General
Nigeria’s Anti-Crude Theft Troop Destroys 50 Illegal Refining Sites
By Adedapo Adesanya
Nigeria’s anti-crude theft troop, Operation Delta Safe, has destroyed 50 illegal oil refining sites in the Niger Delta region and arrested 51 suspects in the last week.
The Director of Defence Media Operations, Maj.-Gen. Edward Buba, who made this known on Thursday in Abuja while briefing newsmen on the operations of the military, said the troops also eliminated four criminals and recovered arms and ammunition.
He added that a total of 578,900 litres of stolen crude oil, 454,330 litres of illegally refined Automotive Gas Oil and 10,000 litres of dual-purpose kerosene (DPK) were recovered during the operations.
According to him, troops also destroyed 245 dugout pits, 31 boats, 69 storage tanks, one tricycle, 23 vehicles, 162 cooking ovens, one pumping machine and three outboard engines.
He said the troops neutralised a notorious criminal and recovered one locally made pistol on November 14, in the Akpabuyo Local Government Area of Cross River State.
“On November 15, troops with hybrid forces raided suspected drugs peddlers’ hideout in Isoko North Local Government Area of Delta and arrested six suspects.
“The maritime component of Operation Delta Safe on November 17, conducted a search and rescue operation following a distress call on a missing Cameroonian-flagged motor Fishing Vessel MFV AFKI with registration number UK12 and number AFKI 8432780.
“After frantic surveillance, maritime component traced and made contact with the vessel 17 nautical miles off Pennington terminal.
“The vessel was recovered with two foreign crew members onboard,” he said.
In the South East, the troop’s spokesperson said the men of Operation UDO KA neutralised six criminals, apprehended 14 suspected IPOB/ESN elements and rescued two kidnapped hostages.
He added that the troops recovered a pump action gun, one double barrel gun, one locally made pistol, six rounds of 9mm ammo, a motorcycle and two mobile phones, among other items.
According to him, all recovered items, arrested suspects and rescued hostages were handed over to relevant authorities for further action.
The Defence Headquarters also said the troops of the Armed Forces of Nigeria in the last week eliminated 99 terrorists and apprehended 198 others in different operations across the country.
The troops also rescued a total of 139 hostages and recovered 141 assorted weapons and 1,463 assorted ammunition in the various operations across North East, North Central and North West theatres of operation.
The breakdown of recovered items, according to him, include one GPMG, one GT3 rifle, one assault rifle, 49 AK47 rifles, one Josef Magnum Pump Action gun, one double barrel gun and two single barrel guns.
Others are nine locally-made pistols, 13 Dane guns, one hand grenade, seven locally-made rifles, and two locally-made hand grenades.
In the North East, he said the troops of Operation Hadin Kai on November 17, apprehended three suspected terrorist collaborators in the Gujba Local Government Area of Yobe.
He added that the suspects claimed to have been coerced to go on the errand by terrorist elements, adding that a total of 108 terrorists and their families comprising 13 adult males, 32 adult females and 63 children surrendered to troops between Nov. 17 and Nov. 23 within the theatre of operations.
He said the troops neutralised 19 terrorists, arrested 21 and rescued eight kidnapped victims within the week across the theatre.
In the North Central, Buba said the troops of Operation Safe Haven neutralised three terrorists, apprehended 32 and rescued eight kidnapped victims as well as recovered various types of arms and ammunition, amongst other items.
He added that troops of Operation Whirl Stroke conducted raids at suspected criminal hideouts in Takum and Katsina-Ala Local Government Areas of Taraba and Benue States, respectively, neutralised two terrorists, arrested nine terrorists and rescued three kidnapped hostages.
He said the troops also recovered one AK47 rifle, one magazine and 27 rounds of 7.62mm special ammo, amongst other items.
In the North West, the Defence spokesman said the troops of Operation Hadarin Daji neutralised 20 terrorists, apprehended 20 terrorists and rescued 83 kidnapped victims in different operations across Katsina, Sokoto and Zamfara States.
He said the air component of the operation conducted air interdiction on a targeted terrorist leaders’ enclave known as Lalbi Nagogo.
According to him, the enclave is in Danmusa Local Government Area of Katsina State and the location was struck with rockets and cannons after confirmation that the terrorist and his foot soldiers were present there.
“Battle damage assessment revealed several terrorists were neutralised with various structures destroyed,” he said.
Buba said the troops of Operation Whirl Punch conducted fighting patrols in Chikun Local Government Area of Kaduna State and Kuje Area Council of FCT respectively.
He said the troops neutralised 16 terrorists, arrested 16 suspects and rescued three hostages in ambush and offensive operations on the terrorists within the period.
He added that the air component had on November 16, conducted air interdiction at a suspected terrorist leader known as Boderi in his new enclave located in Igabi Local Government Area of Kaduna State.
According to him, the location was observed to be active with terrorists and was acquired and engaged with rockets and cannons.
He said the battle damage assessment revealed that the older brother of the terrorist leader named, Nasiru, with several of his lieutenants and foot soldiers were neutralised while their structures were destroyed.
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
By Adedapo Adesanya
The Executive Director/GCOO of Pathway Holdings Limited, Mrs Dolapo Akanbi-Alade, has called for increased inclusion of Nigerian women in finance as the world marks International Women’s Day 2026.
International Women’s Day 2026 is marked every March 8, and this year’s theme is Give To Gain.
In a statement shared with Business Post, Mrs Akanbi-Alade noted that while International Women’s Day highlights the need for gender equality, significant progress requires deliberate policies and systems that expand women’s access to finance and leadership opportunities.
She emphasised that many Nigerian women and women-led businesses still face limited access to finance, highlighting the urgent need for targeted inclusion initiatives.
“At Pathway Holdings, we empower women and give access to investment advisory, asset management, and lending solutions for institutions, high-net-worth individuals, and businesses. Ensuring that women and women-led enterprises can access these opportunities is critical to building a more inclusive financial system,” she added.
Mrs Akanbi-Alade said, “Women’s access to finance is not only a social responsibility but essential for national productivity and economic growth’’. She co-founded the following companies:
Pathway Asset Management Limited is registered and regulated by the Securities and Exchange Commission, Nigeria, as a Fund and Portfolio Manager. The product range includes Pathway Fixed Deposit Notes, Privately Managed Notes, Pathway Private Portfolio Management, Investment Advisory, and Mutual Funds, which will be launched soon.
Pathway Advisors Limited is registered and regulated by the Securities and Exchange Commission (SEC) as an Issuing House and financial adviser. Pathway Advisors’ services cover Mergers and Acquisitions (M&A), Capital-Raising, Financial Advisory, Rating Advisory, and Project and Structure Finance.
Fundbox Financial Services Limited is a wholly owned micro-lending company providing short-term personal and SME finance loans to salaried individuals, self-employed personnel, and small businesses. They offer services which include Cars4Cash, SME Loans, Personal Loans, and Group Employee Loans. Fundbox has successfully disbursed a wide range of loans to both corporate and individual clients, supporting their financial needs and business growth.
Pathway Holdings Limited is a notable investment holding firm focusing on private market investments, including private equity, private credit, and infrastructure. Pathway creates customised investment solutions for institutional investors and individuals, leveraging its extensive experience and local footprint.
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