeria’s postal addressing system by assigning unique postcodes to individual homes.
The initiative marks a major step in Nigeria’s digital transformation agenda. By replacing the outdated numeric-only system, the alphanumeric codes provide a more flexible and scalable framework that can accommodate the country’s rapid urban growth and diverse settlement patterns.
For emphasis, an alphanumeric postcode system is a postal indexing system that uses a combination of both letters (alpha) and numbers (numeric), along with spaces or punctuation, to identify specific geographic locations, streets, or individual buildings for mail delivery.
Unlike purely numeric postcode systems (such as the 5-digit US ZIP Code or 5-digit codes used in some European countries), alphanumeric codes offer a much higher number of unique combinations using fewer total characters. This flexibility allows postal authorities to pinpoint locations with incredible precision, often down to a single side of a street or a specific large building.
“On October 1st 2026 Nigeria’s new Alphanumeric Postcode System goes live,” Mr Tijani said.
“For the first time, every home will be assigned a unique postcode that’s simple, precise and built for a digital future,” he added.
The minister urged Nigerians to prepare to generate their individual postcodes ahead of the launch.
The new system is expected to strengthen Nigeria’s digital addressing infrastructure and improve the identification and location of homes and properties for postal and other location-based services.
The initiative is being implemented in collaboration with the Nigerian Postal Service (NIPOST) as part of broader efforts to modernise the country’s addressing and digital infrastructure.
By Modupe Gbadeyanka
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has been directed to give an account to Nigerians on how the current government has fared since its inception on May 29, 2023.
This directive was given by President Bola Tinubu in a message posted on his verified social media handles on Wednesday.
This coincides with the commencement of campaigns for the 2027 presidential election scheduled for January 16.
According to the timetable of the Independent National Electoral Commission (INEC), candidates seeking to become the country’s president are eligible to kick off their campaigns from today, Wednesday, August 19, 2026.
In his message today, Mr Tinubu said, “When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children.
“Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did.
“I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains.
“You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country.
“This is your government. This is your country. This is our account to you.”
Shortly after he took the oath of office over three years ago, President Tinubu declared that subsidies on petroleum products were gone. He later approved foreign exchange (FX) reforms, which devalued the Nigerian Naira, shooting from about N800 per Dollar to nearly N2,000 per Dollar. However, it is currently slightly above N1,340 per Dollar in the official market.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Agip Exploration (NAE) Limited are advancing discussions on the development of deepwater assets estimated to hold 500 million barrels of oil reserves.
The development followed a meeting between the chief executive of the state oil company, Mr Bayo Ojulari, and Agip’s Vice Chairman and Managing Director, Mr Maurizio Pinna, in Abuja.
The talks focused on ongoing work on deepwater acreage jointly held by NNPC, NAE and Shell Nigeria Exploration and Production Company (SNEPCo) as well as plans to bring the associated resources into production.
According to NNPC, the acreage comprises the Zabazaba and Etan deepwater fields, with estimated reserves of about 500 million barrels.
The fields are located in Nigeria’s deepwater terrain and are considered significant to the country’s efforts to expand its upstream oil production base, particularly as operators seek to advance projects capable of delivering additional barrels over the medium to long term.
While details of the expected production timeline were not disclosed, the meeting underscores renewed industry focus on unlocking Nigeria’s deepwater resources and growing crude oil production.
The acreage comprises licences converted from OPL 245 and is operated by NAE in partnership with NNPC Limited and SNEPCo.
Mr Ojulari and Mr Pinna also reviewed the work currently underway on the assets and the expected production outlook, with the discussions centred on advancing deepwater development.
The engagement comes amid renewed efforts to attract investment into Nigeria’s offshore petroleum resources and increase national oil production.
