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Oil Theft: How criminal networks are moving from creeks to communities

Oil Theft: How criminal networks are moving from creeks to communities

For decades, Nigeria’s oil theft crisis was largely associated with remote creeks, mangrove swamps and offshore vandalism in the Niger Delta. Increasingly, however, security agencies say the trade is migrating inland-embedding itself within civilian communities, markets and transport corridors where it can operate under the cover of everyday commerce. The recent exposure of Owaza Mami Market […]

Dangote Refinery targets depot owners, major marketers in new marketing model

Dangote Refinery targets depot owners, major marketers in new marketing model

By Udeme Akpan, Energy Editor Dangote Refinery has resumed the sale of Premium Motor Spirit (PMS), also known as petrol, to major marketers and depot owners under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The move represents a significant shift from the previous arrangement in which products were […]

Global mobility drives economic expansion, not capital flight — Optiva Capital boss 

Global mobility drives economic expansion, not capital flight — Optiva Capital boss 

By Babajide Komolafe The Chairman, Optiva Capital Partners, Mr. Franklin Nechi, has dismissed concerns that rising migration among Nigerians amounts to capital flight, insisting instead that global mobility fuels economic expansion and strengthens domestic resilience. Speaking during a media interaction in Lagos, the Optiva Capital boss argued that the growing appetite for residency and second citizenship […]

Raw materials export soars, despite push for local processing

Raw materials export soars, despite push for local processing

lt undermines backward integration policies —LCCI  lProposed 30% value-addition bill will foster industrial growth —MAN  lPolicy alone can’t solve problem —CPPE By Yinka Kolawole There are indications that the Federal Government’s drive towards value-added exports is failing as exports of unprocessed raw materials jumped to N2.9 trillion in the first nine months of 2025 (9M’25). Data from […]