NEWS
Oil Marketers Demand Clarity As Naira-for-Crude Initiative Takes Effect
Oil marketers and domestic refiners have called on the Federal Government to provide comprehensive details about the naira-for-crude oil deal, which was recently announced by the Federal Ministry of Finance.
The ministry disclosed that the sale of crude oil and refined petroleum products in naira began on October 1, 2024, marking a significant shift in the country’s oil sales policy.
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In a statement on Saturday, the Ministry of Finance, through its official X handle, confirmed that the initiative had officially commenced, following a directive from the Federal Executive Council.
The Minister of Finance and Coordinating Minister of the Economy chaired a post-commencement review of the initiative on October 3, 2024, affirming the strategic move.
However, the announcement lacked details about the contractual agreements and pricing mechanisms, prompting concerns from key industry stakeholders.
Industry Response
The Crude Oil Refinery Owners Association of Nigeria and the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) welcomed the move, but both organizations urged the government to disclose more specifics about the deal.
Billy Gillis-Harry, President of PETROAN, expressed optimism about the policy but emphasized the need for transparency.
In an interview, he highlighted the importance of understanding how the agreement would affect the pricing of crude oil and its impact on fuel costs in Nigeria.
“We are happy with the initiative as it aligns with our long-standing recommendation to sell crude oil to Nigerian refineries in naira,” said Gillis-Harry.
“However, we need the government to release details, especially regarding pricing, to address concerns of potential fuel price hikes.”
Gillis-Harry, currently engaged in local elections in Rivers State, said the outcome of the deal would have far-reaching consequences for Nigeria’s economy.
“PMS (Premium Motor Spirit) pricing is crucial as it affects every aspect of the economy. We hope that once the details are revealed, it will ensure stability and growth for the naira.”
He also lauded the government for implementing the suggestion originally pushed by PETROAN, stating that this policy could provide significant value to the Nigerian economy.
Awaiting Clarity
Despite the positive reception from some industry players, the lack of clarity regarding the pricing structure and other terms of the deal has left many stakeholders eager for more information.
The success of the naira-for-crude initiative will largely depend on how the details are handled, especially as fuel prices remain a sensitive issue for Nigerian consumers.
As the government continues to roll out the policy, it remains to be seen how the deal will affect both the domestic and international oil markets, as well as the broader Nigerian economy.
NEWS
Terrorists on the Run as Troops Destroy Camp, Rescue Kidnap Victims in Zamfara
The Nigerian Army has recorded another success in its ongoing offensive against terrorism and banditry in Zamfara State, forcing terrorists to flee their hideout, destroying their camp, and rescuing three kidnapped victims.
According to an operational report released on Saturday, troops of Sector 2, Operation Fansan Yamma, carried out the operation on June 12 across communities in Zurmi and Shinkafi Local Government Areas of the state.
The report stated that troops conducting a fighting patrol through Birnin Saba, Yanbuki, and Sabon Garin Daudawa communities came into contact with terrorists operating in the Yanbuki District of Zurmi LGA.
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During the encounter, troops engaged the criminals in a gun battle, successfully neutralising one terrorist while others escaped into nearby areas.
Security forces recovered several items from the scene, including rifles, four magazines loaded with ammunition, two motorcycles, seven mobile phones, two MP3 players, woodland camouflage trousers, and an inner vest.
Maintaining pressure on the fleeing terrorists, the troops advanced toward Sabon Garin Daudawa. On sighting the approaching soldiers, the terrorists reportedly abandoned their camp and fled.
The troops subsequently cleared the area and destroyed the camp to prevent it from serving as a base for future criminal operations.
In the course of the clearance operation, three kidnapped victims were rescued and safely evacuated from the area.
The military said the operation forms part of ongoing efforts to rid Zamfara and other parts of the North-West of terrorist and bandit groups responsible for attacks, kidnappings, and other criminal activities.
The Nigerian Army reaffirmed its commitment to sustaining aggressive operations across the region until lasting peace and security are restored to affected communities.
NEWS
DSS Foils Arms Smuggling Operation, Arrests Suspect Linked to Zamfara Bandit Leader
The Department of State Services (DSS) has intercepted a shipment of weapons allegedly destined for a notorious bandit kingpin operating in Zamfara State and arrested a suspected arms courier in Kano State.
According to an operational report obtained by the News Agency of Nigeria (NAN), the suspect was apprehended on Friday in Gezawa Local Government Area of Kano State following intelligence-led operations by DSS operatives.
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The report disclosed that the suspect was intercepted while transporting a cache of arms and ammunition from Maigatari Local Government Area of Jigawa State to Funtua in Katsina State, from where the weapons were expected to be delivered to criminal elements.
Items recovered from the suspect included three AK-47 rifles, four rocket-propelled grenade (RPG) tubes and warheads, as well as two empty magazines.
Security sources said preliminary investigations linked the weapons consignment to a suspected bandit leader believed to be operating in parts of Zamfara State.
During interrogation, the suspect reportedly confessed that he had been contracted to move the weapons from Maigatari to Funtua and was promised a payment of N450,000 upon successful delivery.
The report noted that investigations are ongoing to uncover the network behind the arms trafficking operation and identify other individuals connected to the movement of the weapons.
Authorities described the arrest as a significant breakthrough in efforts to disrupt the flow of arms and ammunition to criminal groups responsible for violent attacks, kidnappings, and other security threats across the North-West region.
The suspect remains in DSS custody and is expected to face further investigation and possible prosecution in accordance with the law.
The development comes as security agencies continue to intensify intelligence-driven operations aimed at dismantling logistics networks that support banditry, terrorism, and other forms of organised crime across Nigeria.
NEWS
NNPC Ltd Uncovers Pipeline Vandals, Disguising as FG Taskforce
Well-equipped criminal syndicates are disguising themselves as members of a Federal Government taskforce to steal critical oil infrastructure across Nigeria.
The Nigerian National Petroleum Company Limited (NNPC Ltd) made the revelation, describing it as a disturbing trend in the country’s worsening pipeline vandalism crisis.
According to the state oil major, 24 cases of vandalism had been recorded along sections of the Warri-Kaduna crude oil pipeline corridor since 2025, with about nine kilometres of pipeline already stolen by suspected vandals.
The revelation came as the NNPC Ltd, through its Industry-Wide Security Architecture and its subsidiary, the Nigerian Pipelines and Storage Company, conducted a joint inspection of a vandalised section of pipeline at Pai Community in Kwali Area Council of the Federal Capital Territory (FCT).
The inspection, carried out alongside the Office of the National Security Adviser Special Prosecution Team, the FCT Police Command, the Nigerian Army and other security stakeholders, followed the arrest of three suspected pipeline vandals in the Piri and Pai communities.
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In a statement on Thursday by the Chief Corporate Communications Officer of NNPC Ltd, Andy Odeh, asserted that the inspection was aimed at assessing the extent of damage to the critical national asset, advancing ongoing investigations and reinforcing efforts to combat economic sabotage.
The statement read, “The Nigerian National Petroleum Company Limited through the Industry Wide Security Architecture and Nigerian Pipelines & Storage Company in collaboration with the Office of the National Security Adviser Special Prosecution Team, the Federal Capital Territory Police Command, the Nigerian Army and other security stakeholders, on Tuesday conducted a joint inspection of a vandalised section of the NPSC crude oil pipeline at Pai Community in Kwali Area Council of the FCT, Abuja.
“The high-level inspection was undertaken to assess the extent of damage to critical national assets, advance ongoing investigations, and reinforce coordinated efforts to combat economic sabotage and safeguard Nigeria’s strategic energy infrastructure.
“The visit followed the arrest of three suspected pipeline vandals in the Piri and Pai communities through a joint operation involving the ONSA Special Prosecution Team, the FCT Police Command, and the NNPC Ltd’s Industry-Wide Security Architecture.”
According to Odeh, the Nigerian Pipelines and Storage Company, a subsidiary of the NNPC Ltd, owns and manages more than 5,000 kilometres of crude oil and petroleum products pipelines across the country.
He expressed sadness that pipeline theft across the network has intensified in recent years.
“NPSC, a subsidiary of NNPC Ltd, owns more than 5,000km of crude oil and petroleum products pipeline network. Pipeline theft across NPSC’s network has been on the increase since 2024.
“Well-equipped criminals disguising themselves as the ‘NNPC/Federal Government Taskforce for Recovery of Abandoned Pipelines’ connive with locals to dig out and steal these pipelines,” the statement noted.
The company disclosed that 19 incidents were recorded in 2025 alone.
“In 2025, a total of 19 cases were reported, with about 9km of pipeline section stolen along the Enugu-Makurdi-Yola corridor and between Piri and Izom along the Warri-Kaduna pipeline corridors.
“So far in 2026, five cases have been reported at Piri-Kwali and Gwagwalada along the Warri-Kaduna crude oil pipeline segment and at Badanga along the Jos-Gombe pipeline corridor,” it added.
The affected infrastructure serves as a strategic route for transporting crude oil from the Warri Refining and Petrochemical Company (WRPC) to the Kaduna Refining and Petrochemical Company (KRPC).
Speaking during the inspection, the Group Chief Executive Officer of NNPC Ltd, Bashir Ojulari, represented by the company’s Chief Interface Officer, Dahiru Sani-Gwarzo, said the arrests marked an important breakthrough in the fight against pipeline sabotage.
“The industry-wide security architecture has been actively pursuing criminal elements involved in the sabotage of our energy infrastructure. Those apprehended are only a small part of a larger network.
“Our focus remains on identifying and bringing to justice the masterminds and sponsors behind these criminal activities.
“Beyond the significant economic losses they cause, such acts undermine national development, energy security and investor confidence.
“We will continue to work closely with our security partners to ensure these crimes are decisively addressed,” he said.
On his part, the Commissioner of Police, FCT Command, CP Ahmed Muhammed Sanusi, said the arrests demonstrated the resolve of security agencies to dismantle organised criminal groups targeting national infrastructure.
“The operation demonstrates our collective determination to protect critical national assets and dismantle criminal syndicates involved in pipeline vandalism.
“The suspects were apprehended following intensive intelligence gathering, surveillance operations and targeted patrols after reports of interference with sections of the pipeline.
“Our investigations have already generated valuable leads regarding the sponsors and receivers of the vandalised materials.
“We want to assure Nigerians that all individuals connected to these criminal activities will be identified and prosecuted in accordance with the law,” Sanusi stated.
Also speaking, the Director of Energy Security at the Office of the National Security Adviser, Goodluck Ebele, urged Nigerians to support ongoing efforts by providing timely information to security agencies.
“Public vigilance and cooperation remain critical to protecting national assets and strengthening Nigeria’s energy security.
“We appeal to citizens living around these facilities to report suspicious activities promptly. Pipeline vandalism is not a victimless crime; it affects national revenue, energy supply and economic development,” he said.
Representing the Nigerian Army, Lt. Col. J.O. Ajongbo reaffirmed the military’s commitment to safeguarding oil and gas infrastructure nationwide.
“We remain committed to working closely with NNPC Ltd and all relevant agencies to secure critical energy infrastructure across the country.
“The protection of these assets is a national responsibility, and the military will continue to play its part in ensuring that criminal elements do not succeed in their attempts to sabotage the economy,” he stated.
Similarly, the Deputy Chairman of the House Committee on Petroleum Resources (Upstream), Hon. Sesi Whingan, pledged legislative support to strengthen deterrence against pipeline vandalism.
“We will continue to support measures that enhance the legal and regulatory framework needed to combat pipeline vandalism.
“Those who engage in economic sabotage must understand that there will be consequences, and we will work with relevant institutions to ensure that our laws serve as effective deterrents,” he said.
Pipeline vandalism has remained one of the biggest challenges confronting Nigeria’s oil and gas sector, contributing to production losses, environmental degradation and reduced revenues.
While much of the public attention has focused on crude theft in the Niger Delta, the latest incidents suggest that criminal networks are increasingly targeting pipeline infrastructure in other parts of the country.





