General
Nigerian Navy Impounds Stolen N8.6bn Crude, Others in Three Weeks
By Adedapo Adesanya
The Nigerian Navy, through the Troops of Operation Delta Sanity, has deactivated 41 illegal refining sites and impounded stolen crude oil and other products worth N8.6 billion in three weeks.
The Director of Naval Information, Mr Adedotun Ayo-Vaughan, a Rear Admiral, made the disclosure in a statement, saying that various Nigerian Navy platforms were deployed for the operation meant to combat oil theft and illegal oil bunkering plaguing Nigeria’s maritime environment.
He said that between February 5 and February 22, a total of 51 wooden boats and three fibre ones were apprehended, while 104 illegal refining ovens, 85 reservoirs and 288 dugout pits were destroyed.
The navy spokesman said approximately 60,815.77 barrels of crude oil, worth N8.1 billion, 557,580 litres of gas worth N497.4 million and N5.5 million worth of Kerosene valued at N5.5 million, were recovered.
“Cumulatively the sum of N8.6 billion that could have been used to perpetrate acts inimical to national security and prosperity was denied the oil thieves,” he added.
Mr Ayo-Vaughan said the Forward Operation Base (FOB) FORMOSO in Bayelsa, on February 19, conducted operations around Brass River, Akassa, Lagosgbene, Tebidaba and Oyeregbene general area.
He said the team discovered an illegal refining site and two wooden boats laden with 62.9 barrels (10,000 litres) of product suspected to be stolen crude oil during the operation.
According to him, the site was dismantled while the boats and products were towed to a safe location and handled appropriately.
“Relatedly, on Feb. 19, FOB ESCRAVOS conducted anti-crude oil theft operations around the Aghor-Kutu Community in Warri Southern Local Government Area of Delta.
“During the operations, the team discovered one IRS, three ovens, one reservoir, one pumping machine, 10 jerricans and 38 drums laden with 195.9 barrels (31,150 litres) of product suspected to be stolen crude oil.
“Accordingly, the Illegal Refining Site was dismantled while the products were towed to a safe location and handled appropriately.
“Similarly, NN Ship PATHFINDER, conducted operations around Abuloma, Abonnema, Woji, and Taraba jetty in Borikiri, Rivers between Feb. 20 and Feb. 22 and raided a car wash used for storing illegally refined products.
“The team discovered one IRS, seven ovens, 60 drums and two reservoirs laden with about 120,000 litres of product suspected to be illegally refined gas,” he said.
The Naval spokesman said the team also intensified operations around Cawthorne Channel 1 in Bille general area which led to the discovery of a wellhead where crude oil was being siphoned.
He added that one large wooden boat laden with about 283.0 barrels (45,000 litres) of suspected stolen crude oil was discovered during the operation.
He said the FOB IGBOKODA, on Feb. 21, discovered four wooden boats laden with 1,200 litres of products suspected to be stolen gas at Agadagba in Ese-Odo Local Government Area of Ondo.
Mr Ayo-Vaughan also said the NNS SOROH patrol team had on Feb. 21, intercepted two private vehicles conveying 79 sacks of product suspected to be illegally refined gas estimated to be 20,000 litres around Okarki general areas of Bayelsa.
He added that the NSS 030 also intercepted five ovens, nine drums, 25 iron pipes, one pumping machine and one wooden boat laden with about 1,500 litres of product suspected to be illegally refined AGO around Egbosuwy general area.
According to him, the FOB BADAGRY patrol team had on Feb. 22 discovered 9,000 litres of products suspected to be illegally refined AGO in a building.
“On Feb. 22, the FOB IBAKA patrol team intercepted a large wooden boat from the Republic of Cameroon around Uyenghe in the Ibaka area, Cross River.
“The boat was laden with about 5,100 litres of product suspected to be illegally syphoned petrol concealed under other utility items.
“Accordingly, two suspects and cargo onboard were handed over to the NSCDC for further investigation and prosecution.
“In summary, three IRS, 15 ovens, two reservoirs, eight wooden boats and one fibre boat were appropriately handled during the period under review.
“Additionally, oil thieves were denied about 55,120 bbls (8,764,080 litres) of product suspected to be stolen crude oil, 141,200 litres of illegally refined gas and 9,000 litres of illegally siphoned petrol amounting to N7.4 billion.”
General
Anambra Moves to Curb Erosion Menace
By Adedapo Adesanya
Anambra State Executive Council (ANSEC), under Governor Charles Soludo, has taken a bold step to address the pressing issue of erosion in the state, while also recovering government lands and awarding strategic projects aimed at boosting the state’s economy and improving the quality of life of its citizens.
The Commissioner for Information, Mr Law Mefor, made this known after the 25th ANSEC meeting held recently at the Lighthouse, Awka.
He revealed that the meeting noted with grave concern the existential threat posed by erosion in Anambra, citing the careless actions of communities and regulatory bodies that have disregarded environmental regulations.
“The council has decided to step up enforcement measures to force individuals to build and manage storm waters from their houses and for communities to follow specific guidelines, such as building erosion barriers and excavating sand only in designated locations,” Mr Mefor stated.
He emphasised that the government will not hesitate to take stern action against individuals and communities that fail to comply with environmental regulations.
To address the issue, the government will enforce strict adherence to environmental regulations, mandate the construction of erosion barriers and proper sand excavation practices, and collaborate with relevant agencies to hold those responsible for the erosion menace.
It is also confident that with the support of the people, it will overcome the challenges posed by erosion and achieve its vision of making Anambra State a destination where economic and business activities thrive.
Furthermore, the council has resolved to form a committee to reclaim government lands in and around Anambra State that have been intruded upon and built upon without permission.
“The government will not stand idly by while its lands are being grabbed and misused. We will take all necessary steps to recover these lands and ensure that they are used for the benefit of the people of Anambra State,” Mr Mefor said.
ANSEC has also awarded several strategic projects aimed at enhancing the state’s infrastructure development.
The projects include the provision of a water supply to the Ekwulobia Flyover Bridge Fountain and the ornamental garden for Double NC Construction & Logistics Ltd; the installation of a 3-way traffic light, including pedestrian lights, at the Ifite-Amenyi intersection within the Awka metropolis to S.N.U. Ventures, and the supply and installation of two 10 kVA inverters with 15 kW lithium batteries at the Anambra State Civil Service Commission Building in Awka to Kennolly Enterprises.
Others include the supply and installation of transformer substations at Nnewi and Umueze-Anam communities for Aries and Gold Ventures Limited, and Aljovic Construction Limited; and the landscaping of the car park for the Trauma Centre at Chukwuemeka Odumegwu Ojukwu University Teaching Hospital (COOUTH), Amaku, Awka, for Triseconds Resources Limited.
General
Dangote Refinery Commences Free Delivery of PMS January 2026
By Modupe Gbadeyanka
The free delivery of premium motor spirit (PMS), otherwise known as petrol, across the country by the Dangote Petroleum Refinery will finally begin in January 2026. This was earlier scheduled for August 2025
This move, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN), will bring down the price of the product in Nigeria.
The group has, therefore, urged all its members nationwide to patronise the Lagos-based private oil facility because it offers the best affordable price for all marketers.
Dangote Refinery has agreed to directly supply PMS to registered members of IPMAN, according to a statement signed and issued by the organisation’s president, Mr Abubakar Maigandi Shettima.
At a press conference held in Abuja yesterday on recent happenings in the oil and gas sector, IPMAN also applauded the support of the Chairman of Dangote Petroleum Refinery, Mr Aliko Dangote towards the federal government, which it noted has become evident in the regular reduction of the petroleum pump price.
“The association has the highest percentage of the supply chain of the PMS downstream sector, controlling over 80 per cent of the petrol retail market. We therefore declare that there will be no gap or scarcity in PMS supply to Nigerians.
“We are also excited at the recent agreement by the Dangote Refinery to begin the supply of PMS products directly to registered IPMAN members, and its free delivery to our filling stations anywhere and everywhere in Nigeria which will commence in January 2026.
“This will again, certainly lead to further decrease in the pump price of the products at our filing stations.
“Therefore, I am calling on all IPMAN members nationwide to prioritise patronising the Dangote Refinery in their purchase of PMS products, as they already offer the best affordable prize for all marketers today,” the group stated.
“At IPMAN we have no doubt as to the viability of the oil and gas policies being initiated by the federal government, and we have ceaselessly called and sought for enhanced cooperation across all levels of governance in the oil and gas sector. Hence, our repeated persuasion to always partner the Dangote refinery, to ensure the steady availability of PMS products.
“The focus of the Dangote & IPMAN partnership, has always been geared towards making life better for Nigerians. And of course, this blooming partnership would never have been possible without the pragmatic leadership of President Bola Tinubu, and his sound judgment in readjusting the leadership of the NMDPRA and the NUPRC.
“Our position has always been to deepen domestic refining in order to eradicate imports of petroleum products. Continuous import is NOT an acceptable parallel business model, because issuing import licenses recklessly distorts market dynamics, drains foreign exchange, enthrones poverty, destroys jobs, and scares potential investors away,” Mr Shettima was quoted as saying in the statement.
General
Swedfund Puts Down $20m for Green Business Growth in Africa
By Aduragbemi Omiyale
About $20 million has been put down by Swedfund to support efforts that limit climate change in Africa and help communities adapt to its effects.
The funds would be deployed by the Helios Climate, Energy, Adaptation and Resilience (CLEAR) Fund to back African companies that reduce emissions, strengthen resilience and create green jobs.
Swedfund’s investment is expected to contribute to significant cuts in greenhouse gas emissions and to help businesses and small farmers adapt to a changing climate.
The investment strengthens Swedfund’s work to drive a sustainable and inclusive green transition in Africa.
Africa contributes less than 3 per cent of global carbon emissions but faces some of the most severe climate impacts. At the same time, the continent’s energy demand is expected to triple by 2050.
Swedfund’s investment in Helios CLEAR will help channel capital to businesses that drive low-carbon growth in areas such as renewable energy, sustainable transport, climate-smart farming, efficient use of resources and digital climate solutions.
“By investing in this sector, we can reduce emissions, build resilience and create green jobs, all vital for sustainable growth that benefits more people.
“Africa currently receives only a small share of global climate investment, yet the potential for climate-smart business is enormous.
“Through Helios CLEAR we help build the next generation of African climate-focused businesses,” the Investment Director for Energy and Climate at Swedfund, Ms Gunilla Nilsson, stated.
Helios CLEAR Fund is a Pan African growth equity fund managed by Helios Investment Partners, one of Africa’s leading private equity firms.
The fund targets investments that deliver measurable climate mitigation and adaptation outcomes. The fund is supported by multiple development finance institutions.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn












