In a fiery condemnation of oil theft and security lapses in Nigeria, top Niger Delta stakeholders have urged the Federal Government to overhaul its approach, warning that deploying compromised security officials to combat oil thieves is a recipe for disaster.Leading the charge, Brigadier General Idada Ikponmwen (retd.), Deputy Inspector General of Police Udom Ekpoudom (retd.),ContinueContinue reading “Niger Delta Stakeholders to FG: Purge Security Forces of Criminal Elements in Oil Theft Fight”
Category Archives: OIL
FG Bans Export of Crude Oil Allocated to Domestic Refineries in Major Policy Shift
In a decisive move aimed at strengthening Nigeria’s energy security and boosting local refining capacity, the Federal Government has banned the export of crude oil designated for domestic refineries.The announcement was made via the official X handle of Nigerian Stories, sparking widespread reactions across the country’s energy sector. This latest policy shift underscores the government’sContinueContinue reading “FG Bans Export of Crude Oil Allocated to Domestic Refineries in Major Policy Shift”
Nigeria Spends N5.5 Trillion on Petrol and Diesel Imports in Just Four Months: A Nation’s Struggle with Fuel Supply and Refining Challenges
Nigeria’s fuel import bill has skyrocketed to an astonishing N5.5 trillion between October 1, 2024, and January 31, 2025, according to recent reports. Despite efforts to revive domestic refining capabilities, the country continues to heavily depend on imports of Premium Motor Spirit (PMS) and diesel (AGO), leaving a staggering economic burden in its wake.The NigerianContinueContinue reading “Nigeria Spends N5.5 Trillion on Petrol and Diesel Imports in Just Four Months: A Nation’s Struggle with Fuel Supply and Refining Challenges”
Behind Closed Doors: Ribadu’s Secret Meeting with Ogoni Leaders Sparks Controversy Over Oil Exploration Resumption
The Nigerian government, under the administration of President Bola Tinubu, is quietly setting the stage for a pivotal and controversial dialogue with Ogoni leaders regarding the resumption of oil exploration in Ogoniland. National Security Adviser Nuhu Ribadu has invited key stakeholders from the region to a confidential meeting scheduled for Tuesday, January 21, 2025, atContinueContinue reading “Behind Closed Doors: Ribadu’s Secret Meeting with Ogoni Leaders Sparks Controversy Over Oil Exploration Resumption”
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