4 Oil Theft Suspects, Vessel Handed Over in Delta
Tantita Security Services arrests four oil thieves, intercepts vessel MT Thor in Delta. Handover to Inter-Agency Task Force marks a key step in curbing economic sabotage in Niger Delta. Read details.
Category : Search result: oil theft
Nigeria ships 33.2m barrels of crude to U.S. in eight months
Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.
Two arrested for impersonating COAS in Edo, troops foil oil theft
Nigerian troops arrest two impersonating the Chief of Army Staff in Edo, foil a N15m oil theft, and rescue 69 kidnapped victims nationwide. Read the latest security updates.
Indigenous Firms Control 50% of Nigeria's Oil, Gas Output
The Independent Petroleum Producers Group (IPPG) announces indigenous firms now account for over 50% of Nigeria's crude oil and gas production. Discover the impact on energy security and sector growth.
Dangote, Others Honoured in Downstream Petroleum Awards
Petroleumprice.ng honours Aliko Dangote, MRS Oil, Rainoil, and others in its first industry awards. Winners were chosen via a hybrid model of public votes and expert judges. Read the full list.
Civil Society Commends NNPC's Ojulari for Oil Sector Turnaround
A civil society coalition has lauded NNPC Ltd's CEO, Bashir Bayo Ojulari, for transformative leadership that increased crude production to a 36-year high of 355,000 bpd and drove record profits. Read the full appraisal.
EKEDC Accuses Hotels, Wealthy of Major Power Theft
EKEDC CEO reveals high-income residents and hotels are major culprits of electricity theft, worsening Nigeria's power crisis. Discover the impact and the smart metering solution.
Venezuela Faces Deep Crisis as US Tightens Oil Blockade
A new US blockade on Venezuelan oil shipments could slash production and halve exports, pushing the economy deeper into crisis. Experts warn of severe impacts.
Trump Announces Naval Blockade Against Venezuela
US President Donald Trump announces a maritime blockade on Venezuela, demanding the return of oil and land he claims were stolen. Get the full details on this escalating crisis.
Nigeria's oil rigs stuck at 41 amid OPEC expansion
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
Trump Orders Naval Blockade of Venezuela Oil Tankers
US President Donald Trump announces a total blockade of sanctioned Venezuelan oil vessels, escalating tensions. Learn the details and potential impact on the global oil market.
Agbero Flees With Woman's Bottle of Fanta in Lagos
A Lagos woman was left distressed after a tout, known as an 'agbero', snatched her bottle of Fanta and fled. The incident, captured on video, has ignited discussions on public safety. Read the full story.
Councillor jailed for stealing £150k from charity
Sean McKiernan, a former councillor, gets 3 years 9 months for stealing £150,000 from a mental health charity to fund drugs and escorts. A shocking breach of trust.
Police Arrest Guards Over Theft of Bauchi Govt Vehicle
Bauchi Police arrest two security guards for allegedly stealing an official L-PRES Project vehicle. The Toyota Hilux was recovered swiftly. Read details of the case and police statement.
Thieves Steal Church Speakers, AC; Pastor in Pain
A Nigerian pastor is heartbroken after thieves raided his church auditorium, carting away speakers and an air conditioner. The incident raises security concerns for places of worship. Read the full report.
Dangote: Oil Mafia Steals $82M, Sabotages Refinery
Aliko Dangote reveals a powerful cartel stole $82 million from his refinery, alleging sabotage worse than drug mafias. He calls for action against local and international saboteurs.
Golden Terra Oil Voted Nigeria's Top Healthy Cooking Oil
Nigerian consumers have voted Golden Terra Soya Oil as the Most Preferred Healthy Cooking Oil at the 2025 Consumer Value Awards. Discover why 72% chose this heart-friendly brand.
Ogoni Youths Demand Oil Block, Halt to License Bids
Ogoni youths demand an oil block and halt to ongoing bids, insisting on equity and inclusion before resuming oil production in Ogoniland after 30 years.
Nigerian Sentenced to 20 Years in US for Major Fraud
Oluwaseun Adekoya, a Nigerian resident in New Jersey, has been sentenced to 20 years in a US federal prison for masterminding a sophisticated $2 million identity theft and bank fraud operation. Read the full details of the multi-state scheme.
Police Arrest Bandit Financiers, Thieves in Sokoto, Zamfara
Sokoto State Police Command has arrested suspects funding bandits through cattle sales and smashed a motorcycle theft syndicate in a coordinated cross-border operation. Commissioner declares end to criminal safe havens.
PENGASSAN warns of oil sector brain drain over low pay
PENGASSAN warns Nigeria's oil sector faces a severe brain drain due to low wages and economic hardship. Union President Festus Osifo urges immediate action to close the wage gap and retain skilled workers.
Ex-NAHCO staff jailed for stealing 25kg drug at Lagos airport
NAHCO Aviance explains how it uncovered, arrested, and helped prosecute a former junior employee for stealing 25kg of ephedrine hydrochloride from its Lagos airport warehouse. Read the full story.
Activist Gwamnishu Denies Stealing Kidnap Ransom
Nigerian activist Harrison Gwamnishu breaks silence after being accused of stealing part of a ransom meant for a pregnant kidnap victim and her husband in Edo. Read his full response.
Man Arraigned for Stealing Pregnant Dog in Akure
A 39-year-old man, Joseph Raphael, faces court in Akure for allegedly stealing a pregnant dog valued at N500,000. The case has been adjourned to January 2026. Read the full details.
Nigeria's Cyberattacks Jump Over 1000% in Q3 2025
A new report reveals Nigerian firms faced a record 1,047% surge in cyberattacks last quarter, with stolen employee logins now the primary threat. Learn how businesses can defend themselves.
Cyber Attacks in Nigeria Jump Over 1,000% in Q3
Data breaches in Nigeria surged 1,047% in Q3 2025. Hackers now use stolen credentials, not software flaws. Experts urge stronger identity controls to combat this new threat.
NNPC's ₦5.4trn Profit Shows Impact of Reforms
NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.
UK Group GETI Praises NUPRC's $10bn Licensing Round
UK's GETI commends NUPRC for transparent $10bn oil licensing round. Digital portal for 50 blocks aligns Nigeria with global best practices, boosting investor confidence. Read more.
Thieves Drill Ceiling to Rob Pharmacy, Owner Laments
A Nigerian pharmacy owner shares a heartbreaking video after thieves broke in through the ceiling, stealing all his drugs. See the damage and public reactions.
NUPRC's $10bn Licensing Round Hailed as Global Transparency Model
UK-based GETI commends NUPRC's digital licensing portal, projecting $10bn investment. A new benchmark for Africa's oil sector under Engr. Gbenga Komolafe's leadership.
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