Nigeria lost N16.2 trillion in oil revenue in the first half of 2025, reflecting a shortfall from the government's revenue targets for that period. According to a report released by the Budget Office on budget performance, N9.32 trillion was generated out of the 25.52 trillion projected for January to June 2025. This means only 36.52 …
The newly appointed Chief of Naval Staff, Vice Admiral Idi Abass, has pledged to tighten maritime security, enhance operational efficiency, and uphold the Nigerian Navy’s core values of integrity, professionalism, and teamwork. Speaking in Abuja, Abass expressed gratitude to President Bola Tinubu for the confidence reposed in him, promising to serve with dedication, fairness, and …
Nigeria loses an estimated $15 billion every year to oil theft and pipeline vandalism, raising concerns about the long-term sustainability of President Bola Ahmed Tinubu’s Renewed Hope Agenda beyond 2027, a study by Professor Usman Muhammed of Kaduna State University has revealed. Speaking at the 1st Citizens Engagement Conference (North-West Edition) in Kaduna, themed “The …
The Defence Headquarters (DHQ) has revealed that troops of Operation Delta Safe foiled oil theft worth ₦545,872,819 in August. The Director of Defence Media Operations, Maj.-Gen. Markus Kangye, disclosed this during the monthly military operations briefing on Thursday in Abuja. READ ALSO: Troops Foil Abduction, Rescue Six Children in Katsina Village Kangye said troops recovered 619,236 …
By Esther Ososanya The Nigerian Navy dismantled more than 71 illegal refinery sites and seized over 411,000 litres of stolen crude oil in July 2025. These actions came under Operation Delta Sanity, its major anti-crude-theft mission across the Niger Delta. Launched in December 2024, the operation continues to yield strong results. The Navy intercepted smuggling …
